Introduction
Some exchange offer the possibility of keeping cryptocurrencies in their wallet or to obtain interest.
It is a very useful option if we want to take a break from trading or if the market goes wrong, because the interests will be received independently of the market performance!
At the moment, the best exchange factors that allow the token to be in wallet in exchange for interest are Coinbase
Coinbase
Coinbase is a trading company based in San Francisco in California (United States) and founded in June 2012 by Brian Armstrong and Fred Ehrsam.
With Coinbase , you can receive rewards just by keeping USDC in wallet.
Whats is USDC ?
USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. 1 USDC is worth exactly 1 dollar.
To receive interest on USDC, it is necessary to:
- Sign up on Coinbase ( https://www.coinbase.com/join/dibu_8?src=ios-link );
- Living in the United States (excluding Hawaii and New York residents ) ;
- Have a verified level 2 account ;
- Having at least 1 USDC in the Coinbase wallet .
All eligible customers will be automatically opted into USDC Rewards. There is no maximum amount of USDC you can hold.
How are the rewards distributed?
Coinbase distributes rewards, earned for the days in which you have a balance of at least $1 of USDC on Coinbase, every month. The higher the balance, the more rewards you earn.
What is the current rate of interest?
The current interest rate from 2 October 2019 is 1,25%.
So having More USDC in wallet, the gain will increase.