How to Earn Interest on Crypto: Meet Flexible Savings
With cryptocurrency valuations fluctuating wildly, it makes sense to invest your idle cryptocurrency funds in a savings account that enables you to earn interest on crypto at market rates. Pokket is introducing a new Flexible Savings Account that would allow users to earn interest on their favourite crypto every 24 hours. Here’s everything you need to know about earning with a crypto savings account.
Time and again, it has been proven that HODLing is one of the best ways to earn through investing in cryptocurrencies. However, HODLing involves holding on to the investments for a considerable time. So, while the cryptocurrency values fluctuate to enhance yield, the cryptocurrency funds remain idle and do not earn any interest. Therefore, Pokket offers a savings account concept, allowing users to earn interest on crypto assets. More recently, after listening to users’ feedback, Pokket has introduced an even better option that provides users all the flexibility while holding their crypto assets in a savings account.
Pokket’s New Offering: Flexible Savings
The Best Crypto Interest Account for Your Crypto Assets
The best aspect that attracts investors to the crypto world is its flexibility at large. Pokket has introduced a cryptocurrency savings account service that provides users with better flexibility to earn interest on their idle cryptocurrency as they HODL to get better returns on their crypto investments. Here’s how the new Crypto Savings Account would allow users to be more flexible with their investments:
· There are no fixed terms, and investors are not required to have their cryptocurrencies held for months.
· Interest will be paid out every 24 hours or fixed terms of 14, 30, and 90 days, as they wish!
How Do You Earn Interest on Crypto Through a Pokket Savings Account?
Investors, who are new to the world of cryptocurrencies may now have this question: How does earning interest on crypto work through Pokket’s Savings Account? It is as simple as your bank account, where you earn interest on your funds deposited with it. Pokket has introduced a new Savings Account where it pays interest on the digital assets that users HODL with them for flexible or fixed periods. Here’s how it works:
- You choose the deposit duration when you create a new savings account. The interest during this savings period remains fixed.
- The Pokket Savings Account locks your token for the specified period as you create the new savings account.
- You get an extensive range of cryptocurrencies to choose from, including BTC, ETH, BNB, AVAX, etc. Pokket pays interest on the same crypto you’re holding.
- The creation of savings and the maturing of Savings occur once a day at 7:00 UTC. The settlement time is the same for token price calculations and new interest rate updates for the day.
Final Words — Why it Makes Sense to Get a Pokket Savings Account!
The interest rates on your bank deposits are not even enough to tackle the rising inflation rates anymore. It means that you’re losing money by parking it in a traditional savings account that doesn’t offer adequate interest rates. On the other hand, a crypto savings account benefit is twofold, i.e., you get to ride the crypto wave and see your investment rise with time, and you get to enjoy a considerable passive income through the interest rate offered by the Savings Account. Hence, it makes sense to open a Crypto Savings Account with Pokket.
Moreover, Pokket is offering the most convenient Simple Savings product to date, i.e., “Flexible Savings.” With Flexible Savings, Pokket gives you control of how long you want to earn interest on your favorite cryptocurrencies, which provides you with the flexibility to maintain the savings accounts for 14, 30, or 90 days, which you can extend per your requirements. With no fixed terms and interest paid every 24hours… the flexibility is all yours!
References
Pokket. Retrieved February 14, 2022, from Pokket.com website: https://pokket.com/crypto-savings-account
How does it work? Pokket. Retrieved February 14, 2022, from Pokket.com website: https://pokket.com/faq/how-does-it-work
What is POKKET? (n.d.). Retrieved February 14, 2022, from Pokket.com website: https://pokket.com/faq/what-is-pokket
