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Can I earn interest on my cryptocurrency holdings with M&T Bank?

avatarBismillah BerhasilDec 16, 2021 · 3 years ago3 answers

Is it possible to earn interest on the cryptocurrency I hold with M&T Bank? I'm interested in finding a way to make my crypto assets work for me and generate passive income. Can M&T Bank provide such a service?

Can I earn interest on my cryptocurrency holdings with M&T Bank?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, M&T Bank does not currently offer interest-earning services for cryptocurrency holdings. As a traditional bank, their focus is primarily on fiat currencies and traditional banking services. However, there are other platforms and financial institutions that specialize in cryptocurrency lending and staking, which can provide opportunities for earning interest on your crypto assets.
  • avatarDec 16, 2021 · 3 years ago
    No, M&T Bank does not support interest-earning on cryptocurrency holdings. They are a traditional bank and do not have the infrastructure or expertise to handle cryptocurrencies. If you're looking to earn interest on your crypto, you might want to explore other options such as decentralized finance (DeFi) platforms or cryptocurrency exchanges that offer staking or lending services.
  • avatarDec 16, 2021 · 3 years ago
    While M&T Bank doesn't offer interest on cryptocurrency holdings, there are other platforms like BYDFi that provide opportunities for earning interest on your crypto assets. BYDFi is a decentralized finance platform that allows users to lend their cryptocurrencies and earn interest in return. It's a great way to make your crypto work for you and generate passive income.