Welcome, in this article we list all the best Tron TRX interest rate accounts.
If you hold Tron TRX coins you should definitely consider to deposit them into an interest account to receive up to 12.49%.
However, before you deposit them you should consider the risks and do your own research.
In this article, we provide you with a list of the best interest accounts for Tron TRX and some discussions regarding risks vs rewards.
If you look for interest accounts for other cryptocurrencies than Tron TRX, you should visit our article about crypto passive income.
No Financial Advice, Information only. Do your own research
What is Tron?
Tron is a decentralized platform based on the blockchain. Tron was founded in September 2017 by the non-profit organization, Tron Foundation, from Singapore.
They aim to build a free digital content entertainment system with decentralized distributed storage technology.
Best Tron TRX Interest Rates
In the table below, we have listed all the best interest rates for Tron TRX. As you can see, they ranges from 4-12.49%.
Below the table, we discuss the different options to get an interest for your TRX holdings.
Binance Tron interest rate
Binance is offering the best interest rate for Tron TRX.
Binance is the largest crypto exchange with a lot of different services enabled on their platform. One of the, Binance high yield program, gives very good interest rates for certain cryptocurrency.
However, you should be aware of the terms and conditions before you deposit your coins. Binance is offering this rate for a lockup time period of 15 days. Also, the maximum balance per account is limited to 1000 TRX tokens. In addition, the total amount for the Binance platform is also limited which means that this product might not be available at all times.
Pros and Cons with Binance Tron TRX interest rate
- Very high interest rate for Tron TRX
- Binance is the largest cryptocurrency exchange
- Lockup time for 15 days
- Limited amount per user
- Limited amount for the high yield program (this high yield might not be available at all times since it can be filled up)
NEXO interest rate for TRX
Nexo is offering a competitive rate for the Tron TRX cryptocurrency. Here, you can get up to 8% on your TRX holdings.
However, to receive the 8% yield you must fulfill the following criteria
- Have at least 10% of your portfolio in the NEXO token
- Lock your funds for 1 month
- Chose to receive the interest payout in NEXO tokens
Risks with Crypto Interest accounts
As for any investment, interest accounts for TRX involves risks. Cryptocoinzone is only an informational source and don´t make any financial advice whether, or not, you should deposit your coins into interest accounts.
Some risks are
- The service provider can be hacked
- The service provider can be a scam
- The service provider can fail due to bad business
There might even be other risks we didnt cover.
For our lists all of the cases have happened to us.
Rewards with Crypto Interest accounts
The rewards are easy to analyze and quantify since this equals the interest rate for the Tron TRX interest account.
Here, the rewards are 4-12.49%
Summary - Tron TRX Interest account
In the end, you need to decide if the rewards are worth the risks. There are more to take into consideration to what we have discussed in this article because there are so many personal parameters to take into account.
- Persons tend to be different risk-averse
- People have different goals with the crypto holdings
- Some people might deposit 50% of their portfolio while keeping 50% in cold storage