Welcome, in this article we will lite all the Dogecoin DOGE interest account rates.
You will find out that YouHodler is giving the best Dogecoin DOGE interest rate for the moment.
In addition, we will list pros and cons with YouHodler and why you might want to consider to deposit DOGE coins to earn some extra interest.
If you HODL more cryptocurrencies than only DOGE, you should visit our page about how to earn crypto passive income.
Remember to do your own research.
No Financial Advice, Information only. Do your own research
What is Dogecoin?
Dogecoin(DOGE) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer.
They created the cryptocurrency as a joke, making fun of the wild speculation in cryptocurrencies at the time. It was launched on December 6, 2013 in the middle of the 2nd bull run of Bitcoin´s cycles.
Where to get the best Dogecoin DOGE interest rate?
You will get the best Dogecoin DOGE interest rate with a YouHodler account. YouHodler is a service offering exchange, loans and interest accounts.
In the table below you see all the listed interest rates and accounts for Dogecoin DOGE.
Below the table you can read more about each one of these interest accounts.
Deposit Dogecoin DOGE to YouHodler to earn itnerest and passive income
With YouHodler you can get the best Dogecoin DOGE interest rate. Here, you can get 3% APY on your DOGE coins.
YouHodler is a cryptocurrency platform offering interest accounts with settlement period of 7 days. This is similar to many other interest platforms, like Celsius and NEXO.
In addition, YouHodler is offering crypto loans and an exchange feature.
Pros ans Cons with YouHodler
- $100 equivalent minimum to earn interest
- $100.000 equivalent maximum to earn interest
- Withdrawal fees
Binance Dogecoin DOGE interest Rate
Binance Dogecoin DOGE interest rate is very bad and it might not be worth to deposit here.
Binanace is the worlds largest crypto exchange and has a lot of great features and savings servives.
For example, Binance has great interest rates for some cryptocurrencies. Read more about best Polkadot DOT interest rates.
Dogecoin DOGE interest Account Risks
As for any investment, Dogecoin DOGE interest accounts involves certain risks.
Most of the risks are between you and the interest account service provider since they are offering the service for you.
However, there can also be risks in the Dogecoin protocol. This is especially true for Dogecoin because there is not much development done for DOGE in comparison with other networks.
Some risks are
- Service provider can be hacked
- Service provider can run bad business and go bankrupt
- Service provider can be a scam or Ponzi scheme
Should I earn interest on my Dogecoin DOGE?
Everyone must make their own decision, whether or not, its worth taking some risk to earn some reward.
In this article, we have discussed the rewards and the potential risks.
One thing to keep in mind is learn proper crypto risk management and don´t put all your eggs in the same basket.
What does this mean?
- You shouldn´t invest all your money into crypto
- You shouldn´t only invest in one crypto
- You shouldn´t buy all your crypto at the same time
- You shouldn´t keep all your money(or crypto) in one place