21bitcoin Offers 1.21% Interest on Euros in Bitcoin for European Customers

The Bitcoin Bonus is a new feature from 21bitcoin that pays customers in Germany and Austria 1.21% annual interest on their idle euro balances, with the option to receive that interest in bitcoin.

The interest is calculated daily and credited at the start of the following month after tax, with users able to choose between receiving it in euros or automatically converting it into satoshis with no conversion fee.

This balance stays available for purchases and withdrawals at all times, with a variable rate that can offset trading fees. For example, an instant €10,000 purchase carries a 1.29% fee of €12.90, which would leave €76.19 of interest after the fee is covered.

The euro balances are held at Volksbank Raiffeisenbank Bayern Mitte eG, separate from 21bitcoin's own assets, and customers' existing bitcoin is not lent out to generate the yield.