How to Earn Interest on Ethereum?

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How to Earn Interest on Ethereum?

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Ethereum holds more potential than just being a store of value or a medium of exchange. 

It can also be a productive asset that earns interest for you.

To get started, you’ll first need to pick an exchange that offers Ethereum interest services and open an account

From here, you’ll be able to choose the terms of your interest-earning account.

Flexible savings accounts earn you interest and the freedom to withdraw your ETH at any time.

Fixed savings accounts typically offer a higher interest rate but require you to keep your ETH deposited for a specified period.

When exploring these options, consider the varying factors across platforms, such as the accounts’ annual interest rate, minimum deposit and withdrawal amounts, and any restrictions or lock-up periods.

Beyond managing a savings account, there’s another way that you can earn interest on your ETH: staking.

Staking involves locking up your ETH in order to help run the blockchain in return for a reward.

Staking options include using an exchange, delegating funds to a validator, or running your own node.

Which of the following is one of the ways you can earn ETH?


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