Coinbase Pro is a US-based exchange that offers trading of digital assets, including cryptocurrencies. The exchange is a subsidiary of Coinbase, one of the largest cryptocurrency exchanges in the world.
Coinbase Pro offers a variety of features that make it a popular choice for traders, including low fees, advanced trading tools, and a user-friendly interface. One feature that sets Coinbase Pro apart from other exchanges is its interest-bearing account. Does Coinbase Pro Pay Interest?.
Coinbase Pro does pay interest on certain account balances. The interest is paid out in the form of the asset that is being held in the account. For example, if you are holding Bitcoin in your Coinbase Pro account, you will earn interest in Bitcoin. The interest rate on Coinbase Pro accounts varies depending on the asset that is being held.
Currently, the highest interest rate offered by Coinbase Pro is 8.6% per year on USDT (Tether) deposits. The interest rates on other assets are generally lower than this.
Coinbase Pro accounts must meet certain criteria in order to be eligible for interest payments. Accounts must be verified and have completed KYC (Know Your Customer) procedures.
In addition, accounts must hold a balance of at least $100 worth of digital assets in order to earn interest. If your account meets these criteria, you will automatically start earning interest on your eligible balances.
Coinbase Pro pays interest on a daily basis. Interest is calculated based on the daily balance of each account and is paid out in the asset that is being held. For example, if you have 1 Bitcoin in your Coinbase Pro account, you will earn 0.0000231 Bitcoin per day in interest (at the current rate of 8.
6% per year). Interest payments are made to accounts every day and can be withdrawn at any time.
Coinbase Pro’s interest-bearing account is a great way to earn passive income on your digital assets. The process is simple and automated, and there are no fees charged by Coinbase Pro for earning or withdrawing interest.
If you are looking for an easy way to earn some extra income from your digital assets, then Coinbase Pro’s interest-bearing account may be a good option for you.