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What are the best cryptocurrency brokerages with cash sweep programs?

avatarAhmed AbdoDec 27, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrency brokerages that offer cash sweep programs?

What are the best cryptocurrency brokerages with cash sweep programs?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! When it comes to cryptocurrency brokerages with cash sweep programs, there are several top options to consider. One of the most popular choices is Coinbase. They offer a cash sweep program that automatically moves excess cash into a high-yield savings account, allowing you to earn interest on your idle funds. Another great option is Binance. While they don't have a specific cash sweep program, they offer various ways to earn passive income, such as staking and lending. So, even though it's not a traditional cash sweep program, you can still make your funds work for you.
  • avatarDec 27, 2021 · 3 years ago
    Finding the best cryptocurrency brokerages with cash sweep programs can be a daunting task, but fear not! Gemini is another reputable platform that offers a cash sweep program. They automatically sweep your uninvested cash into a program that earns interest. Additionally, Kraken is known for its robust cash management features, including a cash sweep program. They offer competitive interest rates and ensure that your idle cash is working for you.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency brokerage, also offers a cash sweep program that you might find interesting. With BYDFi's program, any excess cash in your account is automatically swept into a high-yield savings account, allowing you to earn interest on your idle funds. This feature ensures that your money is not sitting idle and is working for you even when you're not actively trading. So, if you're looking for a brokerage with a cash sweep program, BYDFi is definitely worth considering.