Savings vs Crypto Investment
💵Getting a Savings Account and Investing should be considered if you want to change your financial status. But what's the difference between the two? Investing in crypto allows you to earn interest through crypto lending by finding a cryptocurrency exchange or DApp that provides a crypto interest account.
🪙Crypto interest accounts are notably appealing because they provide much higher returns than traditional bank savings accounts.
🏦When it comes to risk and reward, saving your money in the bank and investing in cryptocurrency are opposites. In bank savings accounts, they are insured and stable in value, in cryptocurrency investments, you have no guarantees and no intrinsic value backing them.
📊Since saving and cryptocurrency investment are completely different, choosing between them depends on what you looking for out of your investments. You also have the option to choose both, as a crypto investment can be your long-term, and your bank savings are for your short-term investments.
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Crypto Currency, its digital money.