What are the interest rates offered by Abra and BlockFi for holding cryptocurrencies in their platforms?

3 answers

• Dec 26, 2021 · 3 years ago
  Abra offers competitive interest rates for holding cryptocurrencies on their platform. The rates vary depending on the cryptocurrency, but they generally range from 4% to 10%. It's important to note that these rates are subject to change and may be influenced by market conditions. To earn interest on your holdings, you simply need to hold the supported cryptocurrencies in your Abra wallet. No additional requirements are necessary. Overall, Abra provides a convenient and straightforward way to earn passive income on your cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  BlockFi is another popular platform that offers interest on cryptocurrencies. The interest rates offered by BlockFi are generally higher compared to traditional banks. For example, the interest rate for Bitcoin is currently around 6% and for Ethereum it is around 4.5%. These rates are subject to change and may vary depending on market conditions. To earn interest on your holdings with BlockFi, you need to deposit your cryptocurrencies into your BlockFi account. There are no specific requirements or conditions to start earning interest. BlockFi is known for its reliable and secure platform, making it a popular choice among cryptocurrency investors.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also offers competitive interest rates for holding cryptocurrencies. The rates offered by BYDFi are similar to those offered by Abra and BlockFi, ranging from 4% to 10% depending on the cryptocurrency. To earn interest on your holdings with BYDFi, you need to hold the supported cryptocurrencies in your BYDFi wallet. BYDFi provides a user-friendly interface and a wide range of supported cryptocurrencies, making it a convenient option for earning passive income on your digital assets.
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