1) Compare Interest Rates
Not all crypto banking systems are created equal when it comes to the annual percentage yield (APY) they offer. Before you commit, compare interest rates across different platforms and choose the one that’s right for you.
Vauld, for example, offers 4.6% — 6.7% APY on Bitcoin and upwards of 12.68% APY on other tokens.
2) Choose A Crypto Account That Accepts Your Tokens
As you shop for a place to earn interest on crypto, be sure to pay attention to the tokens they accept. If you’re holding Bitcoin, you don’t want to sign up for an account that only accepts Ether.
Most crypto banks support a variety of currencies, but some support more than others.
Vauld, for example, accepts over 30 different cryptos so you can maximize your coverage, diversify into different areas, and get the most return on your investment.
3) Check The Minimum And Maximum Deposit Limits
Some crypto banks set limits on the minimum and maximum amount of cryptocurrency you can deposit.
Vauld, on the other hand, does not set a limit on what you can deposit. For those just getting started, Vauld accepts transactions as small as one dollar’s worth of crypto. For those with more crypto in their portfolio, Vauld accepts large deposits of any size, without limit.
4) Factor In Deposit Fees
Most crypto banks charge a deposit fee every time you put crypto in your account. That cuts into the total interest you earn and can be a major speed bump toward achieving real profits.
We know that charging deposit fees is like pulling the rug out from underneath someone before they even get on their feet. You’ll never have to “pay to play” when you earn interest on crypto with Vauld.
5) Avoid Staking And Minimum Lock Up Times
Something else to watch for: staking and minimum lock up times. Some crypto banks may require you to leave your crypto on deposit for a certain amount of time (e.g., one month, six months, 12 months) before they’ll start paying interest.
Not Vauld. We understand that flexibility and accessibility are the heart and soul of the crypto market and that you want to be able to borrow and trade off your digital currency at all times. That’s why Vauld doesn’t make you agree to leave your crypto in place, demand a Proof of Stake or a Proof of Work, or set minimum lock up times before you can start accruing interest.
Of course, you’ll earn more interest the longer you leave your crypto on deposit, but we give you the freedom and flexibility to deposit and withdraw at any time.
6) Prioritize Security
When shopping for a crypto bank, always prioritize security. Less secure sites put your investment at risk and all but negate any benefits you could gain from higher interest rates.
Vauld, for example, offers multiple layers of security, including our new Safelisting option, which automatically limits token withdrawals to addresses that you manually designate as safe.
This prevents a third-party attacker from being able to withdraw your funds to an external address or account that you did not previously authorize.
7) Go Where The VCs Are
One surefire way to maximize your crypto profits is to go where the venture capital (VC) is. When you do, you know you’re getting involved with a solid company built on a firm financial base.
Vauld recently raised $25 million in Series A funding led by Valar Ventures — a VC firm founded by Andrew McCormack, Peter Thiel, and James Fitzgerald — and including other notable investors such as Pantera Capital, Coinbase Ventures, CMT Digital, and Cadenza Capital.
Earn Interest On Crypto With Vauld
Vauld is a global digital crypto platform that offers the industry’s highest interest rates on major cryptocurrencies, including:
- BTC
- ETH
- XRP
- DAI
- TUSD
- And many more…
We calculate interest daily and distribute these profits to your account every week, where you can withdraw any amount at any time (while you continue to earn interest on the balance).
Want to earn even higher interest rates? Opt for a fixed deposit of at least one month and earn up to 3% more per year over our basic savings rate.
Vauld even lets you borrow against the value of your tokens and trade your crypto with ease.
In addition to facilitating your core crypto needs (owning, lending, borrowing, trading, and spending), we adhere to strong values.
As a Vauld customer, you’ll enjoy:
- Our customer-first attitude
- Extremely competitive rates
- Seamless product experience
- Transparent business practices
- Continuous upgrades
- Adaptability to customer needs
Don’t let your crypto just sit there. Start building wealth right now. Visit Vauld.com to learn more and see how you can earn interest on crypto from the very first deposit.
Check out VAULD here : Vauld.com
