ZebPay, the cryptocurrency exchange platform after coming up with the lending platform where it enabled crypto investors to lend their cryptocurrency holdings to ZebPay and enabled them to earn interest on them, has lately come up with a new feature called ZebPay Earn.
This is also again a unique model wherein crypto holders can get or earn return for just holding cryptos in ZebPay wallet. This is primarily to entice investors even as the regulation on cryptos are still to be taken up and some of the Indian banks show strict aversion in associating with them. This is in respect of investors' holdings in spot and trading wallet.
How to earn for holding cryptos in Zebpay wallet?
As per the site, this is for all those investors or customers of ZebPay whose accounts are KYC compliant. For them in respect of their holdings in their wallet, the return shall be computed at the end of every day and will then be credited by the 4th of every month.
For ensuring, you get this interest part, you need to open the ZebPay app, click on the 'Earn Interest' link and your ZebPay Earn feature shall be enable for you to make these interest earnings.
Notably, this is not an auto feature and investors need to opt in for the functionality.
The company has begun with the interest pay-outs for Bitcoin, Polygon, Ethereum, Binance Coin, Tether and DAI.
Also, the site said that with ZebPay Earn you don't need to lock-in your crypto into a single deposit, and can freely trade your crypto as you see fit.
For the holdings, the crypto exchange has individually come out with interest earnings, say for USDT it shall be the highest at 7.5% and 2% each for DAI and Ethereum cryptocurrencies.