Put your digital assets at work to earn more rewards!

Owning digital assets or cryptocurrencies? There is a lot you can do to earn rewards from these assets by putting them at work while you sit still and watch them do the work. As per companies expertizing in Crypto exchange development in Kolkata – with the cryptocurrencies, the crypto economy is also growing and evolving which makes ways for earning rewards simply by holding crypto.

Crypto Rewards – How are the earnings generated?

Crypto rewards generation is a simple concept of staking and trading digital assets to earn interest from yearly or weekly pay-outs. Crypto experts of a Top crypto development company say – crypto holding can be put to work on the trading platforms and allow users to earn interest on their holdings.

The interest rates at which the digital assets are staked helps in earning more crypto with generous interest rates. In many instances, the earnings can be more than 10% or 20% every year. As cryptocurrencies are volatile and prices shoot up and down, there can be certain risks that can easily outweigh any interests earned from them. However, neglecting the risks, there are certain ways through which rewards can be earned from crypto holdings.

·  Trading on exchanges: This can be the easiest way to earn rewards from cryptocurrencies by using the earning methods of the exchange. Crypto holdings can help in earning rewards from trading on the exchange by simply locking some of the asset holdings into a staking pool on a yearly or weekly basis.

· Crypto staking: Cryptocurrencies that process payments can be staked through the proof-of-stake consensus mechanism. This type of crypto reward generation can be the alternative to the proof-of-work model requiring mining devices to solve mathematical problems through computational power. 

·  Lending crypto with CeFi: There have been a growing number of centralized finance products that can provide compelling rewards for holding cryptocurrencies in the form of stablecoins. Stablecoin investment can be low in risk and help generate rewards from crypto holdings with a 4% interest rate.

· Lending cryptos via Defi apps: Crypto lending via Defi apps can be a bit risky but has the potential of generating higher returns. With P2P (peer-to-peer) lending, Defi offers transparent protocols generating higher yields compared to traditional financial offerings. The only thing needed is a crypto wallet that is compatible with Defi apps or decentralized applications.

Summing up, crypto Reward earning is a simple process of using cryptocurrencies to earn interests that are paid in the coin that is staked. With cryptos being staked there can be weekly or yearly pay-outs from the cryptocurrencies being staked, and most importantly there are many more ways to earn rewards from crypto holding.