Best Way To Earn Interest On Crypto

2 mo
LeoFinance
3 Min Read
644 words

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Best Interest Rate On Crypto

HBD is a native stable coin on the Hive blockchain. Hive-Backed Dollar is built to hold $1 value in the most decentralized ways and it benefits from the fee-less and lightning-fast transactions (only 3 seconds!) on the blockchain. Hive blockchain offers interest rates on the HBD savings. Saving is an action that locks the HBD with a unlock time of only 3 days. The interest rate is voted by the witnesses and is subject to change. It is currently at 20% APR which makes the interest rates offered on USD balances by traditional banks ridiculous in comparison, and not an option for anyone looking to earn interest.

As shown in the screenshots below, you could be up to almost $9000, if you saved $100 per month for 5 years. That is compounding at its best and this is what makes Hive-Backed Dollars the best crypto to earn interest on. This also makes it clear that Hive offers the best crypto savings account.


HBDcompoundinterest.png

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Having such a high-interest rate can sound too good to be true, but 20% Interest Is Sustainable and safe. While other options often involve various risks such as not having the coins in your personal wallet, you have total control over your HBD Savings on the Hive Blockchain.

Why Hive Blockchain?

Hive is a forward-thinking, innovative, decentralized blockchain and ecosystem designed to scale with the widespread adoption of cryptocurrencies and Web3 platforms in mind. Combining fast processing times and commission-free transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world.

The Hive community is also one of the largest communities in the crypto world, carrying out all maintenance and development work on the blockchain in a decentralized manner.


Why HBD Savings?

  • Hive-Backed Dollars.
  • No Loans Or Staking.
  • Control Over Your Asset.
  • Stablecoin Pegged At USD$.
  • Interest Rate: 20.00% APR.
  • 3-Day Withdrawal Period.

How HBD Is Equivalent To USD$?

There are two decentralized conversion operations in place to keep the price around $1 with a tight margin. HIVE to HBD- and HBD to HIVE conversion. These operations convert a set amount of HBD to $1 worth of HIVE with no extra fees. It takes 3.5 days for the conversion to happen. The price for this conversion is the median price for the coming 3.5 days to prevent market manipulations.

The second conversion operation is collateral-based. After initializing the conversion of the X amount of HIVE to HBD, the user gets Y amount of HBD immediately. The Y is equivalent to the value of X/2 of the HIVE. The cost for Y amount of HBD is calculated after 3.5 days and the remaining HIVE is returned to the user. The price is the median price of the 3.5 days. This conversion has a 5% fee which is burned in the process.

For More Detailed Information


Ready To Earn Interest On Your Crypto?

While HBD Savings is an amazing opportunity and a great option for anyone looking for the best way to earn interest on crypto, I recommend people to do their own research. Weigh up potential risks before placing your cryptocurrency on any site to earn interest and feel free to compare Hive-Backed Dollars with any other crypto you can earn interest on.

This is not financial or tax advice, but generally, you need to note the market value of the earnings at the time you receive them. Remember to check your local laws for cryptocurrency and taxation, as in most cases, you will need to report any interest earned as income. This might be different depending on your personal situation or your geographical location.


Hive is available at the top exchanges for secure transactions:

BinanceBlockTradesbeaxyBITSONICBITTREXBKEX
changellyCoinDCXCoinExcryptex24gate.iohbtc
HIVE ENGINEHOTBITHuobiGlobalionomyINDODAXmandala

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Someone wrote a post earlier talkin about how its a good idea to invest $400 in shiba inu coinz hahaha

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Well, I guess that's one way of doing things.. :)

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Sureshot way to make it zero. :D

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Haha yeah, probably.. :D

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I strongly agree, investing in hive is better and nothing to compare with

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What did PT Barnum say?

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Nothing beat 20% on stable presently in the world of crypto i wish more people see this to see important of compounding

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i wish more people see this to see important of compounding

I'm sure they will. Soon.

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Well, everyone is the owner of how to invest their money, but I still prefer to invest in coins like HIVE and HBD, of course I also have some sshiba and other meme coins in case one day I become a millionaire hahaha.

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I can totally see why people invest in some of the meme coins. I should probably do that myself, but I can't take away my focus from LEO right now.. :D

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maybe get some $PIZZA

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This post deserves more attention, well done

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Thank you, I appreciate it. I'm basically just playing around a bit with various keywords in an attempt to increase our organic traffic. Who knows what this might bring in a few months from now.. :)

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Yes, this maybe of help to alot of people trying to know more about hbd in general. This post might serve as a guide

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We can only hope. :)

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I tweeted it out and already posted it in the comment section of one of my posts.

We need to get it on many of the posts about HBD.

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I noticed the tweet, but it doesn't feel serious to like it. lol :D

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Go ahead. Nothing wrong with that.

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I did it. :D

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https://twitter.com/hitmeasap/status/1520083909186310144
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

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Always important to talk about ways that HBD can benefit us. Very well said.

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Yeah, I think so too. Judging by the search volume for that term, it seems like it's increasing and it's fairly easy to rank for the term as well, which is pretty much why I went for it.

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Nice! Gotta grab the low-hanging fruit when we can.

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Indeed!

"how to earn interest on crypto" has a search volume of 720 per month, but a SEO difficulty of 72.

"best way to earn interest on crypto" has 140 search volume but a SEO difficulty of 17.

Other variations of it, such as "best places to earn interest on crypto" has a search volume of 210 and a SEO difficulty of 22.

That being said, I'm just basically throwing some things out there to see what sticks. When I have analyzed the results, I'll know which direction to go. :)

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How do you pull this data? Curious to look at it

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I'm using Ubersuggest for traffic overviews and keywords.

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Sweet! Going to check it out. Thanks!

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I think you can try it for free for 7 days. I think it's an awesome tool. Very easy to understand.

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Sweet, I have learnt something new today

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That's awesome. That's the point with this. :)

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Yes, people that heard about it on twitter or introduce to it might be looking for something better and this post explains it all

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Just trying to figure out the best way to get my CAD into HBD for the resons you highlight in your article. So many opportunities!! HBD is a good one.

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HBD savings is definitely an amazing opportunity. I would go with it myself if I wasn't all-in on LEO tokens at the moment. Hopefully, I'll manage to save some HBD in the near future. :)

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Many different ways to get some different tokens flowing. The use of HE tokens that one doesnt really love can be a terrific way to add a few extra HBD to the wallet.

If enough people do it, we will see a nice expansion.

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It's like with most of the things we have here. Everything adds up over time so I think it's a great idea.

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I will have to survey my HE now and which and which token are important and the that are more reliable to stay with for long time and the ones to go sell for hbd

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If it is long term, can easily take the "conversion" fee hit.

There is so much going on we are going to see incredible opportunities. Life is about to get a lot stronger around here.

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Just trying to figure out the best way to get my CAD into HBD for the resons you highlight in your article. So many opportunities!! HBD is a good one.

The opportunities are limitless on hive now and hbd been the most attractive and save one at the moment, it better to seize this opportunity now.

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HBD is the most underrated stablecoin in all of crypto.

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Most likely because it's still relatively unknown. Once people realize the outstanding opportunity, I'm sure they'll jump in quickly.

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It is but we are going to change that. We just need to keep adding to it on a daily basis.

Hopefully most are now getting their rewards as a 50/50 payout. At the same time, we should try to convert some of our other tokens to HBD that we buy off the Internal Market.

It is time to help that along.

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we should try to convert some of our other tokens to HBD that we buy off the Internal Market.

That's actually a great idea. I have to reach my milestone quickly so I can change my approach a bit.. I want in. :D

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Yeah I took about 40 HIVE yesterday from HE and bought some HBD from the internal market.

We have to get HBD out of the DHF.

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Yeah, I agree. I sell tiny bits of things here and there for Hive, but I buy LEO for everything right now.

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Hbd is getting scars already because I have been trying buy like 300$ In the internal market but the order not yet filled

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Everyone wants HBD.. :D

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Converting most of our HE token to hbd is a nice idea and good way to make hbd better

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Yeah, I think it's a good idea. Might not be much one can convert, but it's something.

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Last month I began a plan to use my LP Rewards to offload to Cub Finance. Now that HBD for savings has a 20% APR, I will modify this plan to divert some LP Rewards into HBD savings.

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Sounds like a good idea. We have so many great options on LEO and Give. It makes it hard to choose.

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Presently it is, most people don’t know about it yet because most blockchain don’t even come near half of benefit of hbd and they are doing fine.

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One of your best!

Great work mate :)

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Thank you very much. There will be more content like this in the near future. I'm trying to find some decent keywords I want to focus on that has potential to generate some organic traffic over time.

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Just another matter:
How long can HBD stay in this high APR?

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I am far from an expert on the subject, but looking at what someone like TM4450 said for instance:

"not only is the 20% interest on HBD sustainable, it is far too low. We need to generate a great deal more HBD at a faster pace."

He is also talking about having the interest at 20% for 5, 10 and even 20 years and gives us different scenarios in this post.

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HBD is quite amazing and I am not really sure if it will work out long-term. The APR is set by the witnesses and that could change if they think it isn't sustainable or if it could cause any security concerns (due to Hive outstanding).

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It might be for a limited time we see the amazing 20% interest rate, but I personally think that we can see that for at least a few years before having to make any changes. TM4450 brings up some great points in his post talking about it as well.

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I have been feel the same way too about hbd that it is temporary but I have been going in hard because I just wanna great APY while it last oo

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I can totally understand that decision. I would've done the same thing if I wasn't too focused on reaching my first milestone on LEO.

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Goodluck and I believe at your pace you should achieve that anytime soon

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Thanks! I think I'll be able to get very close to my goal before the end of this week, so that's a good thing! :)

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Wow, that’s very good l. After reaching your goal you just have to set another is as simple as that

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To infinity and beyond! :)

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That is the zeal 🥰

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HBD indeed is one of the best ways and it may be the best yet especially for conservative investors (like me, lol). It's great to take advantage of the opportunity it offers.

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HBD savings is truly an awesome opportunity for anyone interested in earning interest on crypto. I have other things I focus on more at this point, but I am likely to head in the HBD direction in the near future as well.

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Yes. I didn't save any HBD before but it has now become part of my daily budgeting. I want to take advantage of the yield.

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Sounds like a very good idea! Take advantage of the opportunity you have in front of you. :)

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Yes, 20% is so attractive to not grab. Small amounts are building up nicely hehe.

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It sure does! Everything adds up over time, so even small numbers are great.

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Yes, that's right.Cheers to your investments!

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I have a feeling the 20% apy is temporary, the time is now

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It might be so we might as well take advantage while it is here.

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It might be temporary, but according to TM4450, it would be sustainable to keep it at 20% for a rather long period of time.

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i hope it is sustainable because many people will benefit from this

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People would still profit at an interest rate of 12%, but 20% is lovely. It's actually extremely attractive for most people.

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2 mo (edited)

20% is irresistible and can’t just be overlooked

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I agree with you. 100%. It's unbeatable.

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Let us hope it is long enough to help build our portfolio because this can help us all to grow our portfolio without much effort

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Yeah, 20% isn't bad at all.. It's actually the best interest rate out there.

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Yeah, it is a great advantage and it is not compulsory to go in very big, we can keep accumulating slow and steady

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That's right. And it compounds every 30 days so it grows eventually

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Nice post

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Thanks. What did you like the most about it?

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BOOM1.jpg

toruk_washere_new3leo.jpg

Read how this all have started with Toruk

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Thanks for the awesome support Toruk!

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I like your plan with a 5 year vision, I am with something similar, but investing 10% of everything I generate with my publications, which I hope to get in 5 or 10 years and give me a good vacation around the world.

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That sounds like a solid plan. A vacation around the world wouldn't hurt.. :)

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hbd has the potential to be a massive tool in a defi enthusiasts arsenal, I can't wait to see some of the polygon whales notice this project!

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They will, with time. We just have to keep spreading the word.

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Nice explanation. Now we just need to find ways to get more and more people to use it as well as save it.

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That is very true. We need to point people in the right direction.

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This is so timely for me as I was just looking for where to Invest $100 on Hive monthly and I was spoilt for choice!

Thanks for this

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That's awesome and you're welcome. $100 monthly would be a nice amount of savings over time. :)

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HBD or Safemoon? Help! lol

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HBD all the way! :D

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I recently started investing in HBD on weekly basis and I like the you explained. Great article. Thanks

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That is awesome, I'm glad to hear that you liked the article. HBD savings is an amazing opportunity.

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Investment in Hive is now becoming more attractive with the 20% APR. I believe many people would be interested to venture the Hive world when they hear about the good news.

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I totally agree. The only thing we need now, is to put the news in front of the people so they actually realize what an awesome opportunity they have.

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I think there is no harm investing in a stable coin, prices usually remain with 1% change.

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HBD is the most lucrative crypto in terms of interest rate nowadays. It also makes it the best option for anyone looking to earn interest on crypto.

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You linked me here in our "outward facing content" conversation.

Here's my attempt at Rising Star outward facing content:

https://leofinance.io/@metzli/another-drop-in-the-retirement-bucket-crypto-gaming-as-an-investment

I must admit, it doesn't read as well as my other posts and took me a lot longer to write it up.

It surely felt like I was "working" when I was writing this one.

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Yeah, it's often a huge difference between inward- and outward-facing content. The way you write things doesn't come out as easily because you have to write for people who doesn't know that Hive, LEO or any of this exists in the first place.

It's a lot of work. Especially if you are doing keyword research and try to optimize the content for raknings as well. I would definitely say that it could easily take anything betwwen 3-4 times longer to create outward-facing content compared to inward-facing. Great job though! :)

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It might be easier to write the content, and then go back and see where it could be optimized.

When I was a teacher, I really struggled to meet all the requirements that california required.

A mentor taught me to teach what I love to teach, and then go back to the blueprint, and see which of the requirements were naturally covered - then tweak a little to cover the ones that are left.

I'll keep working on it - and seeing how to make it easier for myself.

Then I will have to create some inward facing content teaching people what I learned.

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