Investing in crypto is now one of the best investments choices one can make. The reason why is because crypto coins are proving to be increasingly valuable by the day. Investing in cryptocurrencies also paves the way for you to earn crypto interest from your crypto savings.
There are several crypto coins on the market. It is always challenging to pick the best crypto coin as the market can be volatile sometimes. However, bitcoin and Ethereum have withstood the test of time and often have great returns.
If you’re planning to invest and earn interest on crypto, then you’re in the right place. In this article, we delve into the various modes of buying crypto. We also share tips on how to find the best crypto bitcoin wallet with interest.
Buying Crypto Coins
Buying crypto coins is not as difficult as it was a couple of years ago. These days, there are plenty of exchange accounts and P2P websites that allow people to buy and sell crypto coins. You can also purchase bitcoin from bitcoin ATMs around your city or state.
Exchange websites are always the best option if you’re just getting started with investing in crypto. All you need is to sign up for an account, add a payment option, verify your account, and you’re set. Exchange accounts will charge you a small fee to cater for the transaction.
The other option you have is P2P websites. They work similarly to exchange accounts. However, they do not require account verification. P2P websites are faster and offer privacy as you do not need to register with a real name. You will often come across merchants selling different types of coins on P2P websites.
Crypto Wallets
Owning a crypto wallet is great but owning a high yield crypto savings account is even better. This means that you can earn crypto interest from your stash aside from safely securing your bitcoin or Ethereum coins. These days there are plenty of crypto wallets available.
There are several reasons why you need to have a crypto wallet. First, it ensures that your coins are safe 24/7, 365 days a year. It is not always a good idea to store your coins on exchange websites. Sometimes the websites go bankrupt, meaning that you end up losing your crypto stash, too.
Second, some crypto wallets offer interest on crypto. This means that the crypto wallet service provider provides you a decent interest rate on your crypto savings. More often than not, these types of wallets encourage users to hold their coins and avoid selling them in case they need some quick cash.
Another plus is that you can use your crypto coins as loan security. How does this work? Well, the crypto wallet service provider can provide quick and instant loans in fiat currency while using your crypto saving as security. This means that you will not need to sell your bitcoin or any other altcoin if you need some quick money.