Bitcoin Cash Savings Accounts: Earn crypto interest
YouHodler’s list of cryptocurrency interest accounts continues to grow month by month. These are low risk and high yield interest accounts that help our users earn interest in a safe, and stable way. While not as popular as Bitcoin, Bitcoin Cash still has a very loyal following and for that reason, is one of the most popular cryptocurrencies in existence. Here’s some additional information on BCH and how to earn a passive income with crypto.
What is BCH and how to earn interest?
Bitcoin Cash is very similar to Bitcoin and that’s because it’s a Bitcoin fork. On August 1st, 2017, BCH split from Bitcoin and now are entirely separate blockchains. BCH believes that bigger transactions solve the scalability problem found on the BTC blockchain. When more transactions are in a block, transactions are faster. The block size of Bitcoin is 1MB. Since May 15, 2018, the blockchain size of Bitcoin Cash is around 32MB. This is the major difference between the two blockchains.
Aside from that, BCH is very similar to BTC in that you can use it to send and receive funds directly from person-to-person anywhere in the world. It can also be used as a payment method to merchants that accept it and of course, it is a viable investment asset as well. BCHN is prone to high volatility in the past meaning there are plenty of great opportunities to profit.
Bitcoin Cash Savings Accounts; discover a stress-free way to earn interest
If you’re reading this page, the hard work is already done. Now, the next part is just to deposit and starting earning interest on your BCH savings accounts. Still not convinced? Here are a few reasons to earn interest in crypto with YouHodler:
Higher interest rates than the rest: YouHodler’s savings accounts give you instant access to high-interest rates without any “catch.” We don’t require you to lock your funds to get higher interest rates nor do we force you to buy a native token for you to get “bonus” interest rates. What you see is what you get.
Top-level asset security: All assets on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users’ funds. Additionally, all funds are secured by Ledger Vault’s $150 million pooled crime insurance. YouHodler runs regular security audits to make sure our defenses are always up to date.
Weekly interest payments with no fees: At the end of each seven day settlement period, the whole earned amount of your interest is deposited into your savings account. For example, if you deposited BCH on day one, on day seven, you will receive an interest payment in the form of BCH directly to your wallet. You can then choose to withdraw those earnings or keep them in the account so you can earn more interest on top of that interest in the next settlement period.