Best Crypto Saving Account - Introduction | Working | Compare | Future

Hey Everyone, welcomes back to My blog Crypto Times and Hopes you Guys are doing Absolutely good. So This article on crypto saving Account.

In Traditional Bank System, We can Deposit and Withdraw Fiat Currency and Earn Interest but they not accepting cryptocurrency. But no one can stop the Growth of crypto. In the crypto world, a new Concept started is the crypto Saving Account. Crypto Saving Account is same as Traditional saving Account but Difference is that crypto saving only accepting cryptocurrency like Bitcoin, Ethereum, etc.

Features of Crypro saving Account

1. Provide Security to your cryptocurrency
2. Provide interest in cryptocurrency
3. Provide loans for crypto

The drawback of a Crypto Saving account

Generally, a traditional bank is insured by the central bank of the country but the crypto bank is not insured by any Central Bank

Top 5 Crypto Bank and Comparision

1. Nexo: It is a European company Founded in 2017 for providing loans on cryptocurrency Currently 1.5 million users.

   Comparison.

   

   APY: 12% on USDT & 8% on BTC

   Rating: 4/5

   Min Deposit: No

   Max Deposit: No

   Available in the USA: yes

2. Block Fi: It is an American company founded in 2017 and provides flat currency on crypto central.

   Comparison

   

   APY: 5% on BTC & 5.25 % on ETH

   Rating: 4/5

   Min Deposit: No

   Max Deposit: 0.5 BTC, No limit on ETH

   Available in the USA: Yes

3. Celsius: It is an American and British collaborative company founded in 2018.

   Comparison

   

   APY: 4.4 % in BTC and 6.25% in ETH

   Rating: 4/5

   Min Deposit: No

   Max Deposit: No

   Available in the USA: yes 

4. Hodlnaut: It is Siganpur based crypto banking and provides interest on five cryptocurrencies.

   Comparison

   

   APY: 6% on BTC and 6.5% on ETH

   Rating: 4/5

   Min Deposit: No

   Max Deposit: No

   Available in the USA:

5. AAVE:

   

   Comparison

   APY: 7.72%

   Rating: 3/5

   Min Deposit: No

   Max Deposit: No

   Available in the USA: Yes

Some Others Crypto Bank: swissborg, youholder, mode, Bitfinix, Nuo, MakerDAO, Ledn, Invictus, Fulcrum, dYdX, Dharma, Compound, Coinbase 

Future of Crypto Saving Bank:

Most of the Crypto Saving Ban is not insured by Any central bank same as Cryptocurrency.  Currently, the trading is more profitable than the Interest on Saving. But it has a wide Future, are they make more protected and secure their System.