How to Get The Highest Interest on Your Cryptocurrency?

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Today cryptocurrencies have nearly made it to the mainstream financial sector, with governments and central banks considering their options within the crypto space. The penetration of crypto coins has seen the adoption of cryptocurrencies in several aspects of our lives. 

Similarly, when we use cryptocurrencies the same way as fiat, there is a need to incorporate investment options for these crypto coins. At CoinRabbit, we offer sophisticated investment options for cryptocurrency users to realize high yields on their crypto investments using their new Stablecoin API.  

Several investment options on the CoinRabbit website allow users to benefit from both the Bear and Bull Markets. Recently, the platform introduced an option for crypto enthusiasts to profit from high-interest investments during the bear markets using their stablecoins. 

What are Stablecoins?

Stablecoins are a unique type of cryptocurrency that has been designed to withstand the unwavering crypto market volatility that often affects the value of crypto assets. For instance, if you have 1 BTC today, the value could be fluctuating between $55,000 and $58,000; the change in the value of 1 BTC affects the overall cryptocurrency portfolio. 

During bear markets, the change in value on many investment portfolios is always negative. These adverse changes are often not attractive to crypto investors, and therefore the need to look for proper hedging against deteriorative markets. 

Stablecoins are created to provide crypto investors with the benefits of both fiat and digital assets. Although they are built on a blockchain network and utilize cryptographic technologies, stablecoins have a relatively stable value often pegged to the USD dollar. 

Examples of stablecoins include Tether’s USDT, Binance’s BUSD, and also CoinBase’s USDC. Every single USDT, BUSD, and USDC is valued as one US Dollar. 

Difference Between Stablecoins and Other Cryptocoins

Stablecoins vary from other crypto coins in several ways. For instance, digital assets like Bitcoin and Ethereum are crypto coins with fluctuating values. The value of an ETH coin is determined by the market forces of supply and demand. 

If today, the majority of ETH holders decide to sell their crypto coins, the value of ETH will plummet dramatically. On the other hand, if new cryptocurrency enthusiasts decide to buy more ETH coins on the crypto exchange platforms, the value of ETH will skyrocket due to higher demand. 

The concept applies to nearly all other crypto coins, including BTC, ADA, and DOGE. However, stablecoins are offered differently and are meant to provide stability to the cryptocurrency market. Stablecoins are often used as trading pairs on many crypto exchange platforms like Binance and Coinbase.

Most stablecoins today are offered by exchange platforms; however, the most popular stablecoin, USDT – is offered by Tether Limited, which is not an exchange platform, but also is valued on a 1:1 ratio with the USD dollar. Therefore investors can keep $1000 worth of any stablecoin in their crypto portfolio and be sure that their investment will be worth $1000 regardless of how long they HODL.

Why is the Interest Rate of Stablecoins so Different From Other Coins?

On crypto lending and borrowing platforms like CoinRabbit, there are several investment options available for crypto enthusiasts. As a crypto fanatic, it is often important to put your investments to use and make your money work for you. 

And how do you do that?

Undoubtedly through earning interests on your investments.

CoinRabbit offers higher interest rates for Stablecoin deposits through their Earn feature. However, most investors often ask why stablecoins earn higher interest than other digital assets. Here is the reason.

Unlike conventional banks, crypto is still fairly unregulated, and therefore it allows them to operate on high-interest rates. Most traditional banks are heavily regulated and cannot afford to pay a 8-10% APY offered on CoinRabbit. 

Additionally, stablecoins often receive a higher yield than other cryptocurrencies like BTC and ETH because, unlike these cryptocurrencies, stablecoins have a stable value with no possibility of declining in value due to unprecedented market volatility that can trigger a bear market. 

What are the risks of deposits in altcoins?

There is a wide range of Altcoins today, and some of them are often very volatile, thanks to the market manipulations by crypto whales. Altcoin whales can pump and dump coins since most of these coins are concentrated in a few crypto wallets allowing them to coordinate and influence the market prices in their favor, which often results in high volatility for the Altcoins.

As a result of this volatility, deposits in Altcoins are often riskier and face higher risks due to high volatility, In return, deposits in Altcoins receive less yields compared to interest rates for Stablecoins. 

However, investors don’t need to worry since CoinRabbit platform is designed to take care of its investors. Users will always receive phone alerts warning them about any potential risks as the wallets are constantly monitored for unusual activity. 

Step-to-step guide for Stablecoins deposits at CoinRabbit

CoinRabbit has made it easy for cryptocurrency enthusiasts to invest their stablecoins for higher interest rates. Below is a step-by-step guide to depositing stablecoins on CoinRabbit. 

  1. Navigate to the CoinRabbit’s “Earn” page
  1. Enter the amount of stablecoins you  want to deposit and select the stablecoin type
  1. CoinRabbit offers a limited offer that allows you to earn 8% APY on your investment. Click on “Start Earning Now”
  1. On the “Confirm your Earning Page” and verify your phone number to allow text notifications and tracking of your investments.
  1. You’ll be promoted to deposit your stablecoins, and your investments will start earning interest immediately.

Final Thoughts

Cryptocurrency investments are often riskier than conventional investments, and as a return, they also provide higher interest rates. Investors are advised to do their own research and make sound investment decisions, often advised by certified financial advisors. Stablecoins Earn feature on CoinRabbit provides a unique way to make profits in the cryptocurrency space while avoiding several market dynamics such as volatility.

Author

  • Hi, I'm Diana 🙂 My goal is to break down intricate topics into clear, understandable language, so my readers can easily grasp the transformative power of these technologies. I’m deeply inspired by the potential of Web3 to revolutionize the digital world and bring greater transparency, security, and freedom to the internet.

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Diana Kelley

Hey! I'm Diana, I manage this blog and write articles. I love cryptocurrency and try to stay up-to-date with all the new trends to share the info with my readers in the most simple language.

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