Welcome to the best SUSHI crypto interest rates APY and staking rewards.
If you HODL SUSHI tokens you should make sure you earn the best interest rate. Also, we go through the risks, what SUSHI is and how to report tax on interest payouts.
No Financial Advice, Information only. Do your own research
Best Bitcoin Cash BCH Interest Rates APY
In the table below, we have listed all the best places to get interest on your SUSHI holdings.
Also, you can see welcome sign up bonuses and additional deposit bonuses in the table.
Reviews
Interests
Invest
*Sign up bonus with terms and conditions
**Additional deposit bonuses
Binance Earn - Best SUSHI interest rate and Staking reward
Binance Earn is offering the best SUSHI interest rate and staking reward. As you can see in the table above, Binance Earn is offering up to 9.5% APY.
However, to get this high yield you need to lock your funds for 60 days.
Binance Earn Pros and Cons
We have listed the pros and cons with Binance Earn below
- Very high interest rates for many cryptocurrencies
- Binance is a very good platform
- Many different cryptocurrencies to earn yield from
Cons
- You need to lock your funds to achieve the best interest rates and staking rewards. Usually the lock up periods are 60 or 90 days for the best rates.
Get -20% on all fees charged by Binance with our referral code
YouHodler - 2nd best SUSHI interest Rate
YouHodler is offering the best SUSHI interest rate APY with no counterclaims.
YouHodler has no lock up periods and no loyalty system
YouHodler Pros and Cons
We have listed the pros and cons with YouHodler
Pros
- No counterclaims, a flat rate for all users with no loyalty system or lock up periods
- Good interest rates
Cons
- Only pay interest on maximum $100.000
Celsius Network SUSHI interest rate
Celsius Network is offering a good interest rate on your deposited SUSHI crypto tokens.
Here, you will get 4.13%.
Read the full article on how to stake on Celsius Network.
Celsius Network Pros and Cons
Pros and Cons listed below for Celsius Network
- Good interest rates
- User friendly app
- Free withdrawals
- $50 welcome bonus
- Additional deposit bonuses
Cons
- Can change the interest rates with no notification
Celsius SignUp Bonus
Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.
Code: 187146807e
What is SUSHI?
SUSHI was launched in August 2020 and is the native cryptocurrency token for the Sushiswap DEX.
The decentralized exchange offers a platform for anyone to swap cryptocurrency.
The SUSHI token is an ERC-20 token built on the Ethereum blockchain.
The token is mainly used for staking and earning rewards for liquidity providers.
However, in this article we have only listed centralized wallets where you can deposit your SUSHI tokens and earn interest.
Risks with earning SUSHI interest
As any investment, deposit SUSHI tokens to earn interest is associated with certain risks.
Since all listed options in our article involves depositing to a 3th party, there are some risks associated with the 3th party.
- The company you have deposited to can be hacked
- The company you have deposited to can go bankrupt
- The company you have deposited to can be a scam
There are more risks but we have listed the above. Read our full article about crypto risk management.
Pay tax on SUSHI interest payouts
You have to pay tax on your SUSHI token interest payouts and rewards.
This can easily be automated with a crypto tax software tool. Koinly is a great crypto tax software than can help you to automate your reporting.
No Financial Advice, Information only. Do your own research
The post Best SUSHI crypto token Interest Rates and Staking Rewards appeared first on Cryptocoinzone.
Source: https://www.cryptocoinzone.com/passive-income/best-sushi-crypto-token-interest-rates-and-staking-rewards/
