Earn Crypto Interest on Singapore-based interest-earning platform, Hodlnaut.

On my third opinion piece, I would like to share a published blog article from Hodlnaut's blog giving my personal opinion on how you can start earning up to 10.5% APY interest on your crypto assets!

I hope this article gives you a detailed breakdown of how you can start.

The cryptocurrency landscape is evolving and growing as we speak. The HODL strategy, where people buy and hold their crypto, doesn't quite satisfy anymore.

Initially, crypto investors would store their digital assets such as Bitcoin in cold storage for safekeeping in the long term. This has been a historically efficient strategy, but it lacks cash flow that many investors may need from time to time.

That led people to look for different ways of accumulating more capital through their crypto assets. One of the best ways to do that is through an Interest Account.

Earn Bitcoin Interest with Hodlnaut Interest Account

What is a Hodlnaut Interest Account? It is a custodial account where you can earn favourable interest rates based on the amount you deposit in Hodlnaut.

Individuals and corporates that have cryptocurrencies such as Bitcoin can sign up on our platform and begin depositing to earn bitcoin interest in no time.

Any crypto assets that you deposited into the Interest Account will start earning interest at a compounded rate. At Hodlnaut, our effective annual rates for BTC and ETH are 6.2% and 6.7% APY, while it's 10.5% APY for USDT, USDC and DAI.

How Does it Work and is it Safe?

We calculate how much has been earned on any given day by looking at your balance's snapshot daily.

The interest is accrued daily at 5 PM (GMT +8) and will be paid out in-kind at the end of every calendar month.

If you feel that you no longer want to participate in the Interest Account to earn bitcoin interest, you can withdraw your initial deposit along with any interest earned anytime.

For example, if you deposit 1 BTC on Jun 1st, 2021, then at the end of the month, you'll have an updated balance of 1.00509 BTC based on our 6% annual rate.

This will repeat every month until you've decided to withdraw your funds from our platform. Assuming the interest rate and the deposited asset's price remain constant, you will see your overall asset grow to 1.062 BTC (+6.2%) over 12 months.

Many people asked us how we managed to offer a competitive interest rate to users who deposit their crypto with us. We can do that by lending the crypto deposits to selected and rigorously vetted partners, mostly regulated entities in Singapore.

We maintain good relationships with our partners and make sure they have good financial standing to mitigate risks.

To ensure safety, our platform runs on a secure cloud infrastructure on AWS with all traffic encrypted with SSL encryption.

Besides using industry-standard algorithms for password hashing and procedures, we also encourage our users to enable 2FA (two-factor authentication).

Sign Up for a Hodlnaut Interest Account

The signup process for a Hodlnaut Interest Account is easy and you can begin earning bitcoin interest quickly. Go to https://app.hodlnaut.com to begin the signup process.

Fill up your information and make sure you read and agree to our Terms & Conditions and our Privacy Policy.

Once you've verified your email, you can start a deposit immediately. Withdrawals are restricted to a limit of 100 BTC daily.

In your account dashboard, navigate to the My Account tab to see the available deposit types and the amount deposited.

In the Transfer Tab, you'll have a unique wallet address to deposit to. Deposits will be credited after 6 network confirmations for BTC, and 30 network confirmations for ETH and ERC-20 tokens.

You can also track your monthly interest rate, accumulated balance, and interest earned on the Statements tab.

Sign up for a Hodlnaut account and earn bitcoin interest easily with Hodlnaut! If you have any questions in regards to Hodlnaut's Interest Account, feel free to reach out to us at [email protected], and we will be in touch right away.

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