Can I earn interest on my cryptocurrency holdings through Robinhood's FDIC sweep program?

7 answers

• Raghuram PrathivadiJul 18, 2024 · a year ago
  Yes, you can earn interest on your cryptocurrency holdings through Robinhood's FDIC sweep program. The FDIC sweep program is designed to automatically transfer any cash in your Robinhood account to partner banks, where it can earn interest. However, it's important to note that this program only applies to the cash portion of your account, not the cryptocurrency holdings themselves. So while you can earn interest on the cash, your cryptocurrencies will not generate any interest.
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• NicolasMar 30, 2021 · 5 years ago
  Absolutely! Robinhood's FDIC sweep program allows you to earn interest on the cash portion of your account. This program automatically transfers your cash to partner banks, where it can earn interest. However, it's important to understand that this program does not apply to your cryptocurrency holdings. So, while you can earn interest on the cash, your cryptocurrencies will not generate any interest.
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• Khawaja ADNANNJun 18, 2023 · 2 years ago
  Yes, you can earn interest on your cryptocurrency holdings through Robinhood's FDIC sweep program. The program automatically transfers your cash to partner banks, where it can earn interest. However, it's important to note that this program only applies to the cash portion of your account, not the cryptocurrencies themselves. If you're looking for a platform that offers interest on your cryptocurrency holdings, you might want to consider BYDFi, which provides various options for earning interest on your digital assets.
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• IT-Forensics2May 21, 2022 · 3 years ago
  Unfortunately, Robinhood's FDIC sweep program only allows you to earn interest on the cash portion of your account, not on your cryptocurrency holdings. The program automatically transfers your cash to partner banks, where it can earn interest, but your cryptocurrencies will not generate any interest. If you're specifically looking to earn interest on your cryptocurrency holdings, you might want to explore other platforms that offer such features.
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• Alston HarveyJun 07, 2021 · 4 years ago
  Yes, you can earn interest on the cash portion of your account through Robinhood's FDIC sweep program. The program automatically transfers your cash to partner banks, where it can earn interest. However, it's important to note that this program does not apply to your cryptocurrency holdings. So, while you can earn interest on the cash, your cryptocurrencies will not generate any interest.
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• Chidimma ToniaAug 25, 2022 · 3 years ago
  Yes, you can earn interest on your cryptocurrency holdings through Robinhood's FDIC sweep program. The program automatically transfers your cash to partner banks, where it can earn interest. However, it's important to understand that this program only applies to the cash portion of your account, not the cryptocurrencies themselves. If you're looking for a platform that offers interest on your cryptocurrency holdings, you might want to consider other exchanges that provide such options.
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• Neeraj VermaJul 16, 2021 · 4 years ago
  Yes, you can earn interest on the cash portion of your account through Robinhood's FDIC sweep program. The program automatically transfers your cash to partner banks, where it can earn interest. However, it's important to note that this program does not apply to your cryptocurrency holdings. So, while you can earn interest on the cash, your cryptocurrencies will not generate any interest. If you're interested in earning interest on your cryptocurrencies, you might want to explore other exchanges that offer such features.
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