Where is the best place to keep my USD?

I am holding on to several thousands in usd cash right now and I would like to know what is the best place to keep these cash? Is there anywhere I can keep USD which can give me high interest rate? Or should I change them into SGD and save them somewhere? My objective is to just maximise what I can with these USD as I think keeping them as cash on hand may be my worse option.

Thank you.

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Maximilian Günther

28 Aug 2021

If you have no short term use for the USD, I would reccomend converting it into USD stablecoins such as USDC/DAI and depositing them into high interest crypto savings accounts such as Nexo or Celsius. Both currently pay around 10% APY on stablecoins.

In order to purchase stablecoins, you can transfer USD to Gemini, and use the Gemini ActiveTrader platform to purchase ETH with the USD, then sell the ETH for DAI on Gemini. Thereafter, you can utilize the free withdrawal from Gemini to transfer the stablecoin into Nexo/Celsius or any other crypto accounts of your choice.

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Hiew Jun Hui

27 Aug 2021

It depends on whther you need the money in the near future. If not, can use Gemini to buy the crypto and transfer it to hodlnaut and earn 12% on the crypto. Please do your own research first, and if you want, you can use my refferal links below. :)

Gemini:https://www.gemini.com/share/8y47dddu9

Hodlnaut: https://www.hodlnaut.com/join/teLxv0dPc

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