Interest in Wallet app

Discussion in 'Cryptocurrencies' started by momo3HC, Mar 3, 2019.

  1. momo3HC

    momo3HC Trader

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    Hi. Can somebody tell me is there an interest pay to me when i have some bitcoins (in example) into Coinbase’s app called Wallet?
     
  2. Enivid

    Enivid Administrator Staff Member

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    No, there is no interest on cryptocurrency wallets as far as I know.
     
  3. momo3HC

    momo3HC Trader

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    Yep. I`m concluding the same but got to ask. :(
     
  4. Enivid

    Enivid Administrator Staff Member

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    There is no interest yield in wallet apps, but you can still earn interest with your spare cryptocurrency funds. You can invest your cryptocurrencies in margin funding on exchanges that support it, for example Bitfinex and Poliniex. Of course, there are risks with that - exchange getting hacked, exchange going scam, or exchange's margin fail-safe mechanism not working correctly.
     
  5. momo3HC

    momo3HC Trader

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    Thanks. I`ll check this opportunity.
     
  6. 37riched

    37riched Trader

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    I would love to know when there will be a possibility to put that bitcoins into some fixed deposit like in the banks. Do you know any real banks which offers such possibilites. Bitcoin and other cryptos are way too big time on market and still nothing from officials.
     
    momo3HC likes this.
  7. momo3HC

    momo3HC Trader

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    That`s good and interesting question but i`m afraid that`s not possible cuz of the crypto market volatility yet.
     

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