Bitcoin Savings Account | +Bitcoin

Fortunately there are ways to do it. As with everything, there are pros and cons to any of the options listed here. Trusting your coins to one of these services will generally involve a certain degree of risk — the same risk as you take when you make a deposit to a bank, which could lose your money through, for example, exposure to irresponsible sub-prime lending.

You should take the time to research these services yourself, in order to understand and evaluate these risks properly.

Bankroll a Service FreeBitco. If memory serves, they were one of the first sites that I used when I first got into Bitcoin myself. This is when a trader seeks to increase their potential profit or loss by borrowing additional coins.

How it works

Using a leverage of Because the loans are usually very short-term — often just a few days and sometimes less than 24 hours — lenders also enjoy a high rate of compounding. Bsave Bsave is another savings platform. You can directly link your Coinbase wallet and then it takes just a few seconds to transfer your bitcoins from your Coinbase deposit wallet to your saving account.

You will immediately begin to receive daily interest payments on your savings. You can withdraw your funds at any time with no financial penalties. The interest rate fluctuates daily. The Minimum balance must be greater than 0. Although the service looks very nice, it is not much known about where the money for interest comes from, and that is why we suggest you stay cautious with this service. Unofficially, they are generating income by margin lending to bitcoin traders.

We added our funds, we get paid interest daily, and we also withdraw funds without any problem. Bitbank Bitbankanother Chinese company, offers an on-line wallet that pays interest on your bitcoins on a daily basis. The company generates income by purchasing mining machines to mine BTC.

Hard forking for a hard problem

They are linked to a major Chinese bitcoin online exchange CHBTC and they share all information about their business publicly. Please note that some users report trouble confirming their phone number, sometimes you have to contact their support to do that if you live outside of China. They offer an bitcoin wallet with interest on your deposits.

Any deposit earns some interest, but the real profit of 5.