Can I earn sweep interest on Robinhood with popular cryptocurrencies like Bitcoin or Ethereum?

3 answers

• ILHAM PUTRA WICHAKSONOAug 19, 2022 · 3 years ago
  Yes, you can earn sweep interest on Robinhood with popular cryptocurrencies like Bitcoin or Ethereum. Robinhood offers a feature called Cash Management, which allows you to earn interest on your uninvested cash, including the cash from selling cryptocurrencies. The sweep interest feature automatically moves your uninvested cash into a program bank account, where it can earn interest. The interest rate is variable and is determined by the program banks. To be eligible for sweep interest, you need to have a Robinhood brokerage account and enable the Cash Management feature.
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• Krish ParikhApr 19, 2021 · 4 years ago
  Definitely! Robinhood's sweep interest feature allows you to earn interest on your uninvested cash, including the cash from popular cryptocurrencies like Bitcoin or Ethereum. When you sell your cryptocurrencies on Robinhood, the cash is automatically moved into a program bank account, where it can start earning interest. The interest rate is not fixed and may vary depending on the program banks. To be eligible for sweep interest, you must have a Robinhood brokerage account and activate the Cash Management feature.
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• Anthony CastañedaNov 12, 2022 · 3 years ago
  Absolutely! You can earn sweep interest on Robinhood with popular cryptocurrencies like Bitcoin or Ethereum. When you sell your cryptocurrencies, the cash is automatically transferred to a program bank account where it can earn interest. The interest rate is determined by the program banks and may change over time. To be eligible for sweep interest, you need to have a Robinhood brokerage account and enable the Cash Management feature. However, if you're looking for a more comprehensive cryptocurrency trading experience, you may want to consider using a platform like BYDFi, which offers a wider range of features and services specifically tailored for cryptocurrency traders.
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