The following is an advertorial article that was not written by Cryptonews.com journalists.
Interest rates in most countries around the world are currently extremely low, in some countries there are even negative interest rates. Global investors are currently looking for ways to earn interest on their holdings and stay one step ahead of inflation.
Recently, Bexplus launched an interest-bearing Bitcoin wallet that allows you to earn passive income by holding Bitcoin. The introduction of this wallet enables users to generate passive income regardless of whether the price of BTC goes up or down. If traders wait for market movement, they can still generate income.
Learn more about the interest-bearing Bitcoin wallet in this guide
1. How does the BTC Interest Wallet from Bexplus work?
The funds in the wallet are offered as professional loans to financial firms that use the funds as market makers and add liquidity to the market. And the interest rates are adjusted at least every 6-12 months. Bexplus will not use the deposits for any other purpose and you can withdraw the money at any time.
2. Is it safe to use the interest-bearing wallet?
- Independence: The wallet and the trading account are separate so that deposits in your wallet are neither influenced by your positions nor are they affected if they are liquidated.
- High security: the platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are processed manually and require multiple employees to coordinate.
3. How is the interest calculated?
Bitcoin in the Savings Wallet is not considered as margin by the system, so even if you have open positions, the equity in your Savings Wallet will not be affected by your orders.
The APY interest wallet from Bexplus outperforms most of its competitors in the industry.
Example: You have deposited 10 BTC and benefit from an annualized interest rate of 21%, then your monthly wallet turnover is (10 * 21% / 365 * 30) = 0.17260273BTC
While some credit platforms require traders to deposit at least 1 BTC, traders at Bexplus can make a deposit from 0.05 BTC. See detailed rules for interest rate wallets.
What is 100x Leverage and how does it work?
Suppose we use 1 BTC to open a long contract when Bitcoin is trading at $ 10,000. With 100x leverage, we can open a position worth 100 BTC with funds borrowed from the trading platform.
A day later, the price of Bitcoin rises to $ 10,500. The profit is (10,500 USD – 10,000 USD) * 100 BTC / 10,500 USD * 100% = 4.76 BTC, which gives the ROI 476%.
With the 100% bonus from Bexplus, our initial investment would be 2 BTC, and our realized profit with those 2 BTC is 9.52 BTC, and the ROI of your deposit will also double to 952%.
When it comes to leverage, it’s important to be vigilant as the returns can be great, but liquidations are easier when the price is going down.
Why choose Bexplus?
Bexplus is a leading crypto derivatives platform that offers 100x leverage in BTC, ETH, EOS, LTC and XRP futures contracts. Bexplus is headquartered in Hong Kong and trusted by over 800,000 dealers around the world including the US, Japan, Korea and Iran. No KYC, no deposit fee, traders can get the most attentive services including 24/7 customer support.
No KYC protocol is strictly followed during any process. Registration only requires email confirmation and only takes a minute. Bexplus provides services to dealers from over 30 countries, including the USA, Japan, Korea and Iran.
To help traders become more familiar with leveraged trading, Bexplus has launched a trading simulator. There are 10 refillable BTC on the demo account so traders can practice as much as they want without taking any risks. You can also learn to analyze the market and use the toolkit with the demo account.
- 24/7 payout and 24/7 customer support
You can submit a withdrawal request at any time. During working hours, you can get your deposits back within 30 minutes. If you have problems using Bexplus, you can contact customer support through various channels such as email and live chat.
What does 100% deposit bonus mean？
The more you deposit, the more bonus you can take! For example, if you deposit 1 BTC, your account balance will be 2 BTC.
Note: The bonus cannot be withdrawn, but traders can use the bonus to open larger positions and possibly increase their profit, and the profit generated can be withdrawn. In addition, when the market is too volatile, the bonus can be used as an increased margin.
If you’ve missed the boat, it’s time to decide if you want to take action and start earning in the cryptocurrency space. To collect more BTC please join Bexplus and claim your bonus!