Earn interest on your crypto with StormGain
There's now an additional way to earn on StormGain, thanks to the introduction of the platform’s new ‘Earn Interest’ feature. Now, StormGain users can earn passive income from their holdings in StormGain wallets at a competitive 3-8% APY. Earning passive income has become even easier, all without even leaving the platform, thanks to StormGain’s trusted partner Nexo.
Make your wallet work for profit
One popular crypto trading strategy is simply to buy and hodl, keeping the cryptocurrency in the wallet over the long term and waiting for the right time to sell. The problem is that until that time comes, the currency in the wallet is just 'dead weight'. Even hodling can be risky, as the crypto can become devalued in a bear market. As a result, the overly cautious hodler can still lose out on their investment.
The old-school way of making extra money from savings would be using a bank savings account, but banks' interest rates are now so low (up to 1%) as to make banking completely non-viable for saving. However, StormGain users now have an effective way to earn money from the crypto that they are already saving in their wallet.
StormGain crypto interest rates and conditions
StormGain clients will be able to earn interest on their crypto assets for 8% APY in the case of stablecoins or 3-4% for all other available crypto assets.
To start earning interest on crypto, users should check out the "Earn" section within the StormGain app. It contains links for the Miner and Earn Interest features. Selecting the 'Earn Interest' button will present all the available cryptocurrencies and their APY %.
One important thing to note is that, with StormGain's 'Earn Interest' feature, there is no mandatory lock period unlike many other crypto interest schemes where the cryptocurrency is locked (i.e. cannot be withdrawn for a period, typically 30, 60 or 90 days). With StormGain, users can withdraw at any time and without any penalty. StormGain users will earn interest on a daily basis, so any interest made right up until the day of withdrawal is kept.
Join StormGain to get the most profit from your crypto
StormGain is a user-friendly, all-in-one cryptocurrency platform designed for beginners and experts alike. The new option joins the list of amazing perks for StormGain users, along with the Bitcoin cloud miner, profit-sharing trade model and low commissions. Not a StormGain user yet? Sign up in just a few seconds to start trading for profit and earning interest!