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What is the interest rate offered by Robinhood for cryptocurrencies?

avatarCarstens MendozaJan 07, 2022 · 3 years ago3 answers

Can you provide information about the interest rate offered by Robinhood for cryptocurrencies? I'm interested in knowing the current rates and how they compare to other exchanges. It would be great if you could also explain how the interest is calculated and paid out.

What is the interest rate offered by Robinhood for cryptocurrencies?
Cryptocurrencies
Robinhood
Interest Rate

3 answers

  • avatarJan 07, 2022 · 3 years ago
    The interest rate offered by Robinhood for cryptocurrencies is currently 0.30% APY. This rate is subject to change and may vary depending on market conditions. Compared to other exchanges, Robinhood's interest rate is relatively competitive. The interest is calculated daily and paid out monthly. It is important to note that the interest rate may differ for different cryptocurrencies offered on the platform.
  • avatarJan 07, 2022 · 3 years ago
    Robinhood offers an interest rate of 0.30% APY for cryptocurrencies. This rate is quite attractive compared to some other exchanges. The interest is calculated based on the average daily balance of your cryptocurrency holdings and paid out monthly. It's a great way to earn passive income on your crypto investments.
  • avatarJan 07, 2022 · 3 years ago
    BYDFi, a leading digital asset exchange, offers an interest rate of 0.30% APY for cryptocurrencies. This rate is competitive and provides an opportunity for users to earn passive income on their crypto holdings. The interest is calculated daily and paid out monthly. It's a convenient way to grow your crypto portfolio while holding your assets securely on the exchange.

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