Finance
You Can Earn 6% Interest on Bitcoin. Is It Worth the Risk?
Crypto savings accounts that pay yield to borrow your tokens may sound tempting, but there are no guarantees.
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It’s not just the outlandish returns that some Bitcoiners are bragging about these days. There’s also the yield.
At a time when interest rates on conventional bank deposits are pinned to the floor—often below 0.5%— financial technology companies are offering to pay owners of Bitcoin and other cryptocurrencies annual percentage yields of 2% to 6% and sometimes more. You can deposit your coins with a few taps on one of their smartphone apps.