Want to Earn Crypto? This Is the Best Way to Do It With Phemex
August 27 2021 - 1:38AM
NEWSBTC
New and experienced crypto investors are always looking to maximize
their profits. This is why the leading crypto exchange Phemex has
several products which allow users to put their cryptocurrencies
and digital assets to work. Phemex’s Flexible and Fixed Saving
Asset Management products enable investors to earn interest on
their crypto. Unlike the competition, Phemex has taken into account
that crypto investors need to stay nimble. Thus, the flexible
saving product allows them to deposit and withdraw their
cryptocurrencies and digital assets at one-day intervals without
penalties or at one-week intervals with fixed accounts. While the
funds remain on the platform, users can get up to 10% annual
percentage yield (APY). At the moment, the product accepts
stablecoin Tether (USDT) and Bitcoin in two modalities, flexible
and fixed. In that way, if a user wants to send 10,000 to this
Phemex’s saving product, they can receive a 7% APY if they use the
flexible period or a 10% APY for the fixed 7-day period. This
product can be used for as little as $1 for its flexible period and
$100 for the fixed. It provides users an efficient way to take
their crypto and produce more over a period of time of their
choosing. Moreover, the product also accepts Bitcoin (BTC), and to
mitigate the volatility for this market, all yields are offered in
BTC. Thus, this product could be a great solution for new investors
with low funds to stack more Sats and grow their portfolios. Like
the stablecoin product, the Bitcoin-based savings accounts offer a
1.50% estimated APY and a 3% APY for their flexible and fixed
period, respectively. To start, a user only needs to send funds to
the accounts. Any interest generated can be compounded and used to
increase gains above the initial deposit. How Phemex Guarantees The
Security Of The Funds, Earn Crypto With Confidence To guarantee the
APYs promised to investors, Phemex has partnered with specialized
asset managers and profitable funds. Thus, it has the capacity to
offer mature revenue strategies to its users. In addition, Phemex
knows the importance of security in this space. Therefore, it has
placed its platform under rigorous testing and safety procedures.
This is how it can meet the highest standards in these terms. An
extra layer of security is provided by the mechanism that secures
the funds. These are held in special Phemex accounts with real-time
monitoring. Thus, every transaction and all assets are always
monitored and audited. With more cryptocurrencies quickly
appreciating, Phemex will soon launch new products to allow their
users to double their profits and generate more yield. The crypto
market is wide and always presents new opportunities for those
keeping track. Phemex combines two of the most essential features
for the users into a single product: the capacity to earn more
crypto in a safe platform.
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