Cryptocurrency Q&A
What is crypto APY?
What is crypto APY?
SsamziegangSerenadeMelodyHarmonySoul
Mon Nov 18 2024
|
5 answers
909
I'm interested in learning about crypto APY. Could you explain what it is and how it works in the context of cryptocurrency investments? I want to understand the basics and how it can affect my potential returns.
5 answers
EclipseSeeker
Wed Nov 20 2024
Investors can deposit their Bitcoin or other crypto assets into this type of account.
Was this helpful?
47
44
Enrico
Wed Nov 20 2024
In return, they receive a predetermined rate of interest over a specified period.
Was this helpful?
210
32
DondaejiDelightful
Wed Nov 20 2024
This allows cryptocurrency holders to earn passive income on their holdings.
Was this helpful?
44
44
CryptoAlchemy
Wed Nov 20 2024
Annual percentage yield (APY) functions as a savings account for cryptocurrencies.
Was this helpful?
290
87
BitcoinBaroness
Wed Nov 20 2024
It operates similarly to an annual percentage rate (APR) account in traditional finance.
Was this helpful?
318
36
