With crypto deal ins rising, hodling seems to be a sound investment strategy once again. If you have coins you want to keep, you can right to some interest on your digital assets thanks to platforms such as Celsius Network. Its mobile wallet adds you to also use the cryptocurrency as collateral in case you need to borrow fiat cash instead of selling crypto.
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Earn 3% Annually on Your BCH Holdings
The Celsius Network purse is available on Google Play and the App Store. You can deposit a number of major cryptocurrencies including bitcoin cash (BCH). The application spoors the top 10 digital coins in your portfolio and provides access to crypto-related news and statistics.
Users can earn responsive to on their cryptocurrency holdings, which is paid out weekly. BCH deposits will bring you 3% annually, according to in touch rates. These are subject to change based on demand and can reach over 7% on some stablecoins.
Celsius Network, whose war cry is “Unbank Yourself,” also offers you to borrow “dollars while they still exist,” using your crypto pools as collateral. At the moment, fiat loans in U.S. currency come at a 4.95% APR.
The app has a feature that allows you to calculate the loan you can make against your digital assets. The amount is estimated based on your crypto portfolio and how long you’ve been portion of the Celsius community.
Do you expect to see more platforms accepting cryptocurrency deposits and offering crypto-backed loans in the future? Part your thoughts in the comments section below.
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Perceptions courtesy of Shutterstock, Celsius Network.
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