homepostsDoes Gemini give interest?

Does Gemini give interest?

Kevin VoigtNov 15, 2021

On the Gemini platform, customers can view their combined trading balance and Earn balance, as well as the interest they've earned. Interest is paid daily and will start accruing at 4 p.m. ET on the next business day after funds are moved to Gemini Earn.

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Besides, what is Gemini earn interest?

The company says it will offer a rate of 2.25 percent APY (annual percentage yield) on a customer's idle dogecoin balances. Interest is earned and compounded daily, and customers can redeem their crypto at any time. There are also no minimum balances and no fees to transfer into or redeem from Gemini Earn.

Additionally, what are the risks of Gemini earn? "Loans made through the Program are unsecured. You have exposure to Borrower credit risk, and Borrowers are not required to post collateral to you or to Gemini," read the terms of the program. That means users could lose all of their deposits in case a borrower defaults.

Also to know is, is it safe to earn interest on Cryptocurrency?

You can earn interest on stablecoins or cryptos like Bitcoin that you plan to hold. ... As such, the amount you earn in interest may be unpredictable. Lending them out may appeal to investors who want to hold their coins and still get paid. But it also means any changes in the price of the crypto will affect their income.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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