Crypto Bank Account With Interest. Interest payment flex allows you to select the currency of your interest payments and diversify your portfolio without purchasing additional crypto. Nexo provides users with a crypto bank account.
Interest is accrued daily and paid weekly in your deposited crypto. A cryptocurrency interest account is much riskier than a fiat savings account for reasons we’ll get below. These numbers look good on the surface, but as the block’s mike dudas (@mdudas) points out, they’re much riskier and shouldn’t be.
Crypto interest accounts to investors and crypto loans to borrowers.
7 rows quick guide: Allows transfers to and from crypto exchanges, and in some cases even allow you to directly convert crypto into fiat. The average traditional savings account has an annual interest rate of 0.1% to 0.6% annual percentage yield (apy). Until then, this method of earning interest on our cash is still feasible but is more comparable to a bank cd rather than a high interest savings account.