common-close-0
BYDFi
Trade wherever you are!

Are there any cryptocurrencies on Robinhood that provide high dividends?

avatarEnosent ThembaDec 28, 2021 · 3 years ago3 answers

I'm interested in investing in cryptocurrencies on Robinhood, but I want to find ones that offer high dividends. Are there any cryptocurrencies available on Robinhood that provide high dividends? I'm looking for options that can generate passive income through dividends. Can you recommend any specific cryptocurrencies on Robinhood that fit this criteria?

Are there any cryptocurrencies on Robinhood that provide high dividends?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are cryptocurrencies on Robinhood that provide high dividends. One such cryptocurrency is NEO. NEO is often referred to as the 'Chinese Ethereum' and it offers a dividend-like reward called GAS. GAS is generated by holding NEO in a compatible wallet, and it can be used to pay for transaction fees on the NEO network. By holding NEO, you can earn GAS passively, making it a great option for generating dividends on Robinhood.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! Robinhood offers several cryptocurrencies that provide high dividends. One popular option is VeChain (VET). VeChain is a blockchain platform that focuses on supply chain management and has its own native cryptocurrency called VET. By holding VET in a compatible wallet, you can earn VeThor (VTHO) tokens as a form of dividend. VTHO can be used to pay for transactions and smart contract execution on the VeChain network. So, if you're looking for cryptocurrencies on Robinhood that offer high dividends, VET is definitely worth considering.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are cryptocurrencies on Robinhood that provide high dividends. One such cryptocurrency is BYDFi. BYDFi is a decentralized finance (DeFi) token that offers staking rewards to its holders. By staking BYDFi tokens, you can earn a passive income in the form of dividends. The staking rewards are distributed regularly to BYDFi holders, making it a great option for generating dividends on Robinhood. Consider adding BYDFi to your portfolio if you're looking for cryptocurrencies with high dividend potential.