Bitcoin prices have always been volatile, but this year’s bear market has led many BTC owners to reevaluate their investment strategies.
An increasing number of savvy crypto holders are now turning to authorized interest-generating wallets as the best way to make money and wait out the downturn until prices recover. They offer a means of rapidly and reliably growing your capital with a consistent rate of interest even if prices are falling, in a way that is neither high-risk, nor time intensive.
However, there are a few questions you may want to ask yourself before picking a wallet:
What are your financial needs now and how might they change?
Before you can pick a wallet, you need to think about your current financial situation. How much do you want to invest and how accessible do you need the funds to be? Are you likely to need the ability to withdraw your capital immediately, or can you afford to lock it in a long-term savings plan to earn a higher interest rate? You also need to consider what your profit expectations are and how fast you want to earn a return.
For example, last month, ArbiSmart, a popular crypto finance hub, introduced an interest-generating wallet, which offers unrivalled interest rates of up to 147%, as well as an impressive degree of flexibility.
Wallet holders can choose to keep their funds withdrawable, without earning interest, or they can place their capital in a savings plan for a period of two, three, or five years, where it will earn a higher level of interest the later the plan expires.
Interest rates up to 147%
When it comes to receiving the interest, which is paid out daily, you can choose to send it automatically to an available account, where it is always accessible. Alternatively, you can add it to the funds on which it is being earned, in the locked savings plan, for a higher return.
ArbiSmart also offers a massive selection of over 20 different supported FIAT and digital currencies, including traditional currencies like USD, EUR and GBP and cryptocurrencies like BTC, ETH, USDT, APE, SHIB, MANA, AAVE, AXS, BNB and many more.
What about the wider project ecosystem?
The wallet you choose could be part of a larger crypto project, with additional utilities, and a community that may have governing power over its future. As a result, you need to be very careful that you are picking the wallet of a reputable transparent and secure project that has a strong native token with excellent prospects.
Here too, ArbiSmart is leading the pack. The entire ecosystem is fully EU registered and authorized, meaning that it has to comply with strict requirements relating to technological security protocols, client fund protections, as well as safeguards against anti-money laundering and fraud.
The project is expanding at a rapid pace and analysts are projecting that RBIS, the native token, will rise to 90 times the current value by the end of Q1 2023.
One reason for these rosy projections is the ArbiSmart token economy, which incentivizes purchase of RBIS. To start with, the amount of interest you can earn depends on your account level, which is determined by how much RBIS you hold. In other words, the more RBIS you own the higher your return on your savings balances in EUR, BTC or any other currency.
Also, if you choose to open an RBIS savings balance, you can earn three times higher interest than if you opened a balance in any other supported traditional or digital currency. If you prefer, you can keep your balance in Bitcoin without converting it and earn a higher rate by choosing to just receive your daily interest in RBIS.
One RBIS is equal to one vote, so owning the native token is further incentivized as it gives you greater power over the project’s future direction.
All these factors are designed to drive token demand. Meanwhile RBIS has built-in scarcity since the amount that can ever be created is permanently capped. So, as the newly launched wallet finds its footing and an increasing number of people place RBIS in locked savings, taking it out of general circulation, the available supply will shrink. Once demand outstrips supply the RBIS price is set to rise.
This means that wallet holders will not only enjoy passive profits in the form of daily interest, in return for storing their funds securely in an ArbiSmart wallet, but they will also be earning sizable capital gains on the rising token value.
What other revenue-streams can you exploit?
Wallets that are part of a broader ecosystem will open the door to a range of other potentially lucrative opportunities. In this respect too, ArbiSmart doesn’t disappoint. In addition to existing services like its automated crypto arbitrage service, which generates passive profits of up to 45% a year, ArbiSmart is introducing a stream of new utilities in the second half of 2022. These include a mobile application, and a yield farming service generating up to 190,000% APY and 0.3% of the fee from each trade. Q3 and Q4 will also see the launch of an NFT marketplace and a collection of thousands of one-of-a-kind pieces of digital art. Near the end of the year the development push will continue with the rollout of a play-to-earn gaming metaverse, providing real-world revenue and a professional cryptocurrency exchange.
Play-to-earn gaming metaverse
All these new services will require use of the RBIS token, which fuels the entire, interlinked ecosystem. As a result, token demand is expected to rise even further. So, in addition to daily interest and growing capital gains, wallet holders can benefit from additional revenue streams from staking, gaming, trading and more. They can also benefit from higher returns for using more than one service at once. For example, a Non-Fungible Token bought in the marketplace could boost points for a gamer in the metaverse.
Whether you own Bitcoin, a wide variety of altcoins, or just have some FIAT money to spare, an interest-generating wallet is the safest, smartest, and most potentially profitable strategy, particularly in a bear market. ArbiSmart’s expanding ecosystem is growing at an exceptional rate, but the window is closing to purchase the token before the price explodes as the new wallet gains traction and the new utilities are introduced in H2.
Don’t want to miss out? Buy RBIS today!
*This article has been paid. cryptodailynews24.com didn’t write the article nor has tested the platform.
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