Blockchain.com wallet is a well known non custodial wallet which have been on the market for so long and users can store securely in the cryptocurrency wallet coins like Bitcoin, Bitcoin Cash, Ethereum, Pax stablecoin, Tether stablecoin, Algorand and XLM.
The wallet besides offering storage of cryptocurrency can also enable users to swap between coins without leaving the security of the dashboard and without much time (can take up to 2 hours to swap between coins) your desired coin will be available. It's an excellent wallet and to enhance users experience and to open new benefits the same ones could be asked to verify their accounts.
Of course the know your Customer (KYC) isn't mandatory but if you do that more opportunities could be opened to users:
Gold membership (that's free no money will be asked to upgrade) opens ways to users make money with their assets, earning interest from it up to 12% APY
Gold membership also give users a way to borrow assets putting Bitcoin as Collateral.
So anyone wishing to make money from the wallet could have the identity verified (with an Identification card, passport...) and benefit from the blockchain.com wallet.
To earn interest from the wallet users only need to put the desired asset to make money on the respective account (Bitcoin, Ethereum and Pax stablecoin, which are the ones for now who are accepted to earn interest) and each of them can start from $100, which is the minimum and no maximum amount available, meaning that users can put any amount starting from 100 bucks working from them!
Bitcoin interest rate is about 6%, Ethereum 5% and Pax stablecoin is the appetizer one with 12% per annum.
One question that could be pop up in anyone heads is "what about unlocking the assets that I am earning money from?!"
Well after users lock the assets to earn interest from, it will be making money every day and have a mandatory lock period of 7 days (meaning the amount locked stay one week without user have way out of it) and after that period if user want to end up the contract can do anytime. The interest earned from is deposited each month in the same account (Interest account) and could be withdrawn anytime.
If a customer want to borrow money from the blockchain.com wallet oy need to have collateral in Bitcoin to ask for one, and for now can only receive Pax stablecoin (the same one using the ticker USDD on the wallet) and the amount borrowed depend on the Collateral that is on the wallet.
Remember that only Gold membership gives access to this features and to apply for this incentives must use the web version of blockchain.com wallet.
This is a good and reliable way to make money from blockchain wallet and ask for loans without leaving the comfort of users dashboard, and I hope anyone could take advantage of this features.
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nice info, thanks for sharing