Earn Bitcoin Interest
Make your Bitcoin work for you and earn up to 7.20% crypto interest per year on your satoshis
What is Bitcoin?
Bitcoin was created by Satoshi Nakamoto and launched in 2009. It is the most valuable of all cryptocurrencies in existence due to being first of its kind, having the longest running digital public ledger and possessing unparalleled security of its blockchain.
Bitcoin can be sent anywhere in the world and it does not depend on a centralized entity in order to process the transaction. Depending on the network congestion, the transaction fees can be as little as a couple of cents per transfer. Each coin is divisible by 100,000,000 and the smallest unit of Bitcoin is called a satoshi, or simply, a sat.
Bitcoin addresses are used to send and receive coins. They are case-sensitive and consist of randomly generated letters and numbers. Bitcoin addresses are anonymous, meaning that inherently, they do not possess personal information of the holder (like bank account details would), however, it is possible to link real life identity to a specific Bitcoin address.
One of the reasons for Bitcoin being one of the most secure blockchains is down to its consensus mechanism and how transactions are processed. When a transaction is initiated, it needs to be included in a block (simply put, a long list) of transactions in order to be confirmed and verified. Bitcoin miners use specialized equipment and computational power to solve a complex algorithmic problem in order to mine each block and include the Bitcoin transaction in that block.
What is Earn Bitcoin Interest?
Lendingblock’s Earn allows you to earn interest on your Bitcoin. Simply holding Bitcoin in cold storage or in an offline wallet does not generate yield, and that is why many Bitcoin holders decide to use crypto lending and borrowing platforms to earn interest on their Bitcoin holdings.
Here’s how you can start Earning interest on your Bitcoin with Lendingblock:
After you create an account with us, you can generate your Bitcoin deposit address and transfer however much crypto you wish to earn interest on. You can then create an Earn and lock up your Bitcoin for 1 month, 3 months or 6 months. Each term has its own yield and the interest rate is applied to the full Earn Bitcoin amount, unlike some other crypto lending platforms that have diminishing interest rates for each level of Bitcoin you lock up
Lendingblock is a centralized finance (CeFi) crypto lending and borrowing platform. We lend out Bitcoin to our institutional partners who are willing to borrow Bitcoin from us and pay Bitcoin interest rates on it. We only work with partners who have successfully passed our due diligence process and have a proven track record in the crypto lending market
Whilst your Bitcoin Earn is active, the interest is paid on the 1st of every month and you can withdraw the accumulated interest at any point. When your Earn matures, your Bitcoin is unlocked and you can withdraw it, lock it up in another Earn Bitcoin or borrow against it!