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Today I explain, how to earn interest with your coins.

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crypto.com

Crypto Earn is a cryptocurrency interest deposit service built into the Crypto.com app. This service allows you to earn interest on more than 30 crypto assets available each week.

How does it work?

To use this service, you must have the Crypto.com application on your mobile device, as this option is only available for Android and iOS operating systems.

1. Crypto.com operates here like a traditional commercial bank.

2. It pays you the interest on the cryptocurrencies at a passive interest rate and uses them.

3. Lending to a third party at a lending interest rate or cooperating with him to obtain a return.

The interest generated by your cryptocurrency is paid weekly to your wallet on the Crypto.com app. Interest is credited to the same encrypted asset that you deposited. Once the fixed deposit term (DPF) expires, the full amount (principal plus interest) will be deposited into your Crypto.com portfolio.

How is interest earned?

crypto.com

*1. Choosing a cryptocurrency means choosing a cryptoactive deposit. What you need to pay attention to is the interest rate on the deposit

*2. Deposit term, there are 3 types of term to choose from: flexible, 1 month and 3 months. The last two are fixed periods, once the established period is over, the initial deposit of funds will be returned to your portfolio in the Crypto.com application.

*3. Terms and conditions, this is usually one of the steps that all users ignore, but it is important to understand the legal terms to deposit funds.

*4. Deposit amount, here you only have to indicate the amount, the upper part will show the legal currency equivalent to your total deposit.

*5. To confirm and complete, you must confirm that all the data you are about to deposit is correct.

*Its interface is clean and very intuitive. In terms of ease of use, it can be said that it is not complicated at all. As a last suggestion, if you want to use Crypto Earn to generate interest in your cryptocurrency, always remember not to use all of your because it will become a platform to store and manage the deposited cryptocurrency, and do not put all your eggs in the same basket.