ALL YOU NEED TO KNOW ABOUT VIBRA LOCKED SAVINGS
Updated: Mar 14
Like traditional locked savings, crypto locked savings is a type of investment in which an investor deposits cryptocurrency into an account for a fixed period of time, typically ranging from a few weeks to several months. In exchange for the deposit, the investor receives a guaranteed return on their investment at a fixed interest rate. In this article, we'll cover everything you need to know about crypto locked savings.
How does a VIBRA crypto locked savings work?
VIBRA locked savings work similarly to traditional locked savings. Investors deposit their cryptocurrency into an account for a fixed period of time, and in exchange, they receive a guaranteed return on their investment at a fixed interest rate. At the end of the fixed term, the investor can withdraw their original deposit. The interest is usually paid on daily basis into the subscriber's spot account.
With an annual percentage yield of up to 3% on BTC, ETH, BNB and USDT, VIBRA offers one of the best crypto fixed deposit interest rates in the world.
Read also: VIBRA LOCKED SAVINGS: The Best Way to HODL and Earn
Why invest in VIBRA crypto locked savings?
There are several benefits to investing in crypto locked savings. First, it provides a guaranteed return on investment, which can be especially appealing in a bear market. Second, the interest rates on VIBRA crypto locked savings can be higher than those offered by traditional savings accounts or other investment options. Finally, investing in a VIBRA crypto locked savings can help diversify an investor's portfolio and provide exposure to the cryptocurrency market.
Is VIBRA crypto locked savings safe?
As with any investment, there are risks associated with investing in crypto locked savings. One of the most significant risks is the volatility of the cryptocurrency market. The value of cryptocurrency can fluctuate wildly, and there is no guarantee that an investor's initial deposit will maintain its value or appreciate over time. Additionally, some crypto locked savings providers may not be as reputable as others, so it's important to do your research and choose a reputable provider.
How do I lock my crypto?
Locking your crypto in VIBRA can be done using the following simple steps.
Open your VIBRA app (if you don't have an account click here to register) > Savings > Choose a subscription plan > Input Amount > Confirm.
Note: Your subscription will take up to 14 days or two weeks before it's locked. Your lock period starts and interest counting on it's locked.
As for users with existing positions on Locked Savings, they may view and manage their positions via Wallet > VIBRA Earn > Locked Savings.
Please rest assured that all users’ assets are secure with VIBRA Earn, and there will be no changes to your existing positions. The rewards calculation and distribution mechanisms remain intact. Digital assets/currencies will be automatically credited to the user’s Spot wallet upon the redemption date.
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