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My review of Magnr and Bsave Bitcoin savings accounts
Thought I'd write something up for my experience at both of these savings accounts since one was really great and the other was not so great. I'm not affiliated with either of these companies in any way, just would like to share my experience for anyone who would think it's helpful. Magnr seems to be a well known and widely used savings account that promises a fixed rate of 1.28% paid out in monthly installments. I funded my account several times and had uncomfortably long wait times before the funds showed up. Their site says the earnings are accrued daily yet the amount to be paid balance stayed at a fixed amount not representing daily increases. This made it confusing on how much I was earning and when the periods started or began. They also stated that users should transfer funds out of their savings if any forks were to occur in order to receive the additional coins. Then they sent out a weird email saying new coins would be paid in the form of interest? In the end the amount of interest earned was completely obliterated by fees, not to mention the 24 hour hold time on any withdrawal requests. Maybe this would be good if you have over a full BTC and aren't going to look at it for more than a year, which does not fit my needs. I recently found out about Bsave.io and thought I would try it out with some Nice Hash earnings. My experience there was quite the opposite of Magnr, the interest earned ranges slightly from day to day, but is paid out every 24 hours in Bits. This was a really cool feature because the simple interface showed how much longer remained until the next payout, the estimated payout amount, and the historical payouts. The biggest drawback was the initial deposit had to be a minimum of .05 BTC which is decent a bit of change. I was earning about 5 bits every 24 hours for the .05 BTC I deposited which was about 5 cents a day or about 1.2%. My favorite things about Bsave were the consistency of the payouts and when it came to withdraw the BTC to Bittrex, it took just as long as from a normal wallet which says something about their trustworthiness. So in short I would recommend using Bsave.io if you want an easy way to generate interest on the coin you already plan to hold for a while. It's simple user interface shows real tangible earnings that make sense and if you ever need to pull it out, it's available right away.
Popular Bitcoin saving solution BSAVE.IO is closing its doors
Dear BSaver21st of February 2019 We would like to thank you for being a part of our community, for your unwavering support and your continued loyalty. It has been our pleasure to be a part of such vivid community and groundbreaking ecosystem. BSave Ltd. will be closing its online operation on the 23rd of March 2019 (“Closing Date”) and you are requested to withdraw all available funds before that date. Please note that we will stop paying interest on deposits from the 21st of February 2019 . All unclaimed funds will be held in our wallet for an additional period of 30 days, until the 22nd of April 2019 (“Final Day of Operation”). IMPORTANT Funds withdrawn after the Closing Date will be charged 0.27% storing fee per day. For example, a 10 BTC balance after 20 days will be worth, before transaction fees, 9.46 BTC = 10*(1-(0.27%*20)). Any withdrawal request past the Closing Date will be done as follows: Requests will be sent until the 15th of April 2019 (“Last Submission Date”). Requests will be sent to [email protected]. The requestor must attach the following documents/information (“Verification Process”): Color scan/photo of your passport; A recent (last three months) proof-of-address document. An electronic bank statement or utility bill, as well as a photo, are all accepted; A selfie/webcam photo of yourself holding a paper with your ID and the following text "BSave withdrawal request, [request date]" in a well-lit room; The date in which you opened your BSave account; First deposit date and the address from which you sent the funds; Last withdrawal address used, if withdrawal was made. The company will process all validated requests, users that proved ownership of the account through the Verification Process, once a week. We will no longer be available to provide any assistance after the 22nd of April. Please let us know if we can answer any questions or provide assistance. We will be available from Sunday to Thursday during business hours, 7AM-15PM (GMT), until the 22nd of April 2019 , which will be BSave’s Final Day of Operation. Again, we thank you for being a valuable customer to our company and your loyalty all these years. The BSave Team
Bsave is a company that pays for bitcoin deposits. Where does bsave's revenue come from to pay interest?
Bsave pays x% for bitcoin deposits. The website does not say what it does with the bitcoins. What does it do with the bitcoins? Lends them to margin traders? Who is bsave lending the bitcoins to for generating the revenue necessary to pay for the bitcoin deposits? Thank you.
Anyone have experience with Bitcoin interest bearing accounts like BSave.io or Coinstaker?
Just wondering if anyone has some personal experience with some of these new accounts that reputedly pay interest in BTC for holding in their accounts, sometimes daily. While it sounds like a good way to hodl while earning, I am a bit leery about putting my coins in ant kind of control of anyone, as they can be too easily taken. Was wondering if anyone had some experience with any of them and how it was
The Brave browser is a fast, private and secure web browser for PC, Mac and mobile. Download now to enjoy a faster ad-free browsing experience that saves data and battery life by blocking tracking software. Welcome Let’s Talk Bitcoin Listeners. BSave bietet ihnen diese Möglichkeit und verspricht zurzeit etwa 2,5 % p.a. auf Einzahlungen in das BSave-Sparkonto. Bitcoin News: BSave – Sparkonto für Bitcoin. Schön waren die Zeiten in denen uns die Banken 2,5 % Zinsen auf Tagesgeld und Sparbuch zahlten – keine fixen Laufzeiten, keine Festgeldanlagen, keine Risikoinvestments. Diese Zeiten sind jedoch vorbei. Inzwischen gibt es selbst ... Werbeverweigerer sollen per Bitcoin an die Betreiber von Websites zahlen können. Bisher gibt es jedoch noch keine Medienpartner, dafür steht die Konkurrenz bereits in den Startlöchern. BSAVE Bitcoin Savings. BSAVE is a unique service that allows you to immediately profit from your dormant bitcoin. It takes just seconds to transfer your bitcoin from your wallet to your BSAVE saving account and you will immediately begin to receive daily interest payments. BSAVE saving account guarantees full liquidity. You can withdraw your funds at any time without financial penalties. We ... Crypto Wallets für Bitcoin, Litecoin, Ethereum, ERC 20 Token, Dash, Doge, Zcash, NEM, Ripple zeige alle. Ledger Nano S - Kryptowährung Hardware Wallet für Bitcoin, Ethereum, Altcoins und ERC 20 Token. Ledger Nano S - Kryptowährung Hardware Wallet für Bitcoin, Ethereum, Altcoins und ERC 20 Token . ab 64,99 € * CoolWallet S Bluetooth Hardware Wallet für Bitcoin, Ethereum (ERC20 Token ...
BSave introduce the First Bitcoin Savings Wallet Earn interest by the minute. Get paid every 24H. Watch this video to understand how it works. Salvarbloco apresentar a Carteira Primeira Bitcoin Poupança ganhar juros a cada minuto. Seja pago a cada 24h. Veja este vídeo para entender como ele funciona... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. BSave is about helping people save their Bitcoins and to benefit generously with our interest bearing account. BSave is the only Bitcoin savings account that... how to start a bitcoin savings account - BSAVE - Duration: 5:13. Haus of skillz small business R&D/Investments 867 views. 5:13. Vimworld Launched on Vechain, Shopify Joins Libra, Cardano deploys ...