Paxos Standard (PAX) Savings Account: Earn Interest on Crypto
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 12% per year plus compounding interest. Paxos Standard (PAX) is a popular choice for stablecoins in the market. Here’s some information additional facts on PAX and also learn how to easily accumulate crypto interest on YouHodler.
What is Paxos Standard (PAX)?; How to earn crypto
The Paxos Standard Token (PAX) is Ethereum-based, ERC20 token that is 100% backed by the US Dollar at a ratio of 1:1. For every PAX that is traded, there is at lest 1 USD in the Paxos bank account. Much like other stablecoins, like USDC for example, PAX aims to join the stability adn reliability of the USD fiat currency with the added benefits of digital currency. At nearly zero cost, PAX can be sent over the internet anywhere, to anyone, immediately. YouHodler added it to our lineup as another great option earn crypto interest on the platform.
PAX savings account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low risk investment tools. Here are a few reasons to earn interest on crypto with YouHodler:
- Earn crypto with High-yield savings accounts: Earn 12% interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out weekly without any fees: At the end of each weekly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw, or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
PAX is just one option to earn interest on crypto with YouHodler. Visit our Earn Interest page to see the wide variety of stablecoin, and cryptocurrency stablecoins to choose from. Earn interest on Bitcoin, Binance Coin and much more. Earn crypto with a savings account and discover a more productive way to HODL.