Earn interest on deposits: Passive income

Depositing cryptocurrency into a specific platform or exchange to earn interest returns is a passive income method that has become increasingly popular in recent years. This is similar to traditional bank interest on deposits, but often provides a much higher rate of return than traditional banks.

advantage

Passive income: Investors do not need to actively trade or manage assets. They only need to deposit their coins on the designated platform to receive regular interest.

Simple operation: Compared with active operations in the trading market, the process of depositing coins and collecting interest is simple and clear, and is suitable for investors who do not like frequent operations.

Relatively low risk: Compared with the high volatility of the trading market, earning interest on deposits provides a lower-risk investment option.

risk

Platform security: Investors need to trust the platform on which their cryptocurrency is stored. If the platform is attacked or mismanaged, stored assets may be lost.

Cryptocurrency Price Volatility: Even if earnings are stable, price fluctuations in the cryptocurrency itself can still affect final returns.

Liquidity issues: Some platforms may require longer deposit periods, which may affect the liquidity of funds.

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