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Interest rates in most countries throughout the world are currently extremely low, with some countries even having negative interest rates. Global investors are currently looking for ways to earn interest on their holdings and stay ahead of inflation.
Recently, Bexplus launched a BTC interest-bearing wallet, allowing you how to earn passive income by holding BTC. The launch of this wallet allows users to earn passive income regardless of whether BTC’s price is going up or down. When traders are waiting for market movements, they can still earn income.
Learn More About the BTC Interest-Bearing Wallet In This Guide
How Does Bexplus’ BTC Interest Wallet Work?
The funds in the wallet will be offered as a professional loan to financial firms that will use the funds as market makers and add liquidity to the market. And the interest rates are adjusted at least once every 6-12 months. Bexplus will not use the deposits for other purposes and you can withdraw the funds at any time you want.
Is it Safe to Use the Interest-bearing Wallet?
- Relative independence: The wallet and the trading account are separate, so deposits in your wallet aren’t influenced by your positions, nor are they affected if they are liquidated.
- High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.
How is the Interest Calculated?
BTC in the Savings Wallet will not be considered as margin by the system, so even when you have open positions, the equity in your Saving Wallet will not be affected by your orders.
Bexplus’ interest wallet APY surpasses most competitors in the industry.
Example: You deposited 10 BTC and enjoy an annualized interest rate of 21%, then your monthly wallet revenue is (10*21%/365*30)=0.17260273BTC
While some lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus. View detailed interest wallet rules.
What is 100x Leverage and How Does it Work?
Assume we use 1 BTC to open a long contract when BTC is trading at $10,000. With 100x leverage, we can open a position worth 100 BTC using funds borrowed from the trading platform.
One day later, the price of BTC increases to $10,500. The profit will be ($10,500 – $10,000) * 100 BTC/$10,500 *100% = 4.76 BTC, making the ROI 476%.
Now, with Bexplus’ 100% bonus, our initial investment would be 2 BTC, and our realized profit made with these 2 BTC will be 9.52 BTC, and the ROI on your deposit will also double to 952%.
With leverage, it’s important to be vigilant, as returns can be outstanding, but liquidations are easier if the price moves down.
Why Choose Bexplus?
Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
No KYC protocol is strictly carried out throughout every process. Registration only requires email confirmation and only takes a minute. Bexplus provides services to traders from 30+ countries, including the USA, Japan, Korea, and Iran.
Demo Account With 10 BTC
To help traders better familiarize themselves with leveraged trading, Bexplus has launched a trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the toolkit with the demo account.
24/7 withdrawal and 24/7 customer support
You can submit a withdrawal request anytime you want. You can have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems when using Bexplus, you can contact customer support via different channels, such as e-mail and live chat.
What Does Doubling Deposits Mean?
Notice: Bonus is not withdrawable, but traders can open larger positions with the bonus and potentially increase their profit, and generated profit can be withdrawn. In addition, if the market is too volatile, the bonus can be used as an increased margin.If you missed the boat before it’s time to decide whether you want to take action and start earning in the cryptocurrency space. To accumulate more BTC, please join Bexplus and claim your Bonus!
The post How to Earn Passive Income with BTC? Interest Wallet Is A Good Choice appeared first on BeInCrypto.