Daily Crypto Compound Interest Calculator

When it comes to holding and earning cryptocurrency, there are plenty of options, but very few of them will let you earn compound interest. Compound interest is a great way to maximize your profits compared with non-compounding interest, resulting in more cryptocurrency in your pocket. A daily compound interest calculator crypto can make it easy to figure out how much you will earn with compound interest. But you should still understand what this type of interest is. 

Calculate Daily Compound Interest




At the end of the compounding process you will earn more tokens.

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At Haru, we’re offering up to 16% APY. With our Haru Earn Plus product you’re able to earn compound interest on your crypto. Lock it up as long as you want, earn more. Withdraw your earnings anytime you want. Visit Haru Earn Plus product page and learn more.

What Is Compound Interest?

 You do not need to understand compound interest to use a Bitcoin compound interest calculator and see your potential profits. However, it is still wise to have some basic understanding. After all, you should know why compound interest is so great for maximizing your passive earnings.

A Basic Definition

Compound interest is when you earn interest calculated based on the deposit as well as the past interest.

This contrasts with non-compounding interest that only considers the initial balance when being calculated.

How Compound Interest Accounts Work

With a compound interest account, you earn compound interest at set intervals. The most common intervals are daily, weekly, monthly, or annually.

One important note is that even if the interest compounds more frequently than once a year, most accounts will list the interest rate as an annual rate. You then have to divide this number by the number of times interest is calculated and compounded to find the percentage used each time.

For example, consider a fictional account with a 12% annual interest rate that is compounded monthly. It would have interest compounded 12 times a year, so the interest rate applied each month would be 1% (12% divided by 12 times).

A Simple Example

To show an example with simple yet impractical numbers, consider an account with 100 BTC and 1% compound interest. The first time you earned interest, it would just be on the deposit of 100 BTC. After this, the interest would be on the new total. It could look something like this:

  • Initial deposit of 100 BTC
  • Interest on 100 BTC brings the balance to 101 BTC
  • Interest on 101 BTC brings the balance to 102.01 BTC
  • Interest on 102.01 BTC brings the balance to 103.0301 BTC

By contrast, if the interest did not compound, the above example would only accumulate interest based on the initial deposit. It would be as follows:

  • Initial deposit of 100 BTC
  • Interest on 100 BTC brings the balance to 101 BTC
  • Interest on 100 BTC brings the balance to 102 BTC
  • Interest on 100 BTC brings the balance to 103 BTC

Compound interest initially brings a small increase in value, but over time, it adds up.

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The Numbers Get Complicated

You could theoretically calculate compound interest by hand, but it quickly gets out of hand. That is why most people prefer to use a compound interest calculator crypto. After all, you would have to calculate the interest rate used at each compounding and then calculate each new balance.

Written as a formula, it looks like the following:

Future Value with Compound Interest = (Principal)(1+(Interest Rate/Number of Times Compounded per Year))^(Years to Calculate)

This is too complicated for the average person to sit down and calculate themselves, especially given the numerous variables and odd numbers commonly used. After all, you probably will not deposit a whole number of Bitcoin. Plus, the interest rate is unlikely to be a whole number.

A Calculator Helps

A crypto daily compound interest calculator makes this much simpler for you. With it, you just need to enter the annual interest rate, compounding frequency, and initial balance. It will do the rest for you using the above equation.

With a crypto daily compound interest calculator to do the math for you, you can even make various calculations to compare the results with different interest rates or deposit amounts to figure out if it is worth depositing a bit more. Think of it as a Bitcoin savings calculator that helps you make informed decisions about your crypto savings account.

Earn Compound Interest With Haru

Once you understand the power of compound interest and can visualize the benefits with the help of a BTC daily compound interest calculator, you will likely want to start earning compound interest on your crypto. Haru is the perfect option for this, thanks to its high interest rates, daily compounding offer, and strong reputation.

Learn More about Haru Earn Plus

Compounds Daily

As you play around with figures in a daily compound interest calculator crypto, it becomes clear that the more frequently interest compounds, the greater your profits will be. As such, your best option is daily compounding interest, which is exactly what Haru offers. By compounding daily, your crypto savings account grows more quickly than it would with weekly, monthly, or annually compounding interest.

Great Rates

Haru also stands out with its great interest rates for cryptocurrency. Haru Earn accounts typically have above-average interest rates. Keep in mind that the earn rates vary, but Haru gives you biweekly notice for transparency.

Can Increase Rates With Lockup

The standard Haru Earn account does not have any lockup period, so you can withdraw your cryptocurrency at any time you want. If you want an even higher rate and do not plan on using your crypto in the near future, you can opt for a Haru Earn Plus account and choose your lockup period. Longer lockups result in higher interest rates.

Haru is transparent about these rates and how they vary based on your lockup period. With a crypto daily compound interest calculator, you’ll see how much more you would earn if you lock your crypto up for longer. This lets you use the Bitcoin compound interest calculator as a useful tool to find the perfect balance of a shorter lockup period and a higher interest rate.

Strong Reputation

In addition to offering great interest rates and daily compounding interest, Haru has a strong track record. It has also established itself as an expert in digital asset trading. This is particularly important given the lack of regulation in cryptocurrency. Haru goes above and beyond to keep your crypto safe and deliver competitive interest rates.

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