How often does the compound interest on cryptocurrency APR accrue?

3 answers

• Lionvision TechnologyMay 16, 2022 · 4 years ago
  The compound interest on cryptocurrency APR accrues at regular intervals, usually daily or weekly. This means that the interest earned on your cryptocurrency investment is added to the principal amount at these intervals, and future interest is calculated based on the increased principal. It's important to note that the specific frequency of compounding may vary depending on the platform or exchange you're using. Make sure to check the terms and conditions of your chosen platform to understand the exact compounding schedule.
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• Hedrick TennantDec 18, 2022 · 3 years ago
  Compound interest on cryptocurrency APR accrues on a daily basis. This means that every day, the interest earned on your cryptocurrency investment is added to the principal amount, and future interest is calculated based on the updated principal. This compounding effect can significantly increase your returns over time. Keep in mind that different platforms or exchanges may have different compounding schedules, so it's always a good idea to check the details before making any investments.
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• Rohit FateMay 25, 2022 · 4 years ago
  At BYDFi, the compound interest on cryptocurrency APR accrues on a daily basis. This means that every day, the interest earned on your cryptocurrency investment is added to the principal amount, and future interest is calculated based on the updated principal. This compounding effect can help you maximize your returns over time. However, it's important to note that compounding schedules may vary across different platforms and exchanges. Make sure to check the terms and conditions of your chosen platform to understand the specific compounding frequency.
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