Hodling Is Not Enough As Bitcoin Reaches All-time High

December 17, 2020 at 12:09 pm

News

Hodling Is Not Enough As Bitcoin Reaches All-time High

Bitcoin conquered its former all-time high and passed $22,000 for the first time in history on Dec 17. While the possibility of Bitcoin reaching $20,000 has been the talk of many investors and analysts, few expect it to happen so soon – Bitcoin gained over 10% within hours on the night of Dec 16.

The recent rally of Bitcoin helps institutional investor MicroStrategy double its holding value, as the company has added Bitcoin into its portfolios in September, when the cryptocurrency was still trading below $11,000.

Some might not have the mood to celebrate the victory of Bitcoin. Barstool Sports founder Dave Portnoy revealed that he sold his $200,000 worth of Bitcoin in August, when 1 Bitcoin was worth $12,000.

Hodlers win this round – but the game continues to go on, and Bitcoin is bound to make more unexpected moves in the future. If you are a hodler, just waiting for the price to increase may not be enough.

Recently, more and more crypto exchanges have presented various financial products with higher stability, and they are well-received by users. It is obvious that many holders are looking for ways to earn greater profits without risk or with little risk.

If you combine Bitcoin with the traditional way of saving money, you will have the answer you are looking for: a BTC interest-bearing wallet.

Bexplus users can now earn up to 30% interest per annum on their Bitcoin holdings through the Bexplus interest wallet. The innovative wallet allows users to earn passive income without worrying about the volatile market.

Bitcoin Interest Wallet: perfect place to park your Bitcoin and earn money

Bitcoin interest wallet has entered the spotlight in the past year. The black swan COVID-19 is a wake-up call for many people to distribute their money in different channels and find more secure income sources. When countries across the world slash interest rates to boost the economy, many people notice that their deposits are actually depreciating.

Like Bitcoin, a hope for investors when other assets decline, the offered interests of many Bitcoin wallets have outrun the rates of return of many assets. When traders are not trading, they can store the BTC in the wallet and earn some passive income.

Some platforms achieve this by lending the deposits to other traders, so the borrowers will have to pay interest. In this case, more often than not, the lent deposits are “locked up”, so the lenders will need to wait for the borrowers to close their positions if they want to take back their deposits. The interest rates vary from platform to platform. For Binance, the estimated annual yield of the BTC deposit is about 1.2%.

Bexplus BTC Wallet – High Liquidity, No Fixed Team, No Admin Fee

Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.

The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.

If you deposit 10 BTC in your wallet, the monthly interest you would receive is (10*30%/365*30)=0.24 BTC. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

Features of Bexplus Wallet

Independence: your funds can be moved into your trading account whenever you need them. And the wallet is independent of the trading account, so the deposits would not be used as margin, nor would it be influenced if your positions got liquidated. Furthermore, the deposits in your wallet will not be used by Bexplus for other purposes, so your deposits will not be “locked up.”

High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.

No Penalties for Early Withdrawal: withdrawal requests will be processed within 1 day with no penalties for early withdrawal. If you withdraw your deposit on the tenth day of the month, you can still receive the interests generated within this period.

No KYC Requirements: all registrations on Bexplus are done via email verification. You don’t have to worry about getting your information leaked. You can start trading within a few minutes and the transaction between the trading account and wallet is instant.

With the Bexplus interest wallet, investing in Bitcoin will no longer be a “go big or go home” game. Rather, it is a safe-haven for you to hedge the risk of volatile markets while growing your wealth.