How does Robinhood's cash interest feature work for cryptocurrency investors?

3 answers

• ALI ELSAYADJul 12, 2023 · 2 years ago
  Sure! Robinhood's cash interest feature allows cryptocurrency investors to earn interest on their uninvested cash in their Robinhood account. This means that when you have cash sitting in your account that is not being used to buy or sell cryptocurrencies, Robinhood will pay you interest on that cash. The interest rate is variable and is determined by Robinhood. It's a great way for investors to earn a little extra income on their idle cash while they wait for the right investment opportunity. To qualify for this feature, you need to have a Robinhood account and have cash available in your account that is not being used for trading.
  640

  320
• Sharu RajiOct 29, 2020 · 5 years ago
  Robinhood's cash interest feature is a fantastic option for cryptocurrency investors. It allows them to earn interest on the cash they have sitting in their account, which is not being used for trading. The interest rate is determined by Robinhood and can vary. This feature is beneficial for investors as it provides them with an opportunity to earn passive income on their idle cash. To qualify for this feature, you need to have a Robinhood account and have uninvested cash available in your account.
  503

  168
• Diana PekelJul 10, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a similar cash interest feature for cryptocurrency investors. With BYDFi's cash interest feature, investors can earn interest on their uninvested cash in their BYDFi account. The interest rate is competitive and is determined by BYDFi. This feature is a great way for investors to maximize their earnings potential and make the most of their idle cash. To qualify for this feature, you need to have a BYDFi account and have cash available in your account that is not being used for trading.
  539

  135