Does something such as Bitcoin Bank exist that pays monthly interest?

[Sid 589]

What I know is that there is no such thing, if you want to get passive income it is better to buy a mining rig for mining and try to trade.

[Fadimah 191]

I don't think so. I have never heard about it though. But if it actually exist, it will be very nice and the security system will be very good since it is a bank.

[Grease Lightning 169]

I think many exchanges offer this. Yobit and binance can be an option for you if you want to benefit from holding coins. But don't ever do it on HYIP and cloud mining sites.

[phpMailz 568]

There are many legit exchanges and crypto platforms that offers you a littel annual interest on you bitcoin that you save with them, these are not banks but they do pay you your interest in the end.

[amara123123 76]

Many lending platform are working on crypto market but now almost all platform are gone from market . Now a day new scammers trend of staking btc wallets and monthly return on it be wise don't invest on it. 

[khan22 3478]

On 11/11/2019 at 2:58 PM, Brushless4500KV said:

As you know there are numerous websites that claim they will give you huge percentage of interest per hour or even double your bitcoin after very short period of time. There is no doubt that 99% of them are nothing but scams. I have always wondered if there is a legit website that acts like a real bank in which you can invest certain amount of bitcoin short-term or long-term) and receive monthly interest based on the amount of your investment. I think this would be the best possible way of establishing a passive income with crypto coins.

Does such thing exist? If you know legit websites, please introduce them.

Now there is no any bank that will pay us like the BTC interest and the interest game is not good because these things will just give us loss in the market not to give us profit in future so start trading and make money in it.

[Syedbesharat 5423]

10 hours ago, amara123123 said:

Many lending platform are working on crypto market but now almost all platform are gone from market . Now a day new scammers trend of staking btc wallets and monthly return on it be wise don't invest on it. 

Their are few wallet which are promoting interest on coin placement.They gives interest on your coins and want your coins in their hands.Always use official and non  processed wallet,exchanged in crypto.

[Brushless4500KV 4214]

18 hours ago, Syedbesharat said:

Their are few wallet which are promoting interest on coin placement.They gives interest on your coins and want your coins in their hands.Always use official and non  processed wallet,exchanged in crypto.

When I first started this topic, I knew nothing about Yobit Investbox program. After I knew about it, I realized that it is the closest thing to a bank for cryptocurrencies because it gives between 0.1 to 1 percent daily interest for bitcoin. It needs some requirements such as minimum amount of 0.01 BTC to invest and holding Yo tokens to receive more interest but those who have tried it, was satisfied with the earnings.

[Syedbesharat 5423]

On 2/11/2020 at 12:37 PM, khan22 said:

Now there is no any bank that will pay us like the BTC interest and the interest game is not good because these things will just give us loss in the market not to give us profit in future so start trading and make money in it.

I read about a site who take BTC of yours and give interest on them.But their policies are very complicated they  take large number of BTC and give half of worth payment .They take interest  on return and hold BTC of customers.

[Shaza Ahmad 1682]

I think this service is provided on many trading platforms, but I do not prefer it because the annual return is very little, perhaps trading is much better but it is also dangerous.

[newcrypto363 19]

Certainly not there, all of that is just a game site playing behind it. So there will never be a site that dares to do that, even if there certainly is fraud.

[Maroua 1159]

In fact, I’m sorry, I don’t know many honest sites except this site, most other sites are fraudulent, and people steal their money, you have to beware of them, good luck.

[Nezar 7169]

I don’t know if there are banks that pay interest to you for putting money inside, but what I do know is that there are sites like free bitcoin that gives you daily deposits when you store money inside.

[Calvinpriva 17296]

Many sites like that are fake, they promise to give you maybe 20% of what you invested and after there you will not be paid anything from them because they are scammers. If you need to earn upto 50% of bitcoins try peer to peer sites and trade everyday, my best site is localbitcoins. I earn more than 0.007 btc everyday.

[Brand1 1336]

Yes my friend, there are many sites that pay you annual returns, and the most important of these sites is the free bitcoin site, which pays us 6% on the deposit that we do within the site

[Upright 2688]

As I know, they are not technically called banks of bitcoin or anything like that, as I know that they are wallets which tend to be termed as passive income wallets as they they pay interest on you Crypto assets which you hold in the wallets

[kyoukage01 3181]

13 hours ago, Sofia43 said:

I haven't used bitcoin bank before. So l don't know how it works.

You should have read my next post on page 1:

On 11/12/2019 at 10:35 PM, kyoukage01 said:

Looks like Yobit itself has a feature like this:Color me surprised. (Hey, I'm still a total newb about this, how would I know? 🙂 ) Now I know a little bit more about Yobit. Thanks for the airdrop!

Now to return to topic. As you can see on the picture above, Yobit itself has a feature similar to a bank where you gain interest on your deposit. Any experts here who can explain this more to monkeybrains like me in detail? 🙂 And does Yobit (or other similar websites) do it with Bitcoin itself too, not just the altcoins?

Yobit itself has a similar feature, not like an actual bank, really, but more akin to an investment plan. I haven't yet tried it myself, but when investing other coins, there may be some other activities you need to do in addition first, like trading, playing dice, etc.

 

Check up on your Yobit account and look up in the 'Investments' tab. If you want to try, at least they claim your investment is 100% safe. While you're at it, you should ask for someone else who is more knowledgeable than the both of us for further questions.

 

Edited March 31, 2020 by kyoukage01

[jacker 1095]

I don't know Bitcoin Bank and I haven't heard about it. This type of bank I haven't heard of. How much will the interest rate be? This form I find quite risky. I don't have much faith here.

[Ayush Singh 1175]

If you want to recieve interest for your coins deposited then you should use coinbase wallet which gives interest to the users who store their coins for a long term and the wallet is also totally safe users can opt for the wallet to earn interest. 

[NevermindNe 549]

Yes, there are projects that give interest for storing a certain amount of cryptocurrency from $ 500 and higher (about 3-5%) for each month, but this is also used by scammers and make fake sites.

[IamLeader12 682]

I have never met such sites, but I have heard that Nexo (this site), pays for the fact that you give someone bitcoin interest after this person uses them.

[jamesvince 2389]

Still different online lending platforms are working which are promoting their sites that they paid huge monthly earning for customers. But i strongly believe that these sites are scam sites and scammers created sites for getting traffic and then gone from the community soon.

[bentayebsalah 2280]

I don't think that there are banks that offer profits by storing bitcoins on them, but there are other currencies that offer profits in exchange for storing their currencies

[Saj555 2250]

This is quite a relevant topic to think about actually. Maybe when the world tradings will be done by the cryptocurrencies like bitcoins or others then everyone will feel the importance about it. And maybe at that time there will be banks for the cryptocurrencies as now for the flat currencies. Maybe that would be much amazing to think about and a lot of people will be able to do their storage there and receive their profits depending on the crypto projects. 

[Kamila 291]

I do not think that such banks exist , even if they do, they will earn much more on the jumps in the rate of your bitcoin than you get from them interest for storing your coins in their Bank.