What is Simple Earn?
The cryptocurrency market is constantly evolving, and new words, phrases, and abbreviations appear that are not clear to the average user. This means that you, as a beginner, may not know all the intricacies of investing in cryptocurrency. But, fortunately, there are excellent programs like Simple Earn, which allow the user to consistently earn crypto in the cryptocurrency market, even for beginners. In today’s review, we decided to figure out what Simple Earn is and for whom it is most suitable.
First, let’s take a look at what is a “learn and earn crypto” program. In simple words, the “learn and earn crypto” program is the receipt of income from cryptocurrencies for some action. For example, users can earn passive income when the user is investing in certain crypto assets like bank deposits.
How does it work? Most of the top cryptocurrencies use the Proof of Stake algorithm, which secures the decentralized network and can secure any transactions within the blockchain without the need for a bank or any other financial institution or service.
With these crypto-assets, users can earn crypto rewards simply by protecting each blockchain of these crypto-assets and holding some assets for a certain time. This works exactly like bank deposits but gives a much higher annual percentage return on the amount that the user invested with Simple Earns, for example. In the blockchain itself, the client will receive crypto rewards, which, as it were, is a percentage of the bank deposit.
Most cryptocurrencies have shown their instability due to very high volatility. Therefore, the crypto community decided to launch stablecoins, which actually means stable coins, that is, those that are not subject to strong price fluctuations in the market. In most cases, they are tied to USD and are the most reasonable solution for financial stability in the market of cryptocurrencies.
Simple App has a profitable learn and earn crypto solution where client can gain passive income from holding crypto assets. The easiest way to earn crypto rewards is to use Simple Earns. Simple App in its Simple Earns program offers access to numerous crypto assets. Among them: USD Coin, Bitcoin, Ethereum, Shiba Inu, Dogecoin, Binance Coin, Solana, Chainlink, Polygon, Litecoin, Tron, Tether, Uniswap, Fantom, Bitcoin Cash, Axie Infinity, Decentraland, The Sandbox, The Graph, FTX Token.
The situation with “earn crypto rewards” resembles the situation in the stock market. But we have some different possibilities here. Bitcoin allows user to generate income in two ways: when its price starts to rise, and user can also learn and earn crypto with an attractive yield when user invest in bitcoin. The Simple Earns program allows the user to receive a guaranteed return of 10% on investments in bitcoin, which gives 10x more profit than bank deposits.
To earn crypto rewards program from Simple App is not taxed income, since this is a new type of income and the tax institutions of various countries have not yet introduced their income taxes for this type of passive income. But still, this does not mean that user can be completely exempt from taxes, customer can pay income tax when client provide service for customers to buy or sell crypto. Accordingly, learning and earning crypto will look like an additional source of income, and it will not be subject to income taxes. Each country defines its own minimum income that is not taxed. Accordingly, if a customer receive, for example, 800 USD of additional income, then this amount is not subject to taxation.
As the crypto economy develops, there are many opportunities for coin earning, earning crypto rewards, and earning crypto while learning. All these features appear in the Simple App. And to earn crypto while learning program has been well received by the existing customers of Simple App.
How to earn interest in crypto?
As mentioned above, most cryptocurrencies can be very unpredictable, so coin earning when customer buy and hold dollar-pegged stablecoins such as USD Coin (USDC) is a great solution. At the moment, client can receive 15% APY, which is simply the best option compared to bank deposits. And only the Simple Earn program can boast of such a high percentage. This program is also called USDC Lending.
Most of these investment programs in stablecoin are referred to as CeFi (centralized) Lending Platforms, which allow user to predict their value, which significantly distinguishes them from DeFi (decentralized) coins, which can be subject to high volatility and have the risk of being devalued.
The advantage of CeFi Lending Platforms is that they can guarantee returns up to 15% per annum. There are also stablecoins based on the DeFi protocol, for example, the DAI cryptocurrency, which is pegged to the USD rate, and its volatility does not exceed 5%. Thanks to the CeFi Lending protocol, it has become possible to make deposits, borrow, send and receive cryptocurrency, which is quite stable in its price. Thanks to this, Simple App users are provided with an investment that is under control and can earn 15% per annum, for example, on USDC (USD Coin). On the Simple App website, user can find a calculator that will show how much profit customer can get by holding assets in one or another stable coin.
How to earn interest on crypto with the Simple App?
- Download apps
- Top up account with a bank card.
- Buy USDC
- Store crypto assets in USDC.
That’s all it takes.
Considering this type of investment in terms of the cryptocurrency reward program from the Simple App, it is worth noting the benefits through which users choose the Simple Earn program among others.
Why do customers choose Simple App?
Simple App allows one of the best crypto solutions where user can buy, sell, store, and coin earning on bitcoin and other cryptocurrencies.
Additional advantages of the Simple Earns program are the following.
1) Provide industry-leading security with the most advanced communication protocols. Among them are cold storage systems and offline storage of crypto assets.
2) Security of user accounts. Thanks to Two-Factor Authentication (2FA), which provides double account protection and requires confirmation of actions using special 6-digit synchronized codes that only the service, or customer know.
3) High profitability of coin earning, which is 10x more than a bank deposit.
4) Access to crypto assets at any time. Client can exchange crypto assets for fiat without any hidden fees and charges and without any withdrawal limit.
5) The profitability of the Simple Earns program is higher than inflation in highly developed countries.
6) User can control and spend crypto assets as customer wish. For example, client can send stablecoins as payment for something.
7) Monthly remuneration is calculated on a daily basis.
When user receive coin earnings, for example, with bitcoin, customer increase long-term financial benefit. All this is due to the fact that client receives profitability from two factors: the growth in the value of bitcoin and a guaranteed return of 10% per year. When customer choose the place and service with which will store bitcoins, be sure of the security of the service and its high-quality customer support.
The best scenario for obtaining profitability from crypto assets is the Simple Earns option when user store bitcoin and get a guaranteed 10% per annum, as well as a profit from the rising price of bitcoin. The second-best option is to invest in stablecoin USDC where client are guaranteed to earn a 15% annual return. This is the best solution when user plans to create wealth by investing in cryptocurrencies for the long term.
Disclaimer: This is a paid post and should not be treated as news/advice.