Does money grows on trees?
That might not be true years back, but now with the emergent of cryptocurrencies and crypto banks, it is POSSIBLE! 

Let me teach you how you can build your Crypto Money Tree and start earning money daily. 

Before I go into the details, here is a summary of how to do it:
1) Buy stable coins (USDC, USDT, etc) 
2) Transfer them to your Nexo Wallet (crypto savings account) 
3) Earn 8% APY interest on your stable coins, paid out daily 

What is a stablecoin?
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Why stablecoin?
You might be thinking why stablecoin and not bitcoin or other coins? The reason is that stablecoin is stable and low risk. It's possible to earn interest with other coins too but they are very volatile and you need skills and knowledge to know when is a good time to trade. For the sake of the majority, I would recommend using stablecoins. 

Interest on Stablecoins
Buying and holding BTC or other cryptocurrencies has made a lot of people very wealthy. But when you hold, your money isn’t necessarily doing anything…it’s just sitting there. But thanks to some innovative new peer-to-peer lending companies, it is now possible to earn compound interest on crypto holdings, comparable to the rates savings accounts used to pay.

Companies like BlockFi, Celsius Network, Nexo and more have pioneered a new way to offer excellent interest rates with crypto savings accounts, as well as other financial services like loans. By storing your funds with these companies, who then lend it out to other users, customers can earn rates like 3–6% for BTC, while certain stablecoins like USDC can get you an APY as high as 8% or more. Pretty amazing compared to the pitiful rates offered by traditional banks these days.

Bank Savings Account VS Crypto Savings Account
A normal bank savings account can give you an average interest rate 0.04% APY and they are normally paid out monthly or yearly. In the meantime, crypto savings account can give you up to 12% APY that is paid out monthly, weekly or even daily!  Do you see how great the benefit it is here? Why don't we move all our savings into a crypto savings account?

Nexo Crypto Saving Account
To build our Money Tree, we need a crypto savings account and I recommend using Nexo. You can register here: https://nexo.io. The reason I recommend Nexo is because they offer high rates, daily payouts and they are insured and secured.

The main benefits of Nexo’s “Earn Interest”:

1. High-yield savings with a compounding interest rate of up to 12%
2. A unique daily payout
3. Full flexibility: use or withdraw funds at any time
4. #ZeroFees — No fees, no minimum contribution requirements

Build your Crypto Money Tree 

STEP 1: Buy stablecoins

If you are from Europe, Australia, Indonesia, Malaysia, Nigeria, Singapore, South Africa, Uganda or Zambia, I would recommend you to use Luno Exchange to purchase your stablecoin. And when you register for the Exchange, you can use my invite code 2ZYNH6 to get free Bitcoin for both you and me. Note: If you do not use a invite code to sign up for Luno you will not get any free Bitcoin.

If you are not from the above mentioned countries, I would recommend you to register and buy stablecoins on Binance. You can use my referral link to sign up: https://accounts.binance.cc/en/register?ref=85841248 

When you are done registering, you can purchase stablecoins like USDC or USDT. I would recommend either these two because they are the top 10 cryptocurrency with large market cap. In case your country does not support you purchasing stablecoin especially on Luno, you may purchase Litecoin (LTC), send them over to your Nexo wallet and exchange them to a stablecoin with Nexo Exchange. The advantages of purchasing LTC over other coins is they are low cost and transfer fast. 

In order to transfer your crypto assets to your Nexo account please follow the steps below:

1. Log in to your Nexo wallet/account.
2. Scroll to the bottom of the page where all supported cryptocurrencies are displayed.
3. Click on the "Top Up" button next to the cryptocurrency you want to deposit.
4. Copy your private "deposit address".
5. Paste it in the "sent to/withdraw address" field on the platform/wallet you are using to transfer your funds to us.
6. You will see your crypto deposit in your Nexo wallet/account as soon as the necessary amount of network confirmations is reached.

STEP 2: Transfer stablecoins to your Nexo Wallet

1. Log in to your secure Nexo account.
2. Transfer assets into your Nexo Wallet
3. Earn! You will start earning compounding interest after a minimum of 24 hours of your transfer. All interest is paid out daily.

Your interest is automatically paid into your Savings Wallet so that next day you begin earning interest on it too.

STEP 3: Earn 8% APY interest on your stable coins, paid out daily 

Your interest rate is determined by:

1. Your Loyalty tier.
2. The type of interest payout.

- if the interest earned is paid in kind (the same cryptocurrency), then there is no additional bonus

- if the interest earned is paid in NEXO Tokens, then you receive a +2% bonus on interest on all your holdings

For our case using stablecoin without any loyalty tier and choosing to earn in kind, we will get 8% APY.

How is your interest calculated?

Your interest is credited into your Savings Wallet daily and is then calculated in your upcoming interest transactions.

Daily Interest = Principal amount (in original cryptocurrency) x (APY/365)

Example:

Let us say you deposited 1,000USDC (which is equivalent to 1,000USD). 

The daily interest you will get is 

Day 1 Interest
1,000 x 8/365 = $0.2108743 (0.21USD)

That means you get $0.21USD for free, everyday without doing anything. Well, not anything but you did spend some time buying the coin and transferring them over. That might not seem much, but do not forget that compound interest is working too. Let me illustrate that to you by showing you how day 2 interest works.

Day 2 Interest 
1,000.2108743 x 8/365 = $0.2192243 (0.22 USD)

Did you understood that? The interest you earned on the first day will be added to your initial deposit and interest will be calculated from that added amount. That is the magic and power of Compound Interest. Now let us see how much you can with just an initial deposit of 1,000USD in 1 month, 6 month, 1 year, 3 year and 5 year.

1 Month Interest 
Total Interest Earned: $6.69
Interest + Initial Deposit: $1,006.69

6 Month Interest 
Total Interest Earned: $40.81
Interest + Initial Deposit: $1,040.81

1 Year Interest
Total Interest Earned: $83.28
Interest + Initial Deposit: $1,083.28

3 Year Interest 
Total Interest Earned: $271.22
Interest + Initial Deposit: $1,271.22

5 Year Interest 
Total Interest Earned: $491.76
Interest + Initial Deposit: $1,491.76

Now ain't that amazing? But this is only based upon an initial investment of $1000, now imagine if you do a regular deposit, the compound interest will be even greater on that. You can use this calculator to get an idea: Compound Interest Calculator 

Risk

When considering leaving your crypto in Nexo, there are multiple risks you should be aware of.

1. Risk of default - inherently on the user's side
2. Currency Risk
3. Special Nexo Situation: Interest Rate Risk - which leads to higher default risk
4. If scale large enough, a large decrease in crypto could tickle an avalanche effect in the smart contracts and depress market prices even further.

Conclusion

Crypto Currency is a diamond in today's world in which everyone should invest because this is the future. But only buying coins and then waiting for their price to go high is not enough. So, a smart decision is to invest in crypto currency using interest based account so that you can keep on growing your crypto currency. The best way to do that is to create luno/binance and nexo accounts. Risk are very low in them and they are great way to grow your wealth.