For those who aren’t aware you can earn a great passive income by holding crypto assets in savings accounts. These accounts offer much higher interest rates than traditional bank accounts (usually between 5%-12% APY) and interest is usually distributed weekly or monthly. There are several different companies offering similar things, Celsius and Blockfi are great and offer some decent rates. However, You Hodler offers a staggering 12% APY on stablecoins. Stablecoins (as the title suggests) are somewhat more stable than regular crypto. The price will only fluctuate with their currency equivalent (such as the value of USD for USDC or USDT). You can gain interest for USD or EURO stable coins on You Hodler.
However, please be aware if a company should close unexpectedly your crypto assets do not have the same protection your money would have in a conventional bank and will likely be lost. Never invest more than you can afford to loose.
You Holder is a highly esteemed, European crypto assets website.
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Currently available to the EU, UK + USA.
