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

[magd 5231]

There are investment platforms that deposit an amount of cryptocurrency in it and then give you interest as a percentage of the profits produced by the platform and you can withdraw your money deposited in the platform at any time but you must choose a popular platform

[tienda 8776]

I think there is not any saving account about a such volatile currency, so there are many who offer interest holding you Bitcoins or other cryptocurrencies, but we need to know that they are not apt to guaranty that, at any time they can close, so is not a secure stable saving.

[MCSGlegend 2210]

I think not, for the fact that you store bitcoins, I think only InvestBox pays this way (I mean the stability of payments), but there are very few such plans.

[ComeBackIsrael 185]

I think that for now-that such banks or sites do not exist because those banks that can give you guarantees do not yet accept bitcoin as a currency.

[Zaino34 0]

There are no banks for digital currencies, they are not a central currency, but there are sites for investment in digital currencies, but most of these sites are deceptive and cannot be trusted. We must choose suitable and profitable sites with a choice of good currencies to invest.

[BitcryptoHan 2557]

2 hours ago, Zaino34 said:

There are no banks for digital currencies

@Zaino34 There are crypto banks, you can lend or borrow cryptocurrencies from the bank, but they are not yet common. 

[Jaysen0104 536]

I think for now there is no such thing as bitcoin bank. But we can rely on the exchange that has investment opportunities where we can earn from interest like yobit investbox.

[Ridam 7455]

Yes there are not same as banks platform as far i know but there are platform in which you can keep your coins and get % profit like yobit investbox, and the Crypto.com staking. You can keep your Investment there for some certain period and take profit from there.

[BitcryptoHan 2557]

21 hours ago, ethan1751 said:

There is already a loan for it. Exchange alone can lend you crypto, such as binance exchange. still I do not know the details and how the agreement and the terms.

@ethan1751 I too do not know much about crypto banks but binance is an exchange, and I have read about some crypto banks on crypto news. 

You can check this link if you will see it helpful

https://www.swissinfo.ch/eng/licenses-awarded_-world-s-first--crypto-banks--game-changer--for-switzerland/45187400

[BitcryptoHan 2557]

5 hours ago, ethan1751 said:

But in binary exchange, if I'm not mistaken, there are programs or features where we can borrow crypto.

Yes, but I have not tried it before. 

5 hours ago, ethan1751 said:

it is definitely different from borrowing like money in general in the bank. I understand that difference.

That is just it, but crypto banks works more like banks and they are not exchanges. They are mainly for lending and borrowing and saving with interest. 

[Crypto123 0]

I was reading a little while ago on a similar topic that talks about BlockFi, as this site gives you negative income on major currencies such as Bitcoin and Ethereum by up to 8.6% and this site confirms that the author is reliable and he has been working with it for a while but unfortunately he was hacked but the situation was controlled. So he advises those who want to invest here to do so at his own risk.

[Honny143 13612]

My dear friend I don't think any crypto bank exist in online and pay monthly  intrest to invest funds in this bank.because bitcoin Price's is unstable, its not possible but I know one exchange yobit this exchange pays daily percent, when we invest in their plan.

[Yomose 3704]

There are crypto banks, and they can be called bitcoin banks but most of them do with more cryptocurrencies. They can help in saving, lending and people can keep cryptocurrencies  there and yield profit or interest. 

[George10 9932]

On 11/11/2019 at 11:58 AM, Brushless4500KV said:

e with crypto coins.

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

The websites that promises to make you an interest in crypto if you invest are there and sometimes they even promise big in return but be aware that all such kind of sites aren't legit and theris always a way they use to scam especially the so called cloud mining and bitcoin doublers they are bunch of frauds and I hate even seeing such sites.

[BitcryptoHan 2557]

On 6/4/2020 at 5:31 AM, George10 said:

The websites that promises to make you an interest in crypto if you invest are there and sometimes they even promise big in return but be aware that all such kind of sites aren't legit and theris always a way they use to scam especially the so called cloud mining and bitcoin doublers they are bunch of frauds and I hate even seeing such sites.

All bitcoin doublers ate fake and scam, and most cloud mining are fake and scam as well but this is not the question asked. The question are bitcoin banks, they exist that you can save for monthly interest, which you are also right that it is not regulated and can be scam also, but there are few legit ones. 

[Thekingcallme 1975]

Bitcoin does not provide any benefits in terms of storage but there are currencies that support obtaining profits in exchange for keeping it on your platform or wallet.

[setifien 1016]

I do not know such banks but there are several online websites that offer this service (like the famous faucet freebitoin which gives 4.08% annual interest)

[Hasan211 65]

BlockFi clients use crypto-backed loans to do anything from paying off credit card debt ... This is one-of-a-kind product: it allows you to earn interest on BTC inside a regular bank account.

[Moaz 7239]

I do not think that there are 100% safe sites that will give you a monthly interest based on the amount that you invested from Bitcoin, as most of these sites last for a short period and then disappear and lose all your money, but I advise you to invest in Yobit because it is safe and has a good Bitcoin investment plan

[Ayelet 81]

There are several truly reliable platforms to save in BTC, Binance Lending seems recommended to me and it helps you increase your capital with ease, generating interest on your funds. Basically, it is about lending your assets to margin traders (traders who operate with leverage) on the platform and in return, they will pay you an interest on the borrowed funds. You can choose from a wide variety of options, including other Bitcoin, Ethereum, Binance USD (BUSD), Tether, and many others.

As you think? Sounds great to me.

[abohasnn9 2401]

My dear, I see that you do not listen to such matters in all of these investment sites, and are covered by a fixed percentage of four. Here, in exchange for depositing a certain financial percentage of Bitcoin or any other encrypted currency or any national currency, perhaps that is that you not listen to such  Sites because at the end of the day, it will definitely focus on you and occupy you and take your money, so I conclude the personality and work with it in the beginning. He pays you from their profits and gives you parts of their profits.

[Umair786 33]

There is no way to get monthly interest on your Bitcoin if you are holding your Bitcoin you should never give it to any third party you should hold it with your personal wallet

[Yoz 192]

There are few sites that will give you yearly interest but the percentage is very small, we are talking about three to five percent. So if you do not already have a large sum of bitcoin then you will be wasting your time especially that you can not trust these sites for years and wait on them.

[emilywillson 666]

Yes, my friend, there is actually a so-called Bitcoin bank and there is more than one Bitcoin bank as well, where people who want to borrow Bitcoin from that bank with interest accruing to the bitcoin borrower according to the amount that was borrowed.

[Jenny Lavelle 526]

I do not know of the existence of such banks that give you Bitcoin with monthly interest based on your investment, but if this idea were found, it would really be a good sign and open a closed door for investors whom afraid of loss, and this business can guarantee a profit from it by 89%.