1) What is a cryptocurrency savings deposit?

This is a service similar to the commercial bank savings product, but applies to cryptocurrencies. Instead of fiat money, when you deposit cryptocurrency for a period of time, you can receive principal and interest at a preset interest rate.

2) Why should you deposit e-money?

There are many reasons why you should consider sending crypto savings.

The biggest advantage of this form is that it usually has a much higher interest rate than traditional savings accounts at commercial banks. There are a number of platforms that offer double digit interest rates. Such high interest rates are designed to offset the risks investors must take due to the volatility of the cryptocurrency market. However, if you hold USD stablecoins such as USDT or USDC, this risk is very small as the value of these coins is backed by real dollars.

Second, you can benefit from two sources with this savings account. During the bull market, you benefit from both the rise in the price of coins and the interest rate on savings. So, if you are holding a good coin with the expectation that it will grow in the medium to long term, opening a savings account will help your investment grow more.

Plus, saving is a safer way for you to keep your cryptocurrency than keeping it in hot wallets on exchanges. Meanwhile, some platforms that offer crypto-saving services like Uupfi are transferring all user deposits to cold wallets in order to minimize the risk of a hacker attack on wallets.

3) Who Should Deposit Crypto Savings?

For busy investors, a savings account is a great solution to keep cryptocurrencies safe and enjoy high interest rates without spending a lot of time monitoring the market.

This is also a suitable option for investors who have the time, knowledge and frequent transactions in the market. Because every “wave” up and down takes a certain amount of time. So if we wait for the right time to buy and sell, should we choose to keep money in a hot wallet on the exchange or save it?

Especially for those who want to invest and keep coins for the long term, saving is a form of investment that should not be missed.

4) What is Uupfi?

Uupfi is a joint venture company founded and operated by Blockwater – the leading cryptocurrency investment company in Korea and Coinplug – the company that owns the most blockchain patents in the world.

Uupfi currently offers electronic money saving services, including flexible savings products (Uup Savings) and time savings products (Uup Savings +).

The flexible savings product enables users to deposit and withdraw free of charge at any time and without blocking. Time-saving products now offer higher interest rates, but electronic assets are blocked until the end of the deposit period selected by the user. Users can select suitable products depending on the investment purpose and trends.

5) Is it safe to deposit money at Uupfi?

All cryptocurrencies stored at Uupfi are transferred to cold wallets for security. The assets are then managed and invested by Uupfi’s trading experts, and some are entrusted to reputable crypto trading companies for steady income. In addition, Uupfi experts conduct 24/7 monitoring and audits to prevent the loss of users’ assets.

In addition, Uupfi also operates an insurance fund to protect clients’ assets. Although there have been no more incidents since Bankbit – the predecessor of Uupfi launched in 2019, in the event of an unexpected incident such as a hacked system, this is a guarantee of the amount deposited by the customer. The insurance fund is continuously accumulated from 20% of Uupfi’s monthly profit and is publicly announced on the first working day of each month in the “Notifications” section of the Uupfi website.

6) advantages of Uupfi compared to other savings offers?

The most attractive point of Uupfi is the application of the second highest interest rate in the market. In addition, although Uupfi is a foreign company, its website offers Vietnamese language support and customer care services from Vietnamese staff, which is convenient for Vietnamese users.

Coins currently supported for saving at Uupfi include BTC, ETH, USDT, USDC, BUSD, UST, FRAX, DAI, and TUSD.

You can save at Uupfi from as little as 100 USD (approx. More than 2 million Vietnam Dong). Below you will find the Uupfi interest plan (valid from November 1, 2021).

The current interest rates can be found at

https://bit.ly/Uupfi-TietkiemUup
https://bit.ly/Uupfi-TietkiemUupPlus

7) Instructions for registering an account

Currently, Vietnamese users only need a Vietnamese phone number with the first number 09 to open an account with Uupfi. Other phone numbers are not yet supported.

Enter https://bit.ly/Uupfi-Coincu-Dangky and follow the steps below to register.

Follow Uupfi’s official fan page so you don’t miss any offers: https://bit.ly/Facebook-UupfiGlobal

Inbox for questions and support in Vietnamese: https://bit.ly/Uupfi-Dichvukhachhang