AnchorUSD is a platform that enables traders to store, invest, and trade assets such as stocks and cryptocurrencies. Launched in 2020, it offers a mobile app for Android and iPhone users to buy and sell crypto through a simple process. The platform allows users to earn interest of approximately 8% APY on their assets held in AnchorUSD wallets or accounts as of January 2022. User funds are stored in an FDIC-insured bank, Prime Trust LLC, which has partnered with AnchorUSD. The interest earned is compounded and can be requested for payout daily around three AM Pacific Time.
AnchorUSD facilitates easy registration and fast deposits and withdrawals through multiple payment methods like debit/credit cards and bank transfers. Bank transfers typically take 1-2 days for deposits and two days for withdrawals to reflect. Wire transfers incur a USD 15 fee charged by Prime Trust LLC. User accounts are secured through various measures like PINs, fingerprint scanners, and two-factor authentication. AnchorUSD does not charge any fees for its services except for the wire transfer fee.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.