Earn Bitcoin Interest: How Does Hodlnaut Interest Account Work?
The cryptocurrency landscape is evolving and growing as we speak. The HODL strategy, where people buy-and-hold their crypto, doesn’t quite suffice anymore. Nowadays, people want to earn bitcoin interest at favorable rates. 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 Crypto Interest Account.
Earn Bitcoin Interest with Hodlnaut Interest Account
What is a Hodlnaut Interest Account? It is a custodial account where you can earn favorable crypto interest rates based on the amount you deposit in Hodlnaut. Individuals and corporates that have cryptocurrencies such as Bitcoin can sign up in our platform and begin depositing to earn bitcoin interest in no time. Any crypto assets that you deposit into the Interest Account will start earning interest at a compounded rate. At Hodlnaut, our tiered interest rates can be viewed here.
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 calculated daily and will be paid out in-kind every Monday 5 PM (GMT +8). 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 July 1st, 2021, then at the end of the month, you’ll have an updated balance of 1.0060139 BTC based on our 7.46% annual rate. This will repeat 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 1.0746018 BTC over 12 months. If you would like to know more about the interest calculations, check our guide: How are interest rates calculated at Hodlnaut.
Many people ask us how we manage 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).
Perks of Hodlnaut Interest Account
Grow your crypto assets without trading: If you wish to grow your crypto assets without the risk of trading, then Hodlnaut Interest Account is a great option. Create a passive income source by HODL-ing your crypto with us and get higher interest rates than traditional investment options.
Earn compounded interest: Make the most of your cryptocurrencies by earning interest that is calculated daily and credited weekly. Access your account anytime, anywhere, and grow your crypto assets.
Robust security: Hodlnaut uses Fireblock’s leading private key security (MPC-CMP) and hardware isolation technology (SGX) to protect against cyber-attacks, internal collusion, and human error. You can rest assured that your deposited crypto is safe with Hodlnaut.
Sign Up for a Hodlnaut Interest Account
In your account dashboard, navigate to the My Account tab to see the available deposit types (BTC, ETH, USDC, USDT, DAI or WBTC) and the amount deposited. From the Deposit/Withdrawal tab, you can deposit or withdraw the crypto. You can also track your monthly interest rate, accumulated balance, and interest earned on the Statements tab. For more information, check out this Hodlnaut Account User Guide.
As a perk of being our valued customer and if you have successfully passed our KYC (Know-Your-Customer) process, you can join our Affiliate Program where you can invite a friend to join Hodlnaut and earn 10% of your friend’s interest.
Sign up for an Interest 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@example.com, and we will be in touch right away.