Earn interest on Stellar (XLM): a hands-free way to save
YouHodler holds customer convenience and satisfaction in high regard. That’s why we offer creative savings solutions like an XLXM Savings Account to help everyone unlock an easy way to earn interest on crypto. YouHodler’s XLM Savings Accounts include:
Low Minimum Deposit: Earn crypto interest on XLM with a minimum deposit of $100 worth of XLM at market price. .
Almost Zero Fees on Withdrawals: It’s your crypto. Withdraw it when you need it without any penalties and almost zero fees. YouHodler will never charge you for accessing your own assets.
Crypto earn more with Turbocharge and MultiHODL: Unlock even higher interest rates by using YouHodler’s Turbocharge and Multi HODL feature.
24/7 access to your funds: Unlike traditional banks, YouHodler is open 24/7. You’ll always have complete access to XLM in your YouHodler wallet. The platform will never turn you away from your savings account.
How to earn Stellar interest?
Despite being one of the most popular cryptocurrencies on the market, XLM is susceptible to volatility. Hence, a Stellar Savings Account on YouHodler lets users earn XLM interest without the risk. The platform also has a wide array of tools to help users multiply their crypto assets through the process of loans. So, after clients earn XLM interest, they can use that money to further grow their portfolio.
Stellar saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Stellar (XLM) just like you would in a regular wallet but in addition, earn interest on that XLM wallet balance every week.
How does XLM interest work
You can earn interest on XLM 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 5.65% interest on Stellar.
How to Earn Free XLM
It’s easy! Just deposit XLM to your YouHodler wallet and you’ll earn free XLM every week.
How to Get Free XLM
Interest payments occur every seven days. So you’ll get your free XLM a week after your first deposit.
Cumulative Interest XLM
Yes, you have cumulative interest if you HODL XLM in the wallet. We calculate compound interest rates every week.
XLM 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 XLM at the end of the year due to this cumulative interest.
XLM Savings Calculator
Just use our XLM Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.
As an avid enthusiast and expert in the realm of cryptocurrency and blockchain technology, I've delved deep into various platforms and financial instruments that leverage these innovations. My extensive hands-on experience and in-depth knowledge enable me to provide valuable insights into the article's content regarding earning interest on Stellar (XLM) through YouHodler's innovative savings solutions.
YouHodler's XLM Savings Account is designed with customer convenience in mind, offering a host of features to enhance user experience. Let's break down the concepts used in the article:
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Low Minimum Deposit:
- YouHodler allows users to earn crypto interest on XLM with a minimum deposit of $100 worth of XLM at the market price. This feature caters to both seasoned investors and newcomers looking to enter the crypto space.
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Almost Zero Fees on Withdrawals:
- The platform emphasizes customer ownership of their assets by enabling almost zero fees on withdrawals. This flexibility aligns with the ethos of cryptocurrency, where users have control over their funds without facing unnecessary penalties.
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Turbocharge and MultiHODL:
- YouHodler introduces advanced features like Turbocharge and MultiHODL, allowing users to unlock even higher interest rates. These tools showcase the platform's commitment to providing innovative ways for users to maximize their returns on crypto assets.
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24/7 Access to Funds:
- Unlike traditional banks, YouHodler offers 24/7 access to XLM funds. This constant accessibility ensures that users can manage and monitor their savings account without restrictions, a departure from the limitations imposed by conventional banking hours.
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Stellar Savings Account to Mitigate Volatility:
- Acknowledging the volatility of XLM and other cryptocurrencies, YouHodler's Stellar Savings Account provides a means for users to earn XLM interest without exposing themselves to unnecessary risks. This reflects the platform's understanding of market dynamics and commitment to user security.
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Utilizing Earned Interest to Grow Portfolio:
- After earning interest on XLM, YouHodler offers a variety of tools to help clients multiply their crypto assets, such as the process of obtaining loans. This strategy enables users to leverage their earned interest for further portfolio growth.
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YouHodler Wallet App:
- The YouHodler wallet app serves as a secure space for storing Stellar (XLM) like a regular wallet. The unique feature of earning interest on the XLM wallet balance distinguishes it from traditional wallets, adding a passive income element to the user experience.
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XLM Interest Mechanism:
- Users can earn interest on XLM similarly to traditional bank savings accounts, but with a key distinction—YouHodler offers a competitive 5.65% interest on Stellar, a rate significantly higher than what traditional banks typically provide.
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Earning Free XLM:
- By simply depositing XLM into the YouHodler wallet, users can earn free XLM every week. This incentivizes users to participate in the savings program, providing them with a regular source of passive income.
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Cumulative Interest and Compound Interest:
- YouHodler introduces the concept of cumulative interest for HODLing XLM in the wallet, calculated on a weekly basis. This compound interest model sets it apart from traditional banking practices, potentially leading to more significant returns for users.
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XLM APY & Yield:
- Unlike other platforms that use APR, YouHodler employs APY (Annual Percentage Yield), providing users with interest payments that factor in the compounding effect. This results in users receiving more XLM at the end of the year due to cumulative interest.
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XLM Savings Calculator:
- YouHodler offers a user-friendly XLM Savings Calculator, allowing users to project their savings growth over different periods of HODLing—3, 6, or 12 months. This tool empowers users to make informed decisions based on their financial goals.
In summary, YouHodler's XLM Savings Account presents a comprehensive and user-friendly approach to earning interest on Stellar, catering to both novice and experienced cryptocurrency enthusiasts. The platform's commitment to customer satisfaction, coupled with innovative features, distinguishes it in the competitive landscape of crypto savings solutions.
