When people in El Salvador receive bitcoins, they are advised to deposit them in BlockFi if possible
Bitcoin will be officially recognized as legal tender in El Salvador starting in September 2021.
This will distribute bitcoins to many people in El Salvador.
However, it will be difficult to use bitcoin as a currency, considering its slow processing speed and transfer fees.
So I recommend depositing "bitcoins" and using the interest to increase your bitcoins.
You can use the bitcoins you receive to grow your bitcoin portfolio. If you are interested, you can buy more bitcoins and increase the amount you deposit. The more bitcoins you deposit, the more bitcoins you will receive in interest.
You can exchange the bitcoins you receive from that interest for legal tender (dollars) to use for everyday purchases, or if you are interested in other virtual currencies.
So, which service do you recommend where you can deposit bitcoins and get interest?
My recommendation is [BlockFi].
BlockFi is easy to use because all you have to do is deposit your bitcoins.
Interest is paid monthly.
BlockFi can also be exchanged for a variety of virtual currencies.
For example, BlockFi can be exchanged for various currencies such as ETH, which has the second largest market capitalization, USDT and USDC, which are staple coins with a higher API than bitcoin, and PAXGOLD, which is linked to the price of gold.
Furthermore, BlockFi offers one fee-free virtual currency transfer per month.
So if you've been given bitcoins but can't think of any particular way to use them, I recommend depositing them in BlockFi.