What are the benefits of div/yield on Robinhood for cryptocurrency traders?

3 answers

• Dec 27, 2021 · 3 years ago
  As a cryptocurrency trader, using the div/yield feature on Robinhood can provide several benefits. This feature allows you to earn passive income by holding certain cryptocurrencies in your Robinhood account. When you hold these cryptocurrencies, you become eligible to receive dividends or yield, which are additional tokens or rewards distributed by the project or platform. This can be a great way to earn extra income while holding your investments. However, it's important to note that not all cryptocurrencies on Robinhood offer div/yield, so you should research and choose the ones that do if you're interested in this feature.
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• Dec 27, 2021 · 3 years ago
  Div/yield on Robinhood is a game-changer for cryptocurrency traders. It allows you to earn additional tokens or rewards simply by holding certain cryptocurrencies in your Robinhood account. This means that you can potentially earn passive income without having to actively trade. The dividends or yield are distributed by the project or platform, and the amount you receive is usually proportional to the amount of cryptocurrency you hold. It's a great way to make your investments work for you and maximize your returns.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a similar feature called div/yield. With BYDFi, you can earn passive income by holding certain cryptocurrencies in your account. The dividends or yield are distributed by the project or platform, and the amount you receive depends on the amount of cryptocurrency you hold. This feature can be a valuable addition to your trading strategy, allowing you to earn extra income while holding your investments. It's definitely worth considering if you're looking for ways to maximize your returns in the cryptocurrency market.
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