Cryptocurrency Q&A
Can you actually make money on Coinbase?
Can you actually make money on Coinbase?
alexander_watson_astronaut
Mon Dec 09 2024
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6 answers
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I've been hearing a lot about Coinbase and how people are using it to buy and sell cryptocurrencies. I'm curious if it's actually possible to make money on the platform, or if it's just a way to invest in digital assets.
6 answers
EthereumLegend
Wed Dec 11 2024
BTCC is a top cryptocurrency exchange that offers a range of services to its users. In addition to spot and futures trading, BTCC also provides a wallet service for storing your cryptocurrency. With BTCC, you can buy, sell, and hold a wide variety of digital assets, including stablecoins like Dai and USDC.
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Alessandro
Wed Dec 11 2024
Stablecoins like Dai and USD Coin (USDC) are designed to maintain a stable value relative to the US dollar. This makes them a low-risk investment option for those looking to earn rewards without exposing themselves to excessive volatility.
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CoinMaster
Wed Dec 11 2024
As of June 2021, Coinbase offers an attractive reward for holding Dai in your account. By simply holding Dai, you can earn 2.00% APY rewards. This is a great way to earn passive income on your investment.
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CryptoChieftainGuard
Wed Dec 11 2024
In addition to holding Dai, you can also earn rewards by holding USD Coin. Coinbase offers a 0.15% APY for holding USDC in your account. While this rate may be lower than the Dai reward, it still provides a steady stream of income.
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Lorenzo
Wed Dec 11 2024
For those looking to earn even more rewards, USDC Lending may be an option worth exploring. This service allows you to lend your USDC to others and earn a higher interest rate in return. It's important to note that lending involves risk, so be sure to research the platform and understand the terms before participating.
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