How does APY on a cryptocurrency savings account work?
prabhudharan tSep 20, 2020 · 5 years ago1 answers
Can you explain how the Annual Percentage Yield (APY) on a cryptocurrency savings account works? I'm interested in understanding how the APY is calculated and how it affects my earnings.
1 answers
- mb_1Apr 19, 2025 · 10 months agoAt BYDFi, we offer competitive APY rates on our cryptocurrency savings accounts. Our APY is calculated based on the interest rate and compounding period, just like any other savings account. We believe in providing our users with the opportunity to earn passive income on their cryptocurrency holdings while ensuring the security of their funds. If you're interested in earning a higher APY on your cryptocurrency savings, consider opening an account with BYDFi today.
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