how you can get up to 17% per annum by storing digital assets

 Earning in cryptocurrency or savings accounts: how you can get up to 17% per annum by storing digital assets

The mainstream has caught the flavor of cryptocurrencies like Bitcoin and Ethereum, but many people are unaware of the passive income that cryptocurrency users receive. While financial operators give people with savings accounts a measly 0.35-0.60%, digital currencies can give people 1-17%, or even more if certain tactics are used.

Cryptocurrency income in excess of a savings account

You may have heard the term “making your money work for you” in the past, and this is what savings accounts do if they generate interest over time. Sure, a person can be a little more risky and invest in stocks and the like, but with a savings account, money just stays in it and generates income for a certain period of time. The more money is kept, the more interest the account will receive, but these days banks don't like to give interest. We can see that some of the top banks in the world will only generate 0.35-0.60% returns in line with the best savings account rates at

Use of Proof-of-Stake tokens, Ethereum 2.0 staking

Individuals looking to generate passive income can also do so using non-custodial platforms and betting concepts. A stake involves the use of Proof of Stake (PoS) cryptoassets, and a person needs a staking wallet to perform this function (verifying transactions) in order to receive a stake. Like a savings account, a bet simply means holding the asset and rewarding coins for the amount the user is holding. The more tokens are held during staking, the more interest the user will have.

Currently, some people are betting on Ethereum (ETH) using the new ETH 2.0 betting feature. However, in order to earn ETH in this non-custodial manner, the user needs a total of 32 ETH to participate. Although a person can earn between 5% and 17% PA. People can also put ETH in custody through exchanges like Kraken and Coinbase. The Coinbase San Francisco exchange gives "a reward of 3 to 7.5% of any ETH you bet on."

Defi apps based on Ethereum, Bitcoin Cash, Polkadot and Tron

Also, apart from betting, people who want to make profitable profits from their cryptoassets can do so using the Decentralized Finance (defi) app. There are many defi applications such as Compound, Aave, Nuo Network, Ddex and Dydx that can offer a person a refund by simply providing liquidity or providing a loan. A significant portion of these non-custodian applications are also providing higher yields for stablecoins these days.