Ethereum (ETH) is the latest addition to YouHodler’s ever-expanding cryptocurrency savings account collection. Users who deposit ETH will earn 4.5% APR on ETH featuring monthly payouts. In addition, users can take advantage of other savings account enhancement features such as MultiHODL.
As the second most popular cryptocurrency by market cap, Etherem’s ETH token is widely regarded as a top option to have in a crypto portfolio. However, much like many of the other top coins/tokens, ETH is susceptible to volatility in both directions. Stable assets are the cornerstone of any portfolio which is why crypto savings accounts are seeing a rise in popularity. With an ETH savings account on YouHodler, users earn crypto every month (4.5% guaranteed) which will help them offset some of their losses from market volatility.
Speaking of passive income, ETH HODLers can start passively earning on their ETH deposits right now instead of waiting further for ETH Staking coming in Q2 of 2020. Then, when that day eventually comes, you’ll have multiple avenues of passive income via ETH (YouHodler and Ethereum).
To earn ETH on YouHodler, just follow these three simple steps:
Step 1: Deposit ETH or fiat
After signing up and verifying your ID, deposit ETH to your personal ETH savings account. If you do not have ETH yet, you can deposit USD, EUR, CHF or GBP to the platform and use that to buy ETH as well.
Step 2: Earn crypto interest
Once ETH enters the savings account, the first monthly payment period initiates.
Step 3: Watch your ETH grow.
Monitor your ETH’s growth on a daily basis by checking the "Earned" counter. At the end of each month, the earned amount will be deposited into your Savings Account.
For those that have followed YouHodler, then you already know we’re huge fans of the Barbell Strategy. This investment strategy suggests keeping the majority of your funds in safe assets while taking a smaller portion to use for riskier and potentially profitable investments.
Let’s use ETH savings accounts as an example. While the bulk of ETH is earning 4.5% per year in a savings account, users could take a portion of that savings account or wallet to use in MultiHODL and multiply their ETH up to x6.51 (or 391.45%). Of course, this all depends on market conditions and how much risk/profit the user chooses. In addition, the user can benefit from both bullish and bearish markets using the “up” and “down” buttons on MultiHODL, opening up new avenues of profit.
A RISK-FREE AND HIGH YIELD TOOL TO STORE YOUR ETH