Users holding specific Crypto assets can earn returns ranging from 1% to 7.5%, calculated daily, under the new feature Zebpay Earn.
ZebPay, one of India’s largest Crypto exchange has introduced a new feature on its platform that benefits the “HODLers”. Any verified user (KYC completed), is automatically eligible to earn returns on the crypto funds held in the exchange. The move may help users who invest in crypto using ZebPay, earn a little extra crypto without having to do anything else.
Rate of Return
The rate of return varies for coins from 1% to 7.5% annually. Earnings will be calculated on the daily balance as of 5:30 AM IST (00:00 UTC).
Total accrued returns will be credited to your wallet monthly on the 7th day of next month.
In the beginning the following Crypto Assets are eligible for earning returns. More tokens will be added to the list soon, says the exchange.
ZebPay can successfully incentivize users of the platform to hold their assets or attract new users to start trading on ZebPay to generate a passive income source. The rate of return on USDT, is higher than that of most fixed deposits in India.
Higher Returns with Lending
ZebPay even offers Crypto Lending Services, which allow users to lend their funds and earn interest on it. The exchange says, over 10000 users have already lent their crypto on the platform and are earning interest on their fixed deposits.
There are a few steps a user must take in order to start earning from lending, but with ZebPay Earn, any KYCed user is automatically eligible and starts earning return if they hold any of the above mentioned crypto tokens without doing anything.
Benefits of ZebPay Earn Feature
Investors holding their assets in stable coins or large cap coins like BTC and ETH during downward cycles of the market, if held in exchange, can increase their holdings without having to do anything.
If a user decides to hold some USDT for a couple months, to wait for the right time to use them, they will earn returns on it while waiting.
Of course, holding crypto in an exchange is risky. The risks that apply to centralized exchanges are security breaches, hacks, lost funds, etc. At the end of the day, user funds are held in custody by the exchange.
Hence, it is advisable to use platforms that have good teams, clean history and of course the ability to pay from their pockets in case a hack affects user funds.
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