RATE Group | Earn More Interest on Your Crypto With These Comparison Tools
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Earn More Interest on Your Crypto With These Comparison Tools

21 Oct Earn More Interest on Your Crypto With These Comparison Tools

Posted at 00:48h in Bitcoin News by

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Earn More Interest on Your Crypto With These Comparison Tools

2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded for saving crypto?

Also read: How to Trade Crypto in Person Safely

Crypto Lending Options Are Stacking Up

Competition among crypto lending platforms is heating up. With major exchanges such as Binance throwing their considerable weight behind the movement, incumbent platforms have been sharpening the pencil in a bid to offer their lenders and borrowers a better APR. This week, for instance, Nexo, cut its borrowing rates to as low as 5.9%. Given that many crypto lenders are prone to charge up to 4% in origination fees and 5-13% in liquidation fees, Nexo is confident that its improved offer will entice crypto borrowers shopping around for the best deal.

Earn More Interest on Your Crypto Interest Rate

That shopping…

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