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Can I earn interest on my HBAR holdings on Coinbase?

avatarBentzen DrakeNov 28, 2021 · 3 years ago3 answers

Is it possible to earn interest on my HBAR holdings on Coinbase? I have some HBAR tokens and I'm wondering if there is any way to generate passive income from them on the Coinbase platform. Can I stake my HBAR or participate in any lending or borrowing programs to earn interest?

Can I earn interest on my HBAR holdings on Coinbase?
HBAR
Coinbase
Interest

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Yes, you can earn interest on your HBAR holdings on Coinbase. Coinbase offers a staking program for HBAR where you can lock up your tokens and earn a staking reward. By participating in the staking program, you contribute to the security and decentralization of the Hedera network while earning a passive income. It's a great way to put your HBAR to work and earn additional tokens.
  • avatarNov 28, 2021 · 3 years ago
    Unfortunately, Coinbase does not currently offer interest-earning options for HBAR holdings. However, there are other platforms and exchanges that support HBAR staking and offer interest-earning opportunities. You may consider exploring those options to maximize the potential returns on your HBAR holdings.
  • avatarNov 28, 2021 · 3 years ago
    Yes, you can earn interest on your HBAR holdings through BYDFi. BYDFi is a decentralized finance platform that allows you to stake your HBAR and earn interest. It offers competitive staking rewards and provides a secure and transparent environment for HBAR staking. You can easily participate in the staking program and start earning passive income on your HBAR holdings.

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