One of the most common ways South Africans invest their money is in bank accounts that give them interest.
However, while this provides stability, these accounts offer low returns.
This is why leading cryptocurrency investment platform OVEX launched interest accounts for cryptocurrency.
OVEX now offers up to 20% per annum to South Africans who deposit stablecoin into these interest accounts.
Simple passive income
OVEX’s cryptocurrency interest accounts make it easy for you to earn high interest from cryptocurrency without needing to invest your time into analysing and understanding the market.
This makes it a fantastic option for those looking to generate a passive income stream that offers incredible returns.
All you need to do is take the cryptocurrency you own and deposit it into an interest account.
Your interest is then paid out at 17:00 daily, while withdrawal notice periods for an interest account is only 30 days.
You can earn up to 20% per annum depending on the account you choose – with options including stablecoins like Binance USD and TrueUSD, and non-tethered cryptocurrencies like Bitcoin.
Choosing a stablecoin also gives you the benefit of investing in the US Dollar without the red tape and expenses that usually come with this type of investment.
The only thing you need to do is meet the minimum account balance. After this, you can sit back and watch your investment grow.
OVEX is a top South African cryptocurrency investment platform that trades around R4 billion per month in cryptocurrency.
Thousands of its clients make over R250,000 per year through the platform across its investment options, which include OTC trading, interest accounts and cryptocurrency arbitrage trading.
OVEX prides itself on its low fees, simple interface, and great service – making it the best place to invest your cryptocurrency.