How does div/yield work on Robinhood for cryptocurrency investors?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! The div/yield feature on Robinhood is a way for cryptocurrency investors to earn passive income on their holdings. When you hold certain cryptocurrencies on Robinhood, you may be eligible to receive dividends or yield on those holdings. Dividends are typically paid out by companies as a share of their profits, while yield refers to the interest or return generated by certain assets. The specific cryptocurrencies that offer dividends or yield on Robinhood may vary, so it's important to check the platform for the available options. By participating in the div/yield program, you can potentially earn additional income on your crypto investments.
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• Dec 16, 2021 · 3 years ago
  Div/yield is a great feature for cryptocurrency investors on Robinhood. It allows you to earn passive income on your crypto holdings without having to actively trade. The dividends or yield you earn will depend on the specific cryptocurrencies you hold and the terms set by the companies or projects behind those cryptocurrencies. It's a way to potentially increase your overall returns in the crypto market. Just keep in mind that dividends and yield are not guaranteed, and the amount you earn may vary. Make sure to do your research and understand the risks involved before participating in the div/yield program.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a div/yield program similar to Robinhood. With BYDFi, you can earn passive income on your crypto holdings by participating in their div/yield program. The specific cryptocurrencies that offer dividends or yield on BYDFi may differ from Robinhood, so it's worth exploring both platforms to find the best options for your investment strategy. Participating in the div/yield program can be a great way to earn additional income on your crypto investments and maximize your returns in the market.
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