Zebpay lending platform: now deposit Bitcoins, other cryptos like FD bank and earn interest on them



NEW DELHI: If you are still not satisfied with the mind-blowing returns that cryptocurrencies provide, you can also earn extra by depositing your Bitcoins and other coins as a fixed bank deposit and earn interest on it.

ZebPay, one of the largest cryptocurrency exchanges in India, announced Thursday that it will launch a lending platform where crypto investors can lend their coins to the company to earn fixed passive returns. This will be in addition to any capital appreciation.

At launch, the lending feature will support Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Dai (DAI). Depending on the length of the deposit, users will be able to generate returns of up to 3% on BTC, up to 7% on ETH and DAI, and up to 12% on USDT.

The company said investors can lend their cryptos for an open or fixed term on the ZebPay lending platform. Under the open term, investors will not need to lock their crypto into the deposit system and will earn applicable returns for the day, and the same will be deposited into the investor’s trading book with the principal amount.

The fixed term allows investors to lend their cryptos for 7 days, 30 days, 60 days and 90 days, with the rate of return varying for each term. Also in this case, the tokens cannot be withdrawn before the end of the term. In the event that the investor chooses to withdraw early, a small penalty will be levied.

“ZebPay has always encouraged investors to hold their cryptos for the long term in order to benefit from the best possible returns. Through the ZebPay HODLers lending platform, as we call them, one can earn passive returns in addition to those obtained through increasing crypto prices. The crypto holdings of ZebPay customers will essentially do the work for them, as investors easily earn passive income, ”said Avinash Shekhar, co-CEO of ZebPay.

Cryptocurrencies have been all the rage over the past year and a half, as the prices of all major coins have increased exponentially. They have emerged as the best investment class today, amid a wider acceptance among the investment community.


Previous I&M Bank Kenya contracts IFC 5.4 billion shillings loan to boost lending
Next Line of credit vs credit card vs short term loans: which one should you go for?

No Comment

Leave a reply

Your email address will not be published.