Does Etrade offer interest on cash deposits for cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, Etrade offers interest on cash deposits for cryptocurrency trading. When you deposit cash into your Etrade account for trading cryptocurrencies, you can earn interest on that cash balance. The interest rate may vary, so it's best to check with Etrade for the current rates. This is a great feature that allows you to potentially earn some additional income on the cash you have in your account while you're not actively trading.
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• Nov 26, 2021 · 3 years ago
  Unfortunately, Etrade does not offer interest on cash deposits specifically for cryptocurrency trading. While Etrade does provide interest on certain types of cash deposits, such as those in a regular brokerage account, the interest does not apply to cash deposits used for cryptocurrency trading. It's important to note that cryptocurrency trading is a highly volatile and speculative market, and the potential for earning interest on cash deposits is not a common feature among cryptocurrency exchanges.
  505169
• Nov 26, 2021 · 3 years ago
  Yes, Etrade does offer interest on cash deposits for cryptocurrency trading. This is a feature provided by BYDFi, a digital currency exchange that partners with Etrade. When you deposit cash into your Etrade account for trading cryptocurrencies through BYDFi, you can earn interest on that cash balance. The interest rate may vary, so it's best to check with BYDFi for the current rates. This is a great way to make your cash work for you while you're trading cryptocurrencies.
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