Best Crypto Saving Account - Introduction | Working | Compare | Future

By Kailash Mina | The Crypto Time | 13 May 2021


Hey Everyone, welcomes back to My blog Crypto Times and Hopes you Guys are doing Absolutely good. So This article on crypto saving Account.


In Traditional Bank System, We can Deposit and Withdraw Fiat Currency and Earn Interest but they not accepting cryptocurrency. But no one can stop the Growth of crypto. In the crypto world, a new Concept started is the crypto Saving Account. Crypto Saving Account is same as Traditional saving Account but Difference is that crypto saving only accepting cryptocurrency like Bitcoin, Ethereum, etc.
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Features of Crypro saving Account

  1. Provide Security to your cryptocurrency
  2. Provide interest in cryptocurrency
  3. Provide loans for crypto

The drawback of a Crypto Saving account
Generally, a traditional bank is insured by the central bank of the country but the crypto bank is not insured by any Central Bank


Top 5 Crypto Bank and Comparision

  1. Nexo: It is a European company Founded in 2017 for providing loans on cryptocurrency Currently 1.5 million users.
    Comparison.
    f9420c72f24c31191475fb08c1f1892aa9705eed3785547414399425782995ef.png
    APY: 12% on USDT & 8% on BTC
    Rating: 4/5
    Min Deposit: No
    Max Deposit: No
    Available in the USA: yes
  2. Block Fi: It is an American company founded in 2017 and provides flat currency on crypto central.
    Comparison
    b29d5c5209e254b0e17d7438934a4b9d2e3a5d2f0c3ea443b499dfe3c6cf17dc.png
    APY: 5% on BTC & 5.25 % on ETH
    Rating: 4/5
    Min Deposit: No
    Max Deposit: 0.5 BTC, No limit on ETH
    Available in the USA: Yes
  3. Celsius: It is an American and British collaborative company founded in 2018.
    Comparison
    7be43e6217c785bf6e83cfd2e736735ead8e41f464c42f8d679fb79b6b119b47.png
    APY: 6.2 % in BTC and 5.05% in ETH
    Rating: 4/5
    Min Deposit: No
    Max Deposit: No
    Available in the USA: yes 
  4. Hodlnaut: It is Siganpur based crypto banking and provides interest on five cryptocurrencies.
    Comparison
    13d1d209562f224949b172990b8f686bff603bdc0be06f8dceafdf22f3caed51.png
    APY: 6.2% on BTC and 6.5% on ETH
    Rating: 4/5
    Min Deposit: No
    Max Deposit: No
    Available in the USA: Yes
  5. AAVE:
    4b86861d294b7cfad56230e5dc7658b057d5d899e860787ddeadd47118c62aed.jpg

    Comparison
    APY: 7.72%
    Rating: 3/5
    Min Deposit: No
    Max Deposit: No
    Available in the USA: Yes

Some Others Crypto Bank: swissborg, youholder, mode, Bitfinix, Nuo, MakerDAO, Ledn, Invictus, Fulcrum, dYdX, Dharma, Compound, Coinbase 


Future of Crypto Saving Bank:
Most of the Crypto Saving Ban is not insured by Any central bank same as Cryptocurrency.  Currently, the trading is more profitable than the Interest on Saving. But it has a wide Future, are they make more protected and secure their System.


 

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Kailash Mina
Kailash Mina

YouTuber, Artist, Student https://linktr.ee/kailashkumar


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