Jun 28, 2024
A Complete Guide on How to Earn Interest on Bitcoin
Guides · 10 Minute Read · Written by Kamil Zawieja
TL;DR:
- There are Many Ways to Earn Interest on Bitcoin: Crypto lending platforms, DeFi yield farming, staking, liquidity mining, and interest-bearing accounts are all ways to earn on your Bitcoin holdings.
- Top Platforms include: Aave, Compound, Stroom, Babylon, Uniswap, Curve Finance, Wirex, M2, Binance, and Coinbase offer various interest-earning opportunities.
- Understand Risks: Be aware of platform, regulatory, custodial, smart contract, liquidity, and impermanent loss risks.
- Who Benefits: Suitable for long-term holders, risk-tolerant investors, crypto enthusiasts, and passive income seekers.
- Getting Started: Choose a reputable platform, set up a wallet, deposit Bitcoin or WBTC, and start earning interest.