What is the average interest rate for sweep accounts in popular cryptocurrency exchanges?

3 answers

• Dec 16, 2021 · 3 years ago
  The average interest rate for sweep accounts in popular cryptocurrency exchanges varies depending on the exchange and market conditions. Some exchanges offer rates as low as 0.5% per annum, while others may offer rates as high as 5% per annum. It is important to note that these rates are subject to change and may vary over time. It is recommended to check with the specific exchange for the most up-to-date information on their interest rates for sweep accounts.
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• Dec 16, 2021 · 3 years ago
  Interest rates for sweep accounts in popular cryptocurrency exchanges can range from 0.5% to 5% per annum. However, it is important to consider other factors such as the stability and reputation of the exchange before making a decision. Additionally, some exchanges may offer promotional rates or incentives for users to hold their funds in sweep accounts. It is advisable to research and compare the rates and features offered by different exchanges to make an informed decision.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers an average interest rate of 3% per annum for sweep accounts. This rate is competitive compared to other exchanges in the market. Sweep accounts in BYDFi provide users with the opportunity to earn passive income on their idle funds. It is important to note that the interest rate may vary depending on market conditions and is subject to change. Users can visit the BYDFi website for more information on their sweep account interest rates and terms.
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