Earn Interest on Filecoin - FIL Savings Account
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 12% per year plus compounding interest. Filecoin (FIL) is a popular choice in the market. Here’s some information additional facts on Filecoin (FIL) and also learn how to easily accumulate crypto interest on YouHodler.
What is Filecoin (FIL)?
Filecoin is a decentralized, open-source content storage and delivery network that’s built using blockchain technology and aims to disrupt the cloud storage and content delivery industries. The idea spawned from Bitcoin mining. The founders saw this incentivized mining concept and wanted to apply the same theory towards other work such as people adding hard drive space or giving up their unused cloud storage to create a fully decentralized and efficient system for information storage.
FIL is the native currency of the blockchain and its main use case is as a payment currency. Clients will pay to retrieve and or store data and do so with the network’s native asset, FIL. Filecoin aims to compete against Amazon S3, Google Cloud Storage, and other big cloud storage providers in the world.
How to earn 3.5% interest on FIL
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit FIL to your personal Filecoin wallet
Step 3. Watch as your FIL earns a compounding interest of 3.5% APY.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
Hopefully, by now, you’ve deposited FIL to your Filecoin wallet. What now? Well, just sit back, grab your favorite beverage and watch your crypto earn 3.5% APY. Seriously, it’s that easy. YouHodler favors simple UI/UX over-complicated protocols like DeFi. We are creating a service that helps our clients activate their crypto as efficiently as possible which is why we make our barrier of entry simple (but secure) and our learning curve easy to grasp. Regardless, if you have any questions at all, our team of support agents is on call 24/7 waiting for your message. So stop passive HODLing, deposit FIL, and watch your crypto earn on YouHodler today!
Filecoin saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Filecoin (FIL) just like you would in a regular wallet but in addition, earn interest on that FIL wallet balance every week.
How does FIL interest work
You can earn interest on FIL just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 3.5% interest on FIL.
How to Earn Free FIL
It’s easy! Just deposit FIL to your YouHodler wallet and you’ll earn free FIL every week.
How to Get Free FIL
Interest payments occur every seven days. So you’ll get your free FIL a week after your first deposit.
Cumulative Interest FIL
Yes, you have cumulative interest if you HODL FIL in the wallet. We calculate compound interest rates every week.
FIL APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more FIL at the end of the year due to this cumulative interest.
FIL Savings Calculator
Just use our FIL Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.