Huobi's Crypto Savings - A Feature with a Long-run Financial Empowerment

Thank you so much @steemitblog and @steemcurator01 for yet another opportunity to learn and also advance our knowledge on the cryptocurrency exchange network.

Today, I'm going to write about the Huobi's Crypto Saving Product which has added great value to both the exchange and its users.

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Huobi in itself is a digital asset exchange that supports ICO tokens and other cryptocurrencies, with the view that the development of the Blockchain economy will lead to the birth of new categories of digital assets.

Founded in 2013 in Beijing, the exchange being one of the largest and strongest in the cryptocurrency market came up with a feature that excited almost all the users.

On September 7, 2020; the Huobi exchange launched its Crypto Savings product that enables users to save some of their Crypto assets in addition to trading with them.

Huobi’s crypto saving product came in the middle of a global recession and at a time in which the crypto world has been fascinated by decentralized finance (DeFI).

Huobi’s crypto saving products provide a more attractive interest rates for customers than any traditional banking services.

Another beautiful thing is that it carries fewer risks compared to some DeFi products.

Now let us look at the benefits that accompany this great investment

8% Annual Yield For USDT Deposits

When using this Huobi’s crypto savings feature, Users of products who makes USDT deposit receive an annual yield of 8% of the deposits in USDT. This in a way can earn users stable and flexible income as an alternative use of their crypto assets.

Worsened by the ravaging global pandemic, the traditional banks no longer pay interest to customers savings account, and for the few who still do pay, It is almost impossible to see traditional banks pay an annual interest mounting to 8%.

This is a plus for the Huobi users who have and are willing to put in their USDT to this digital assets product.

3.5% Annualized Interest For Bitcoin

There is also an annual rate of 3.5%, as a return on deposits in Bitcoin as well. This offering, in addition to trading earns users a good profit on their asset just by keeping them in one place. That is not all.

There is also a specialized account rate for newbies with an annualized yield of 88% for the first week.

The Huobi exchange in a way is following the marketing principle which seeks out for the demand of customers before working towards meeting them.

Long Run Financial Empowerment

USDT can be exchanged at anytime to the Nigerian Naira and this helps to take care of our daily expenses if the need for it arises. Savings in Banks nowadays in Nigeria is of no advantage because of their no-interest mode of operation.

Offering a savings opportunity with an impressive interest rate in the Huobi exchange is however empowering users financially by Creating additional income to them.

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Competitive Advantage To The Exchange

The Huobi exchange however is not on the losing end as this has placed them in a hieght higher than most of its competitors in addition to the benefits it is adding to Huobi’s position as one of the leading crypto exchanges in the world.

There is more to talk about this great exchange but let me stop here for now.

Wishing them a great anniversary! More wins ahead.

Please Informations provided here do not serve as advice for any financial investment. For investment purposes, please read more about the Huobi exchange here