Bitcoin savings account?

[brobbel]

Is there any upcoming project that would act like a bitcoin savings account?

I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.

Is it profitable?

https://poloniex.com/lending#BTC
Here you see the current rates.

Those are the daily rates (!) so you can easily get 30% per year or more.

[charlescoin]

Is there any upcoming project that would act like a bitcoin savings account?

I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.

Is it profitable?

https://poloniex.com/lending#BTC
Here you see the current rates.

Those are the daily rates (!) so you can easily get 30% per year or more.

The rates jump up often, I've seen it above 1%/day at really speculative times. I would bet its possible to do much better than 30% per year.

[brobbel]

Is there any upcoming project that would act like a bitcoin savings account?

I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.

Is it profitable?

https://poloniex.com/lending#BTC
Here you see the current rates.

Those are the daily rates (!) so you can easily get 30% per year or more.

The rates jump up often, I've seen it above 1%/day at really speculative times. I would bet its possible to do much better than 30% per year.

Absolutely; but even when the rate drop is structural (a high amount of bitcoins was added about a week ago, so a big whale started to lend) it's a nice result. And because I'm using an intelligent lending bot my results are even better then manual lending gave me before.

[fortunecrypto]

Is there any upcoming project that would act like a bitcoin savings account?

There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin.

[stompix]

If yobit could guarantee the payment every day for at least 365 days straight that would be 72% annual interest which is way more than any banks offering right now, at least in my country most interest rates are around 23% max but they are banks, yet what other exchanges or cloud mining services which they own their own mining pools as well are offering is a very good deal IMO.

If they would somehow guarantee that you will be able to get your coins back any moment it would be nice.
Not talking about the 72% interest.

I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.

I think the most important thing is "virtual".
Cause in reality you might soon find out it there is no such thing as "risk free".
And poloniex of all thing.... meh

[megynacuna]

Is there any upcoming project that would act like a bitcoin savings account?

There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin.

That's true, these HYIP's are disguised and they pretend to be on your side so save with them for profits too good to be true but you'll eventually be scammed by them depending on the level of the ponzi you entered. I'll advice that people rather invest into cryptocurrency mining than rely on these or cloud mining as a form of saving investments.

[Wandika]

Is there any upcoming project that would act like a bitcoin savings account?

There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin.

Hyip is not a bitcoin savings account type business. Hahaha. It is the vice versa. There are so many ICO that has a feature like this just like chronobank and polybius. Try investing on an ICO that has a banking system platform and avoid hyips.

[Yatsan]

Is there any upcoming project that would act like a bitcoin savings account?

I think no project will be like that because there's a bitcoin wallet where you can hold your coin but there's ICO here in the forum where you are going to earn their coins by joining the bounty or just by investing in them by buying their coin with discount and wait for the distribution and sell it at the market if the coin is distributed.

[orions.belt19]

A project like a Bitcoin savings account? Do you mean like the ones that banks have? Currently, I only use wallets to store my Bitcoin. It doesn't function like the way a savings account of a bank does, but I can store my Bitcoins there. So far for me, the services of a Bitcoin wallet is sufficient and enough. Other than that, I have not heard of any upcoming project that would act like a bitcoin savings account.

[Silberman]

If yobit could guarantee the payment every day for at least 365 days straight that would be 72% annual interest which is way more than any banks offering right now, at least in my country most interest rates are around 23% max but they are banks, yet what other exchanges or cloud mining services which they own their own mining pools as well are offering is a very good deal IMO.

There is no way any exchange is going to make any guarantees like that, you can lend your money in poloniex to traders, but there is not guarantees that there are going to be takers for your loan offers or that people will want to pay the rates that you want, so you must take that into consideration when calculating your possible profits when lending.

[Manuj]

It is something bank-like the way you say it.

Anyway, your bitcoin is always some sort of savings wherever you put it because it always gains value. Everyday bitcoin, although rising and falling in the middle, is going up. So the price of your bitcoin is also increasing. That's better than any savings deposit.

[junkozane]

It is quite different question. I will give brief idea. It's right Bitcoin wallets useful to store bitcoins and worked as savings account. If any urgent need, you can spend your bitcoin anytime, anywhere. Its up to you.

[19Nov16]

Yes true, with the presence of bitcoin makes saving account. previously I had to transfer with high cost if abroad, but after the existence of the bitcoin then transfer fees of not more than $0.2.

[Silberman]

It is quite different question. I will give brief idea. It's right Bitcoin wallets useful to store bitcoins and worked as savings account. If any urgent need, you can spend your bitcoin anytime, anywhere. Its up to you.

I think the Op wants to receive something like interest rates for his bitcoin the same way a bank works, but that does not seem possible for the simple reason the number of coins is limited to 21 million, unlike fiat we cannot print them at will so it is impossible to try to manage bitcoin the same way governments try to manage the fiat economy.

[malikusama]

Are you trying to say about the interest on the bitcoins while saving them?. There isn't any wallet which offers interest on savings, may be in future we will have any.

[smsohag]

Savings account is save money and when you withdrow your money at the savaral time you will gotten some interest but bitcoin don't give you interest thought bitcoin rate ups and down.

[prieaji]

Bitcoin has a savings account, I think have heard freebitco.in offer interest should try it if you love about it.

[swissmate]

Are you trying to say about the interest on the bitcoins while saving them?. There isn't any wallet which offers interest on savings, may be in future we will have any.

Yes no wallet will give you interest on bitcoins but I don't think that you need any interest on bitcoins as you can easily make profits with it by selling it when price goes higher and that profits will be higher in compare to the interest that banks will pay you.

[dmamigo]

Are you trying to say about the interest on the bitcoins while saving them?. There isn't any wallet which offers interest on savings, may be in future we will have any.

Yes no wallet will give you interest on bitcoins but I don't think that you need any interest on bitcoins as you can easily make profits with it by selling it when price goes higher and that profits will be higher in compare to the interest that banks will pay you.

Maybe interest will be provided in future, but I also think its not necessary, but it will be just a extra addition to the profit.
But this addition might bring old peoples and peoples who likes inerest.

I think its long way as a bank or wallet can only provide interest when they can earn enough amount and I believe many doesn't as many charges very less or nearly no fees.

[eann014]

Is there any upcoming project that would act like a bitcoin savings account?

What do you mean bitcoin savings account? is it like a bank that giving any interest of the money you lend it to them.
For me it is good to do bitcoin savings through putting it in the bitcoin wallet address. Like Electrum, bitcoin core, multihd, and etc.

Saving in the wallet will not grow your bitcoin, whereas when the bank is present it will probably grow your bitcoin. Because they provide interest facilities for customers? Investing bitcoin would be more risky than storing bitcoin in a bank? But for now store bitcoin in the bank not yet present

A lot of bank are also not good, we all know that bitcoin value is unstable and bank will use it as their advantage, they can change the amount of value of bitcoin when its time to exchange it to fiat. They will use the unpredictable value and take advantage into it. Bitcoin wallet for me is better.