Cryptocurrency Q&A
What is 10% APY in crypto?
What is 10% APY in crypto?
CryptoNerd
Wed Nov 20 2024
|
6 answers
829
I'm interested in understanding what 10% APY means in the context of cryptocurrencies. How does it work and what are the implications of such a rate?
6 answers
Elena
Thu Nov 21 2024
With a 10% APY, the interest earned will be 0.10 BTC.
Was this helpful?
141
46
SumoPowerful
Thu Nov 21 2024
Imagine depositing 1 BTC into a staking program.
Was this helpful?
52
29
Luca
Thu Nov 21 2024
This program offers an annual percentage yield of 10%.
Was this helpful?
127
56
isabella_taylor_activist
Thu Nov 21 2024
BTCC is a prominent cryptocurrency exchange that offers various services.
Was this helpful?
146
62
CosmicWave
Thu Nov 21 2024
The interest is compounded annually, meaning it grows on its own.
Was this helpful?
290
87
Load 5 more related questions
