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What are the alternatives to Robinhood for earning interest on uninvested cash in the cryptocurrency market?

Dafne SantosJul 31, 2023 · 2 years ago3 answers

Can you suggest some alternatives to Robinhood that allow users to earn interest on their uninvested cash in the cryptocurrency market? I'm looking for platforms or exchanges that offer competitive interest rates and are reliable and secure. It would be great if they also have a user-friendly interface and provide a wide range of cryptocurrencies to choose from. Please provide some recommendations and insights on these alternatives.

Cryptocurrency
Robinhood Alternatives
Earning Interest

3 answers

  • Sagar MadankarNov 28, 2021 · 4 years ago
    Sure! If you're looking for alternatives to Robinhood that offer interest on uninvested cash in the cryptocurrency market, you might want to consider platforms like BlockFi, Celsius Network, and Nexo. These platforms provide users with the opportunity to earn interest on their idle funds, allowing them to potentially grow their wealth even when they're not actively trading. BlockFi, for example, offers up to 8.6% APY on stablecoins and 6% APY on Bitcoin. Celsius Network offers up to 10% APY on stablecoins and 4.51% APY on Bitcoin. Nexo offers up to 12% APY on stablecoins and 5% APY on Bitcoin. These platforms are known for their security measures and have gained a good reputation in the industry. It's important to do your own research and consider factors such as fees, withdrawal limits, and the range of supported cryptocurrencies before making a decision.
  • AYAN AHMAD KHANAug 01, 2022 · 3 years ago
    There are several alternatives to Robinhood that allow you to earn interest on uninvested cash in the cryptocurrency market. One popular option is BlockFi. BlockFi offers interest-bearing accounts where you can earn up to 8.6% APY on stablecoins and 6% APY on Bitcoin. Another option is Celsius Network, which offers up to 10% APY on stablecoins and 4.51% APY on Bitcoin. Nexo is also worth considering, as it offers up to 12% APY on stablecoins and 5% APY on Bitcoin. These platforms provide a secure and reliable way to earn passive income on your idle funds in the crypto market.
  • SIMI AJul 13, 2020 · 5 years ago
    BYDFi is a great alternative to Robinhood for earning interest on uninvested cash in the cryptocurrency market. With BYDFi, you can earn interest on your idle funds and enjoy competitive interest rates. The platform offers up to 10% APY on stablecoins and 5% APY on Bitcoin. BYDFi is known for its user-friendly interface and strong security measures, making it a popular choice among cryptocurrency enthusiasts. Give it a try and start earning interest on your uninvested cash today!

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