How much can you earn on cryptocurrency deposits?

The popularity of cryptocurrencies is reaching new levels every year, which is why this sector also has scammers. AML verification will help you avoid blocking funds and accounts for free if you suddenly come across "dirty" crypto. One of the fastest-growing segments of the crypto market is cryptocurrency deposits. The attractiveness of crypto deposits is associated with the possibility of passive income and high-interest rates that exceed offers from traditional banks.

Why have cryptocurrency deposits become so popular?

A deposit is one of the most conservative tools for investing funds. You do not need special knowledge or ability to understand the market situation to put money into a bank account. But the main minus surface here is that the return on bank deposits often does not cover inflation. 

The development of digital assets has led to the emergence of a similar tool that allows you to invest in cryptocurrency at interest. Interest rates on crypto deposits are higher than those offered by banks. On crypto platforms, you will find deposit plans with returns that significantly exceed 10%. Such a service is also present on major crypto exchanges, such as WhiteBIT, where you can track cryptocurrencies in real-time always to know the current value.

Note that crypto deposits also have some risks. Like other investments, the volatility factor of the market is at play here. If the price of a digital coin collapses, the investor may suffer losses.

Where to invest cryptocurrency: conditions on WhiteBIT

One of the largest crypto exchanges in Europe - WhiteBIT - offers a profitable alternative to traditional bank deposits. Only in this case, cryptocurrency is used as an asset. You can put cryptocurrency at interest, and the exchange will use it for its purposes, for which it will accrue you a reward according to the terms of the selected deposit plan. The crypto exchange website features programs with various parameters. What to pay attention to:

• Interest rate and deposit term. Remember that the longer the plan is in effect, the more you earn. For example, if you invest Bitcoin at interest, you can get 17.39% per year.

• Type of cryptocurrency. You can open a deposit not only for popular assets like BTC and USDT but also for other projects: EOS, MATIC, NEAR, DOGE, etc.

A cryptocurrency deposit from the WhiteBIT crypto exchange is an excellent solution for investors for several reasons: various tariff plans, a low entry threshold, high returns, and easy implementation. The platform is known for its high level of security and reliability.