Because of the 'interest' on my previous article, I decided to make a new article about bitcoin (and cryptocurrency) interest rates. The suggested interest funds are relatively safe and have been tested by myself. This article was written from my own experience and community feedback. Putting your money in an interest fund always involves risks, even if the risk is very small and manageable with my suggestions. This is not a financial advice and I recommend you to always check the products yourself. Having said that, here are my three ways to get interest on your bitcoins:
You can get an interest on a varied offer of cryptocurrencies with margin trading exchanges like Poloniex and Bitfinex. I prefer Bitfinex for this one. With margin funding you are borrowing your money to margin traders for an interest rate which you decide, mostly between 1-10% annual percentage rate (APR). Because there are automatic stop losses for margin traders, it's almost impossible to lose your money (and this has never happened before on cryptocurrency exchanges). If this is an option for you there is more information on this page. It’s possible to automate your lending on the exchanges or set up a 'lendingbot' with your API on coinlend.org.
On mixcoins.com you can put your bitcoins in their arbitrage fund. Due to price differences across different exchanges and a high-frequency trading technology they manage to purchase bitcoin in lower prices markets and sell them in higher prices markets. The profit of each transaction is a very small percentage of the transaction, but high-frequency arbitrage allows for tens to hundreds of transactions per second. Due to the small spread of each transaction the risk is very low per transactions. The current rate for bitcoins is 10.96% APR. I'm in this fund for a year and they’ve always paid the interest on time and at an APR of 10.96%. If you're interested you can do me a favor with using my referral link https://mixcoins.com/?r=189870
On freebitco.in you can get a interest on your bitcoins for expanding bitcoin mining operations. The interest is paid from three operations: the first part is used to cover user withdrawals, the second part is used to bankroll their multiply BTC game and the third part is used to expand their bitcoin mining operation. If you interested in this one you can make account via my referral link. The APR is 4.08% and they also have a faucet where you can earn free bitcoin. The minimum balance is (0.0003 BTC).
I hope this is informative for you and you will do me a favor with using my referral link if you join an interest program. Let me know what you think about it in the comments.
Let’s keep this BOOMING!
UnknowCrypto
Join our new Discord Channel, SteemitStocks. It's a chat channel where crypto and stocks investors can meet, chat and share content about investing.
Use this link to buy $100 worth of Bitcoin, Litecoin or Ethereum on Coinbase.com and we both get $10 for free!
