You Could Be Earning 10% On CASH (Low Risk)
Published at : December 01, 2021
With bank interest rates at an all-time low, it's time to look elsewhere for saving money. Fortunately, stablecoins offer us a way to securely hold cash and earn over 10% APY! Here's exactly what you need to know.
00:00 - Intro
1:13 - Stablecoins Explained
3:07 - Earning 10% APY on Celsius
4:24 - How Does Celsius Pay So Much?
7:35 - When to Use Stablecoins
9:34 - Promos for Free Bitcoin
11:15 - Watch This Next
🚨 Subscribe to the channel: https://bit.ly/2SfWumJ 🚨
•••••••••
📈 Start investing on the platforms below for FREE stocks & more:
🥧 Get $30 on M1 Finance (with $1,000 deposit):
m1finance.8bxp97.net/tyler
🌽 Get $50 in BTC on Celsius Network & Earn 6.2% Yield (with $400 Deposit):
https://celsiusnetwork.app.link/103086df5b
(Referral code: 103086df5b)
💎 Get $10 in BTC on Gemini + Low Trading Fees/Free Withdrawals (just trade $100):
https://gemini.com/share/kem9agm2r
📹 Interested in camera stuff? Here's the equipment I use to shoot my videos:
https://amzn.to/3jE8Ktp
•••••••••
If you hold any amount of cash in a savings account with a bank, you’re essentially losing money. Interest rates at banks are at an all-time low, paying just fractions of a percent on average. On top of this, higher inflation means your money is losing value over time, which isn’t helped by those pathetic bank interest rates.
While you could invest your cash instead to beat inflation and build your wealth, there are risks involved that don’t fit everybody’s risk profile. Luckily, there’s a much safer way to get over 10% annual returns on your cash in the form of weekly interest payments, and I’m going to tell you how.
In this video, we’re going to look at how you can earn over 10% on your cash with minimal risk, which opens up a lot of great opportunities financially. This is all possible with digital currencies known as stablecoins, which is the first thing I’ll be explaining in this video. By holding these stablecoins in a crypto platform that pays yield, specifically with Celsius Network, you can get over 10% APY on your balance. I’ll tell you exactly how to do this, how it works and why Celsius can offer such great rates on these balances. Then, we’ll consider how we can take advantage of this 10% yield with various financial strategies. Finally, if you want to get started with these awesome interest rates, I’ll also walk you through some promotions on Celsius that could earn you an extra $100 or more just for getting started.
Stablecoins are a digital currency, and a core part of the cryptocurrency ecosystem. However, unlike crypto assets like Bitcoin or Ethereum, the price of stablecoins does not fluctuate. Instead, they are fixed to the price of a fiat currency like the US dollar, hence they are stable. This means that a US dollar-backed stablecoin will always be worth 1 dollar.
There are a lot of US dollar stablecoins out there, with some of the most common being Tether or USDT, USD coin or USDC, DAI, and my personal favorite, the Gemini Dollar, GUSD.
In my opinion, the biggest risk behind stablecoins is your ability to actually redeem your stablecoins back to US dollars, and this is why I use the Gemini dollar. For example, a few years ago Tether USDT got into some controversy because they may not be fully backed 1-for-1 with US dollars. This means the price of Tether could potentially detach from the US dollar, and would no longer be able to be exchanged 1-to-1, which defeats the purpose of a stablecoin.
The Gemini Dollar, on the other hand, is always backed 1-to-1 with US dollars. Plus, Gemini is regulated within the US and is frequently audited, so I feel confident that every dollar I put into GUSD can be converted back to US dollars without risk.
Furthermore, Gemini lets you buy and sell GUSD without any fees whatsoever. You can deposit money onto the Gemini platform for free, exchange dollars 1-for-1 to the Gemini Dollar for free, and then send that money elsewhere up to 10 times a month, also for free. Meanwhile, other platforms can charge deposit fees, exchange fees to go between US dollars and stablecoins and withdrawal fees if you want to move that money out of the exchange.
So again, there are many options for stablecoins out there, but as long as that stablecoin is fully backed by dollars and you can freely exchange back and forth, they are essentially the same as holding dollars in a bank account. And this means we can put our cash into stablecoins without risking loss, and then use those stablecoins to earn interest in excess of 10% APY.
#Stablecoins #PassiveIncome #Investing
•••••••••
This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.
00:00 - Intro
1:13 - Stablecoins Explained
3:07 - Earning 10% APY on Celsius
4:24 - How Does Celsius Pay So Much?
7:35 - When to Use Stablecoins
9:34 - Promos for Free Bitcoin
11:15 - Watch This Next
🚨 Subscribe to the channel: https://bit.ly/2SfWumJ 🚨
•••••••••
📈 Start investing on the platforms below for FREE stocks & more:
🥧 Get $30 on M1 Finance (with $1,000 deposit):
m1finance.8bxp97.net/tyler
🌽 Get $50 in BTC on Celsius Network & Earn 6.2% Yield (with $400 Deposit):
https://celsiusnetwork.app.link/103086df5b
(Referral code: 103086df5b)
💎 Get $10 in BTC on Gemini + Low Trading Fees/Free Withdrawals (just trade $100):
https://gemini.com/share/kem9agm2r
📹 Interested in camera stuff? Here's the equipment I use to shoot my videos:
https://amzn.to/3jE8Ktp
•••••••••
If you hold any amount of cash in a savings account with a bank, you’re essentially losing money. Interest rates at banks are at an all-time low, paying just fractions of a percent on average. On top of this, higher inflation means your money is losing value over time, which isn’t helped by those pathetic bank interest rates.
While you could invest your cash instead to beat inflation and build your wealth, there are risks involved that don’t fit everybody’s risk profile. Luckily, there’s a much safer way to get over 10% annual returns on your cash in the form of weekly interest payments, and I’m going to tell you how.
In this video, we’re going to look at how you can earn over 10% on your cash with minimal risk, which opens up a lot of great opportunities financially. This is all possible with digital currencies known as stablecoins, which is the first thing I’ll be explaining in this video. By holding these stablecoins in a crypto platform that pays yield, specifically with Celsius Network, you can get over 10% APY on your balance. I’ll tell you exactly how to do this, how it works and why Celsius can offer such great rates on these balances. Then, we’ll consider how we can take advantage of this 10% yield with various financial strategies. Finally, if you want to get started with these awesome interest rates, I’ll also walk you through some promotions on Celsius that could earn you an extra $100 or more just for getting started.
Stablecoins are a digital currency, and a core part of the cryptocurrency ecosystem. However, unlike crypto assets like Bitcoin or Ethereum, the price of stablecoins does not fluctuate. Instead, they are fixed to the price of a fiat currency like the US dollar, hence they are stable. This means that a US dollar-backed stablecoin will always be worth 1 dollar.
There are a lot of US dollar stablecoins out there, with some of the most common being Tether or USDT, USD coin or USDC, DAI, and my personal favorite, the Gemini Dollar, GUSD.
In my opinion, the biggest risk behind stablecoins is your ability to actually redeem your stablecoins back to US dollars, and this is why I use the Gemini dollar. For example, a few years ago Tether USDT got into some controversy because they may not be fully backed 1-for-1 with US dollars. This means the price of Tether could potentially detach from the US dollar, and would no longer be able to be exchanged 1-to-1, which defeats the purpose of a stablecoin.
The Gemini Dollar, on the other hand, is always backed 1-to-1 with US dollars. Plus, Gemini is regulated within the US and is frequently audited, so I feel confident that every dollar I put into GUSD can be converted back to US dollars without risk.
Furthermore, Gemini lets you buy and sell GUSD without any fees whatsoever. You can deposit money onto the Gemini platform for free, exchange dollars 1-for-1 to the Gemini Dollar for free, and then send that money elsewhere up to 10 times a month, also for free. Meanwhile, other platforms can charge deposit fees, exchange fees to go between US dollars and stablecoins and withdrawal fees if you want to move that money out of the exchange.
So again, there are many options for stablecoins out there, but as long as that stablecoin is fully backed by dollars and you can freely exchange back and forth, they are essentially the same as holding dollars in a bank account. And this means we can put our cash into stablecoins without risking loss, and then use those stablecoins to earn interest in excess of 10% APY.
#Stablecoins #PassiveIncome #Investing
•••••••••
This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.
best interest rates on savings accountstablecoinsstablecoins explained