{"id":4745,"date":"2020-08-05T13:59:00","date_gmt":"2020-08-05T13:59:00","guid":{"rendered":"https:\/\/azoora.com\/blog\/?p=4745"},"modified":"2021-06-17T19:28:52","modified_gmt":"2021-06-17T19:28:52","slug":"how-to-earn-interest-with-bitcoin","status":"publish","type":"post","link":"https:\/\/azoora.com\/blog\/information\/how-to-earn-interest-with-bitcoin\/","title":{"rendered":"How to Earn Interest with Bitcoin"},"content":{"rendered":"\n

When I was young I remember looking at my bank book and seeing nice interest payments for cash I had in the bank. Fast forward to today and banks are giving essentially nothing for interest — your money just sits there collecting dust. In an ideal world you could put it into the stock market but there always funds that you can’t put at risk.<\/p>\n\n\n\n

That got me thinking about new and creative ways to earn interest on USD in the Bitcoin Era<\/a>. One idea that came to mind was converting USD to USDC (US Dollar Coin) and using a service to earn interest on it — some even promised 8%, much more than any bank offers. That also got me to thinking about earning interest on other cryptocurrencies that I’ve owned for years but have no desire to sell.<\/p>\n\n\n\n

I’ve spent the last few months using three different services for earning interest on cryptocurrencies: Nexo<\/a>, BlockFi<\/a>, and Celsius Network<\/a>. Over that time, I’ve enjoyed earning thousands of dollars in interest. Let’s explore the strengths of each services!<\/p>\n\n\n\n

Nexo<\/a><\/h2>\n\n\n\n
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Nexo<\/a> is the world’s largest and most trusted lending institution in the decentralized finance space and has already processed more than $3 billion for 800,000+ clients in 200+ countries.<\/p>\n\n\n\n

What I Like:<\/strong><\/p>\n\n\n\n