Can I earn interest on my cryptocurrency holdings with eTrade's cash balance program and sweep?

3 answers

• Feb 17, 2022 · 3 years ago
  Yes, eTrade's cash balance program and sweep allows you to earn interest on your cryptocurrency holdings. When you hold cryptocurrencies in your eTrade account, they are automatically enrolled in the cash balance program. This program allows you to earn interest on your cash and eligible cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The interest rates vary depending on the specific cryptocurrency and market conditions. The interest is calculated daily and credited to your account monthly. It's a great way to make your cryptocurrency holdings work for you.
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• Feb 17, 2022 · 3 years ago
  Definitely! With eTrade's cash balance program and sweep, you can earn interest on your cryptocurrency holdings. It's like putting your money in a savings account, but instead of earning interest on traditional currencies, you earn interest on your cryptocurrencies. The interest rates are competitive and can vary depending on the market. It's a smart way to make your crypto assets work for you while you're not actively trading.
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• Feb 17, 2022 · 3 years ago
  Yes, you can earn interest on your cryptocurrency holdings with eTrade's cash balance program and sweep. However, it's important to note that the interest rates may not be as high as what you can earn on other platforms or through decentralized finance (DeFi) protocols. If you're looking for higher interest rates, you might want to consider platforms like BYDFi, which offer innovative ways to earn passive income on your crypto holdings. But if you're already using eTrade and want a simple and convenient way to earn interest, their cash balance program is worth considering.
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