Crypto Savings Account FAQs PDF
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Uploaded by MagicalOboe
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Summary
This document provides frequently asked questions (FAQs) regarding crypto savings accounts. It discusses factors like rate of return, reasons to use a savings account for crypto assets, and the similarities to traditional savings accounts.
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1. What should you expect regarding the rate of returns in crypto savings? - Rates depend on the market and the coin - Rates are fixed and unchanging - Rates are higher every month 2. Why might someone with long-term crypto assets consider a savings account? - To earn passive income on their assets...
1. What should you expect regarding the rate of returns in crypto savings? - Rates depend on the market and the coin - Rates are fixed and unchanging - Rates are higher every month 2. Why might someone with long-term crypto assets consider a savings account? - To earn passive income on their assets - To avoid paying taxes - To keep the assets secure from the market 3. What is a crypto savings account similar to? - A traditional savings account but with cryptocurrency - A trading account
