Bitcoin Cash (BCH) isn’t just a cryptocurrency; it’s a convenient way for users to invest, save, and grow their Bitcoin Cash assets. If you’re looking to invest in BCH and get passive income, the EMCD Coinhold savings wallet is the optimal solution. With up to 8% APY, minimal hassle, and maximum convenience, let’s explore how it works and why Bitcoin Cash savings accounts are better than other investment methods.
What’s Bitcoin Cash and Why is It a Promising Asset?
Let’s dive into the BCH nature to learn how to earn interest on Bitcoin Cash successfully.
Bitcoin Cash emerged in 2017 as a Bitcoin hard fork. Its main goal is to make transactions faster and cheaper. While Bitcoin faces scalability challenges, BCH addresses this issue by increasing block size.
Today, BCH is widely used on exchanges, payment systems, and investments. This asset consistently holds a spot among the largest cryptocurrencies and is ideal for a person looking to earn interest on Bitcoin Cash and generate passive income.
APY and Your Benefit
Coinhold uses APY – Annual Percentage Yield – an annual interest rate that accounts for compound interest. Unlike a fixed rate, APY allows you to gain more from your investments since the interest on Bitcoin Cash is accrued not only on the initial deposit but also on the income already generated in cryptocurrency.
In other words, if you deposit BCH into a Bitcoin Cash savings interest account, your coins will start working for you, earning investment income daily. The longer you hold your assets in the wallet, the greater your returns will be. With EMCD Coinhold, you can earn interest on your Bitcoin Cash effortlessly.
How a Savings Wallet Differs from Staking and Yield Farming
Сan you earn interest on Bitcoin Cash? Here are the basics that you need to know about the best and safest strategies. There are three safe options to earn interest on BCH while getting the highest interest rates: coinhold, staking, and yield farming. Let’s find out the difference between them.
You’ve probably heard of staking and yield farming, which also promise returns on cryptocurrencies. However, EMCD Bitcoin Cash deposit interest account can be your best way to grow your income with the following advantages:
- Simplicity: There’s no need to deal with complex schemes, lock your funds, or search for new crypto projects. All you have to do is transfer BCH to your wallet
- Flexibility: You can choose an option that suits you – a fixed or flexible investment wallet – and withdraw funds if necessary
- Low Risk: You don’t need to manage digital assets or take risks on exchanges, making Coinhold a more stable and secure way to invest
Bitcoin Cash staking involves locking up coins to support the network on Proof-of-Stake – PoS – blockchains. However, BCH doesn’t offer this feature as it uses the Proof-of-Work mechanism.
Yield Farming is a high-risk decentralized finance strategy that requires actively transferring funds and having a deep understanding of the market.
How the Savings Wallet Works
The EMCD Coinhold savings wallet for Bitcoin Cash comes in two types:
Fixed Wallet:
- No partial closures or early withdrawals
- Offers an 8% APY for Bitcoin Cash
Flexible Wallet:
- Allows early closure and partial withdrawals
- Offers a 6% APY
Interest is paid every 30 days from the date the Coinhold account is opened.
The most profitable option for gaining interest on your Bitcoin Cash is the fixed savings wallet for 360 days with an 8% APY, maximizing your returns.
Now you know how to start earning interest on Bitcoin Cash. Register your Bitcoin Cash interest account today to invest in your future. Fund it and seize the opportunity to begin generating passive income with EMCD.
