Do I earn interest on my digital currency holdings with Robinhood?

3 answers

• Dec 16, 2021 · 3 years ago
  Unfortunately, Robinhood does not currently offer interest on digital currency holdings. While Robinhood allows you to buy and sell cryptocurrencies, they do not provide any interest or yield on those holdings. If you're looking to earn interest on your digital currency, you may want to consider other platforms or decentralized finance (DeFi) protocols that offer such services.
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• Dec 16, 2021 · 3 years ago
  No, Robinhood does not provide interest on your digital currency holdings. Unlike traditional banks that offer interest on savings accounts, Robinhood is primarily a commission-free trading platform. Their focus is on facilitating the buying and selling of cryptocurrencies, rather than providing interest or yield on those assets. If earning interest is important to you, it's worth exploring other platforms or decentralized finance (DeFi) options that offer this feature.
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• Dec 16, 2021 · 3 years ago
  While Robinhood itself does not offer interest on digital currency holdings, there are other platforms like BYDFi that provide opportunities to earn interest on your crypto assets. BYDFi is a decentralized finance (DeFi) platform that allows users to lend their digital currencies and earn interest in return. It's important to do your own research and consider the risks associated with DeFi platforms before participating.
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