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Are there any alternative platforms similar to Robinhood's cash sweep feature for investing in cryptocurrencies?

avatarNaresha NamanaDec 25, 2021 · 3 years ago5 answers

I'm looking for alternative platforms that offer a cash sweep feature similar to Robinhood for investing in cryptocurrencies. Can anyone recommend any platforms that provide this feature? I want to be able to earn interest on my idle cash while having the convenience of investing in cryptocurrencies on the same platform.

Are there any alternative platforms similar to Robinhood's cash sweep feature for investing in cryptocurrencies?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are several alternative platforms that offer a cash sweep feature similar to Robinhood for investing in cryptocurrencies. One such platform is Binance. Binance allows users to earn interest on their idle cash through their Binance Savings feature, while also providing a wide range of cryptocurrencies for trading. It's a popular choice among cryptocurrency investors.
  • avatarDec 25, 2021 · 3 years ago
    Definitely! If you're looking for an alternative to Robinhood's cash sweep feature for investing in cryptocurrencies, you might want to check out Coinbase. Coinbase offers a similar feature called Coinbase Earn, where you can earn cryptocurrency rewards by completing educational tasks. It's a great way to put your idle cash to work while learning more about cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! BYDFi is another platform that offers a cash sweep feature for investing in cryptocurrencies. With BYDFi, you can earn interest on your idle cash while having the flexibility to invest in a variety of cryptocurrencies. It's a user-friendly platform that caters to both beginners and experienced traders.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are alternative platforms that offer a cash sweep feature for investing in cryptocurrencies. One option is Kraken. Kraken allows users to earn interest on their idle cash through their Kraken Earn feature, while also providing a secure and reliable platform for trading cryptocurrencies. It's worth considering if you're looking for a platform with a cash sweep feature.
  • avatarDec 25, 2021 · 3 years ago
    Definitely! If you're interested in a cash sweep feature for investing in cryptocurrencies, you should check out Gemini. Gemini offers a similar feature called Gemini Earn, where you can earn interest on your idle cash while also having access to a wide range of cryptocurrencies. It's a reputable platform known for its security and compliance with regulations.