Geo-restrictions: Some crypto lending sites have geo-restrictions that may not be obvious right away. These restrictions mean that you may not be eligible to use a particular platform, depending on where you live. Pros and Cons of Earning Interest in Crypto Their highest rates are paid on stablecoins: for example, Nexo pays up to 12% on USDC and Tether but 8% on bitcoin, while BlockFi pays 8.6% on USDC, 9.3% on Tether and 5% on bitcoin. In other words, you could change US$1,000 (£720) into USDC1,000, leave it in a BlockFi account for a year, then theoretically withdraw US$1,086.
Generating interest on crypto is similar to generating interest on fiat currencies, such as the US Dollar. Both require users to sign up for an account and deposit funds. Besides that, fiat banks and crypto platforms differ in a couple of key ways. Site Information Worry not, I will provide you with reasons to consider choosing Coinbase Earn, as well as a tutorial on how to start using it. So, by the end of your reading, you will have all the information you need to earn Coinbase free cryptos and improve your cryptocurrency wallet.