Guide Exchange to Coinbase
Coinbase is committed to constructing the easiest, maximum trusted crypto investment experience within the world. As crypto adoption maintains to spread, it’s our purpose to supply greater methods for everyone to legally and securely do greater with their crypto, past trading.With today’s launch of USDC Rewards, eligible US clients will begin incomes 1.25% APY* rewards on every USD Coin (USDC) they keep on Coinbase. USD Coin is a stablecoin, which offers price stability through being backed with the aid of a reserve asset. USD Coin keeps its solid price because you could continually redeem one USD Coin for one US dollar. It has each the practical advantages of crypto you can at once send it everywhere without spending a dime and maintain it without a financial intermediary along with the stability that the united states greenback backing presents.
CENTRE, the consortium co-founded via Coinbase and the author of USD Coin, recently introduced it has issued over one billion USD coins. With these days’s statement, Coinbase is happy to make USD Coin even better by means of imparting rewards when you keep USD Coin on Coinbase:
- Earn more. Get a 1.25% APY reward for holding USD Coin on Coinbase.
- Save where you trade. It takes four to five days to transfer between your bank and typical crypto brokerages, when you want to switch between saving and trading. Now you can do both in the same place on Coinbase, instantly.
- Safety. Coinbase does not lend or manage your USD Coins. Your crypto is yours and always stays in your account. You simply earn while storing your crypto safely on Coinbase.
- Real-time. Watch your earnings increase in real-time. Get a taste of the future of money today.
Rewards Review
USDC Rewards is a way for Coinbase customers to earn a return on USD Coin holdings without having to sell or transact any cryptocurrency. In line with Coinbase’s mission to make crypto accessible to everyone, USDC Rewards will enable more customers to take advantage of stablecoin rewards, simply and easily.Earning rewards on your USD Coins is simple. Eligible customers will begin earning rewards on any USD Coins they currently hold on Coinbase, with rewards being distributed on a monthly basis. The percentage rate of rewards is the same no matter your balance. The more USD Coins you hold, the more rewards you will automatically earn, all with no additional costs or fees. USD Coin rewards accrue daily, and customers will maintain complete control over their USD Coins at all times.
It’s also free to buy USD Coins with a bank account, and Coinbase customers can convert their USD Coins into any supported cryptocurrencies available on Coinbase.com or withdraw in US dollars anytime.
You can sign up for a Coinbase account here and download the iOS or Android app to start earning USD Coin rewards today.
*See our support center and our USD Coin rewards terms to learn more about eligibility and APY. Not available to customers in New York State.
USDC is not legal tender. USDC is a digital currency and Coinbase has no right to use any USDC you hold on Coinbase. Coinbase is not a depository institution, and your USDC is not a deposit account — savings, checking or otherwise. Your USDC wallet is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
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