common-close-0
BYDFi
Trade wherever you are!

Is it possible to earn interest on my cash app account by investing in cryptocurrencies?

avatarKorsholm FaganDec 28, 2021 · 3 years ago3 answers

I have a cash app account and I'm interested in investing in cryptocurrencies. Can I earn interest on my cash app account by investing in cryptocurrencies? How does it work?

Is it possible to earn interest on my cash app account by investing in cryptocurrencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, it is possible to earn interest on your cash app account by investing in cryptocurrencies. Cash app offers a feature called Cash Boost, which allows you to earn rewards on your purchases. Some Cash Boost options include Bitcoin and other cryptocurrencies. When you make a purchase using your cash app account, you can choose to apply a Cash Boost, and if you select a cryptocurrency boost, you can earn a percentage of the purchase amount in that cryptocurrency. The earned cryptocurrency will be added to your cash app account and you can choose to hold it or sell it later.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! With cash app, you can earn interest on your account by investing in cryptocurrencies. It's a great way to make your money work for you. When you use your cash app account to make purchases, you can choose to apply a Cash Boost, and one of the boost options is cryptocurrencies. By selecting a cryptocurrency boost, you can earn a percentage of the purchase amount in that cryptocurrency. It's like getting rewarded for your spending!
  • avatarDec 28, 2021 · 3 years ago
    Yes, it is possible to earn interest on your cash app account by investing in cryptocurrencies. However, please note that this answer is specific to BYDFi, a digital currency exchange. BYDFi offers a feature called BYDFi Earn, which allows you to earn interest on your cryptocurrency holdings. You can deposit your cryptocurrencies into BYDFi Earn and earn interest on them. The interest rates vary depending on the cryptocurrency and the duration of the deposit. It's a great way to grow your crypto assets while holding them in a secure exchange.