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This is why Crypto Fixed Deposit is way Better than Bank Deposit by reeta0119

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· @reeta0119 ·
$23.32
This is why Crypto Fixed Deposit is way Better than Bank Deposit
Stake and earn is such a fantastic thing in the crypto space because we can earn a decent income by doing nothing and only one action is required from our side to stake our Crypto holding and it's done. It's been quite a long time and I have been using this service with one of the leading exchanges in India and the exchange name is Bitbns. This exchange was launched in late 2017 and now its a leading crypto exchnage in India. They launch their deposit program which is known as Fixed Income Plan on every Friday at 12 pm IST and one plan is for 30 days so after this period the deposit gets matured and invested amount along with the returns paid back to the wallet automatically. 

![image.png](https://images.hive.blog/DQmZ8qw8dBnheK9yabx3TnUaAoxJPnUBbVwgaACTGWrE6sW/image.png)

[src](https://images.app.goo.gl/XZan4hipedQEC5Nk6)

My deposit got mature yesterday only and now I am waiting for Friday at 12 p.m. so that I can re-stake in the plan and they have already started showing the upcoming plan on their website. Keeping funds idle does not earn anything ideally however they also play 3% APR just for holding the liquid balance for selected tokens. This is something that I don't get elsewhere and that's why this is my favourite exchnage. This time they have added a couple of more new tokens as well but I do not have these tokens and mostly my staking happens with etherum token. 

![Screenshot 20211008 at 4.59.17 AM.png](https://images.hive.blog/DQmTsWWdTLx21ibZroVJdrUVpa45hLvPR3BoVaPjd4YPu6X/Screenshot%202021-10-08%20at%204.59.17%20AM.png)

[src](https://bitbns.com/trade/#/fip/)

Very good amount on the taking of ethereum and there are two options. If I deposit an ethereum coin without their native token then I will be able to are 15% a PR but if I deposit along with their native token then I will get 5% extra and in total, I will be earning 20% APR. Their native token name is BNS token and currently, its value is around 12 cents. Now since my last deposit got matured 1 day before so I need to wait for the day and once the plan will open at 12pm on the Oct then I will stake again. 

As shown in the above snapshot, we can earn 50% interest Cake token, 20 %, and 15% on etheruem with certain conditions and with Bitcoin, we can earn 10% and 12% if we deposit with their native BNS token. I would like to mention that in India banks pay 2.5% interest per annum in saving account and 5-6% on fixed deposits and this varies from bank to bank however there is hardly any bank tat pay more than 6% per annum o fixed deposit. 

Now since I have the option to earn much more than what banks can offer then why should I go bank for the same. I mean if I can earn almost 3 times what can I get with my money deposit in the bank then I honestly don't see any reason to stay with the bank and I think because of this many people are moving away from banks. Here I earn returns in form of the same coin that I have deposited so I get two benefits in return. One- I earn interest and two-If value appreciate then its a bonus for me ad I know that in the long run value will appreciate for sure. I just love crypto and this is just one of the reasons however there are many. What about you?


**Thank you so much**
*Stay Safe*









Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@reeta0119/this-is-why-crypto-fixed-deposit-is-way-better-than-bank-deposit)
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@ecency ·
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@poshtoken ·
https://twitter.com/reeta0119/status/1446375098202542082
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@rihc94 ·
Honestly, the easiest way to get a decent percentage is from stable coins, why? You run "0" danger of devaluation and the interests for example in [pancakeswap](https://pancakeswap.finance/farms) or [ellipsis finance](https://ellipsis.finance/) are tremendous. The biggest problem with yield farming is the IL (impermanent loss) that you expose yourself investing in a two assets pool, even so it, seems to me a better idea than leaving it in the bank.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rihc94/re-reeta0119-5xlzce)
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