The primary advantage of staking is that you earn more cryptocurrency, and interest rates can be very high. In some cases, you may be able to earn more than 10% or 20% per year. It has the potential to be a highly profitable way to invest your money. If you're going to keep your money invested for a long time, you might as well put it to work during that time. The key to successful staking, however, is selecting the appropriate cryptocurrencies, such as Bitcoin or Ethereum.
AQRU ( REF:XS7Z1H ) is a straightforward app that allows you to purchase, invest in, and earn interest on your Crypto assets. Your annual interest is calculated daily and paid to the second. Earn up to 12% interest on Crypto that you buy, hold, or transfer. Their APY is higher than BlockFi and flat – there are no tiers, the highest BlockFi interest requires holding $40,000 or more on the platform, as does Crypto.com. They are well-suited to beginner investors who want to earn high interest on crypto without the requirement to deposit large amounts.
Aqru holds your funds in a combination of stable coins – Tether (USDT), USD Coin (USDC), and DAI, digital assets that are pegged to the value of the US dollar and are not volatile like Bitcoin and Ethereum. That steady 12% is better suited to risk-averse investors.
Those of us with a high risk/reward tolerance who hold BTC and ETH can potentially profit from both the 7% interest rate and the rising value of those cryptos over time – Since its inception over a decade ago, the price of bitcoin has risen from less than $2 to an all-time high of $69,000. In addition, Ethereum has outperformed BTC returns over the last two years. However, market crashes do occur – Bitcoin opened 2022 at a price of $46,000. Holding your coins in a cold storage crypto savings account, on the other hand, prevents you from panic selling them or being chopped up while trying to trade market swings.
To begin earning interest on cryptocurrency, follow these steps:
Enter your email address and a secure password of at least 10 characters, including upper and lowercase letters and numbers. Verify your email, select a currency and enter the platform – your free $10 will be credited to your balance instantly and you will begin earning interest in real-time. Buy crypto investments with fiat on the platform and receive a free $75 bonus for deposits of $500 or more. Alternatively, you can purchase cryptocurrency on a third-party cryptocurrency platform such as eToro and transfer it to your Aqru account.
To withdraw funds from your investment, you'll need to verify your identity by uploading ID documents in order to comply with KYC (know your customer) regulations, which is standard on licenced platforms.
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