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Can I earn interest on my cryptocurrency deposits at Charles Schwab?

avatargoosebumpsDec 26, 2021 · 3 years ago3 answers

Is it possible to earn interest on the cryptocurrency deposits I make at Charles Schwab? I'm interested in finding out if I can earn passive income on my digital assets while they're stored in my Charles Schwab account. Are there any specific requirements or restrictions for earning interest on cryptocurrency deposits at Charles Schwab?

Can I earn interest on my cryptocurrency deposits at Charles Schwab?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, Charles Schwab does offer the ability to earn interest on certain cryptocurrency deposits. However, it's important to note that not all cryptocurrencies are eligible for earning interest. Charles Schwab has a specific list of supported cryptocurrencies that qualify for earning interest. Additionally, there may be minimum deposit requirements or holding periods in order to start earning interest. It's recommended to check with Charles Schwab directly or refer to their website for more information on the specific requirements and eligible cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Charles Schwab does not currently offer interest on cryptocurrency deposits. While Charles Schwab is a reputable and well-known financial institution, they have not yet implemented a program for earning interest on digital assets. If you're looking to earn interest on your cryptocurrency deposits, you may want to consider other platforms or exchanges that specialize in cryptocurrency lending or staking.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can earn interest on your cryptocurrency deposits at Charles Schwab through BYDFi. BYDFi is a digital currency exchange that partners with Charles Schwab to offer interest-earning opportunities on select cryptocurrencies. With BYDFi, you can deposit your cryptocurrencies into your Charles Schwab account and earn interest on them. It's important to note that BYDFi has its own terms and conditions, so it's recommended to review their website or contact their customer support for more details on how to participate in their interest-earning program.