common-close-0
BYDFi
Trade wherever you are!

Can I earn interest by reserving Bitcoin in Kucoin?

avatarSan ADec 16, 2021 · 3 years ago3 answers

Is it possible to earn interest by reserving Bitcoin in Kucoin? How does the process work and what are the requirements?

Can I earn interest by reserving Bitcoin in Kucoin?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, you can earn interest by reserving Bitcoin in Kucoin. Kucoin offers a feature called 'Soft Staking' which allows users to earn passive income by holding their Bitcoin in their Kucoin account. To participate, you need to have a verified Kucoin account and hold a minimum amount of Bitcoin. The interest rate varies and is calculated daily. It's a great way to make your Bitcoin work for you while you hold it in your Kucoin account.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Kucoin provides a staking service for Bitcoin, allowing you to earn interest on your holdings. By keeping your Bitcoin in your Kucoin account, you can passively generate income. The process is simple - just deposit your Bitcoin into your Kucoin account and opt-in for the staking program. The interest rate is determined by market conditions and is updated regularly. It's a convenient way to earn additional income without actively trading.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can earn interest on your Bitcoin by reserving it in Kucoin. Kucoin's Soft Staking program allows you to earn passive income based on the amount of Bitcoin you hold in your account. The interest rate is competitive and is calculated daily. It's important to note that the interest is paid in the form of the respective cryptocurrency, not in Bitcoin. So, if you're looking to earn interest on your Bitcoin, Kucoin's Soft Staking is a great option to consider.