{"id":488,"date":"2023-04-12T06:48:58","date_gmt":"2023-04-12T06:48:58","guid":{"rendered":"http:\/\/squallmotion.com\/?p=488"},"modified":"2023-11-22T16:50:57","modified_gmt":"2023-11-22T16:50:57","slug":"earn-up-to-8-annually-on-bitcoin-with-active-rewards","status":"publish","type":"post","link":"http:\/\/squallmotion.com\/index.php\/2023\/04\/12\/earn-up-to-8-annually-on-bitcoin-with-active-rewards\/","title":{"rendered":"Earn up to 8% annually on Bitcoin with Active Rewards"},"content":{"rendered":"<figure><img decoding=\"async\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/cdn-images-1.medium.com\/max\/1024\/0*QE13y4AsTfTRqES8\"><\/figure>\n<p>Today we\u2019re introducing a new way to earn up to 8% annually on your Bitcoin (BTC): Active\u00a0Rewards.<\/p>\n<p>For those who have a market view on where the price of Bitcoin will go, Active Rewards can be used to maximize your potential rewards at up to 10x the rate of Passive Rewards (formerly \u201cRewards\u201d).<\/p>\n<h3>What is Active\u00a0Rewards?<\/h3>\n<p>Active Rewards provides a way for you to earn on your Bitcoin in an otherwise down or flat market. Specifically, it lets you subscribe to a strategy to earn rewards if you believe the price of Bitcoin won\u2019t go up significantly in the next\u00a0week.<\/p>\n<p>It could offer a significantly higher rewards rate on Bitcoin than Passive Rewards (up to 8% annually vs up to 0.65% annually, at current rates as of April 2023. <a href=\"https:\/\/www.blockchain.com\/en\/earn\">To view live rates visit our website<\/a>).<\/p>\n<figure><img decoding=\"async\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/cdn-images-1.medium.com\/max\/1024\/0*dJgTFZNZS4rMXeZ9\"><\/figure>\n<h3>How does it\u00a0work?<\/h3>\n<p>Every week, a new Active Rewards strategy is made available to all Active Rewards customers that sets a trigger price for Bitcoin that is higher than the current market price. If you believe the price will be under the trigger price at the end of the week, subscribe to the strategy and earn an annual rewards rate on your Bitcoin, paid out weekly on Fridays at 8am\u00a0UTC.<\/p>\n<p>The trigger price and the rewards rate are set at the start of each weekly cycle and if you don\u2019t withdraw your funds you\u2019ll automatically be rolled into the strategy for the following week.<\/p>\n<p>Since the specific trigger price changes each week, let\u2019s take a look at some scenarios using the following values:<\/p>\n<ul>\n<li>Currency: Bitcoin<\/li>\n<li>Duration: 1\u00a0Week<\/li>\n<li>Annual rate:\u00a08%<\/li>\n<li>Current price:\u00a0$20,383<\/li>\n<li>Trigger price:\u00a0$22,000<\/li>\n<\/ul>\n<p><strong>Scenario 1\u200a\u2014\u200aPrice of Bitcoin is at or lower than the trigger price at the end of the\u00a0week<\/strong><\/p>\n<p>If the price of Bitcoin ends the week at or lower than the trigger price, you\u2019ll receive your rewards for the week and your Bitcoin will be returned to you valued at the market\u00a0price.<\/p>\n<p>So in the scenario depicted below, if you start the week by depositing 1 Bitcoin in Active Rewards, you\u2019d end the week with 1.00147705 which would then be re-subscribed to earn rewards for the following week.<\/p>\n<figure><img decoding=\"async\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/cdn-images-1.medium.com\/max\/1024\/0*ENZVIa79fG1q-TFt\"><\/figure>\n<p><strong>Scenario 2\u200a\u2014\u200aPrice of Bitcoin is higher than the trigger price at the end of the\u00a0week<\/strong><\/p>\n<p>If the price of Bitcoin ends the week higher than the trigger price, you\u2019ll still receive your rewards for the week but your Bitcoin will be returned to you valued at the trigger price, resulting in a reduction in your Bitcoin-denominated balance.<\/p>\n<p>So in the scenario depicted below, you\u2019d start the week with 1 Bitcoin, at the end of the week you\u2019d receive your 0.00147705 Bitcoin reward, but because the price of Bitcoin went over the trigger price your Bitcoin balance would go down from 1 to 0.88147705 Bitcoin. Thus, you\u2019d have a balance of 0.88147705 Bitcoin which would be re-subscribed to earn rewards for the following week.<\/p>\n<figure><img decoding=\"async\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/cdn-images-1.medium.com\/max\/1024\/0*Y7DQqCeHuVaEcorQ\"><\/figure>\n<h3>What are the\u00a0risks?<\/h3>\n<p>While Active Rewards offers compelling weekly rewards on your Bitcoin, weekly market movements above the listed trigger price can reduce your Bitcoin-denominated balance.<\/p>\n<h3>How to get\u00a0started<\/h3>\n<p>You can get started by transferring as little as $1 in Bitcoin to an Active Rewards\u00a0Account:<\/p>\n<ol>\n<li><a href=\"https:\/\/login.blockchain.com\/en\/#\/open\/earn?utm_source=Blog&amp;utm_medium=Blog&amp;utm_campaign=ActiveRewards\">Log in<\/a> to your Blockchain.com Wallet using a web browser or a mobile\u00a0device.<\/li>\n<li>Click <strong>Earn<\/strong> in the navigation bar.<\/li>\n<li>Find <strong>Bitcoin (Bitcoin) Active Rewards<\/strong> in the table and click <strong>Get\u00a0started<\/strong>.<\/li>\n<li>Select your <strong>Bitcoin Trading Account<\/strong> or <strong>Bitcoin Private Key Wallet<\/strong>, enter the amount you\u2019d like to transfer, agree to the terms, and add\u00a0balance.<\/li>\n<li>Your Bitcoin has now been transferred to your <strong>Active Rewards\u00a0Account<\/strong>.<\/li>\n<\/ol>\n<p>Note: Active Rewards is not available in all countries. You can check your eligibility <a href=\"https:\/\/support.blockchain.com\/hc\/en-us\/articles\/6868798964508-Who-is-eligible-for-Active-Rewards-\">here<\/a>.<\/p>\n<p><strong>IMPORTANT NOTE:<\/strong><\/p>\n<p>The purchase of crypto entails a risk. The value of crypto can fluctuate and capital involved in a crypto transaction is subject to market volatility and\u00a0loss.<\/p>\n<p>Digital currencies are not bank deposits and are not legal tender. Blockchain.com\u2019s products and services are not subject to any governmental or government-backed deposit protection schemes. Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com\u2019s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" alt=\"\" class=\"lazyload\" data-src=\"https:\/\/medium.com\/_\/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=436c778d1388\"><\/p>\n<hr \/>\n<p><a href=\"https:\/\/medium.com\/blockchain\/earn-up-to-8-annually-on-bitcoin-with-active-rewards-436c778d1388\">Earn up to 8% annually on Bitcoin with Active Rewards<\/a> was originally published in <a href=\"https:\/\/medium.com\/blockchain\">@blockchain<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today we\u2019re introducing a new way to earn up to 8% annually on your Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/488"}],"collection":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/comments?post=488"}],"version-history":[{"count":1,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/488\/revisions"}],"predecessor-version":[{"id":489,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/488\/revisions\/489"}],"wp:attachment":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/media?parent=488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/categories?post=488"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/tags?post=488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}