---

Now you can earn interest on your Bitcoin wallet just like a bank savings account.

NEW DELHI: While Indian banks and cryptocurrency exchanges continue to have a love-hate relationship, with some lenders adamant about not doing business with them, one crypto exchange has come up with a novel strategy to attract investors.

ZebPay has chosen to pay interest on cryptos that investors store in their wallets after developing a product that allows investors to deposit cryptocurrencies like bank fixed deposits to earn interest.

ZebPay Earn, a new service that allows clients to earn returns on the cryptocurrencies available in their spot and trading wallets, was unveiled this week. According to the business, it is the first exchange in India to offer such a function.

ZebPay Earn will support earnings on Bitcoin (BTC), Ether (ETH), Tether (USDT), Polygon (MATIC), Binance Coin (BNB), and Dai are some of the most popular digital currencies (DAI). Returns can be generated on an investor's spot or trade wallet balance.

Every day at 5.30 a.m., the returns will be calculated based on the daily eligible balance. The earnings cycle will last a month, with monthly profits credited by the 7th of the following month, according to the business.

The minimum earnings per coin will be one Satoshi. A Satoshi is the smallest unit of Bitcoin, equal to one hundred millionth of a token, and is currently worth Rs 0.024.

“At ZebPay, we're always thinking of new ways to encourage our users to invest in crypto for the long term in order to maximise their profits. We've added the ability for ZebPay customers to not only keep but also trade while earning rewards on their balance. We want our customers' coins to continue to profit for them in several ways while they sit in their wallets,” said Avinash Shekhar, ZebPay's Co-CEO.

After logging into their account, all users will be able to see the list of currencies on which they can receive returns as well as their earnings. According to the firm, all registered ZebPay clients who have completed their KYC will be entitled to earn returns on their trade wallet balance via ZebPay Earn by default.