Blockchain wallet is very worthwhile wallet not only provide you to hold you fund and cryptocurrencies but also provides multiple other benefits to Blockchain users. Just like you bank account you can earn the interest on your Blockchain wallet and maximize the utilization of your Blockchain wallet account.
The Interest Account is an interest-generating crypto storage facility within your Wallet that earns interest on the amount you transfer and store in it. And any funds you transfer into the Interest Account will begin earning interest at a compound interest rate. When you store crypto in the Interest Account, you can withdraw it along with any interest earned over that time to your non-custodial Wallet balance.
Also Read: How to Disable 2fa on Blockchain?
But this facility is not available for everyone, as you need to be eligible to enjoy this benefit. Hence, you can find here what are the requirements to have the Blockchain wallet interest account.
Steps to Earn Interest on your Blockchain Wallet Account:
Step 1: Navigate to Earn Interest from the header and click on the “Earn Interest” button. If you are not Gold verified, press “Upgrade Now” to verify your identity.
Step 2: Select the crypto wallet (e.g. My Bitcoin Wallet) you want to use to deposit funds and input the amount you want to transfer.
Note: There is a $300 minimum for Bitcoin transfers and $100 minimum for ether, USD Digital, and Tether transfers. If you don’t have enough funds, or simply want to transfer more, you can use the Buy Crypto button to quickly and easily purchase additional crypto.
Step 3: You can use the interest calculator below the amount field to see how much you’ll earn with the current interest rate for different amounts of time, depending on how long you keep your funds in the Interest Account.
Step 4: Check the boxes below to acknowledge and agree to the terms.
Step 5: Click “Confirm Transfer” to transfer your funds. Your wallet will automatically initiate a transaction to your new Interest Account with an appropriate network fee for a quick confirmation.
Call Blockchain Support Number for Wallet Related Issues
Once you have followed all the requirements you can activate and become eligible to use the Blockchain interest account. However, if you have any problem or not able to enable the Blockchain wallet interest account you can get help from the experts and resolve the problem. To get online help call at Blockchain contact Number and share your personal problem with the experts. Calling at this helpline number with help you to resolve various other problems related with your Cryptocurrency and Blockchain.
Source: https://cryptocurrencynumber.blogspot.com/2022/07/what-are-requirements-to-use-interest.html