Is it possible to earn interest on my cryptocurrencies with a discover card?

3 answers

• fadliJan 02, 2024 · a year ago
  Yes, it is possible to earn interest on your cryptocurrencies with a discover card. Discover offers a feature called 'Cashback Bonus' where you can earn rewards on your purchases. However, it's important to note that this cashback bonus is not directly tied to your cryptocurrencies. It is based on your card usage and the rewards are typically in the form of cashback or statement credits. So, while you can earn rewards with your discover card, it's not a direct way to earn interest on your cryptocurrencies.
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• Frisk DelacruzJul 14, 2020 · 5 years ago
  Unfortunately, using a discover card to earn interest on your cryptocurrencies is not possible. Discover card rewards are typically based on your card usage and are not directly tied to cryptocurrencies. If you're looking to earn interest on your cryptocurrencies, you may want to consider other options such as decentralized finance (DeFi) platforms or cryptocurrency lending platforms that offer interest-earning opportunities.
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• Grant ArendseNov 16, 2022 · 3 years ago
  Yes, you can earn interest on your cryptocurrencies with a discover card through BYDFi. BYDFi is a digital currency exchange that offers a feature called 'Earn' where you can deposit your cryptocurrencies and earn interest on them. It works by lending out your cryptocurrencies to borrowers and earning interest on the loans. However, it's important to do your own research and understand the risks associated with lending your cryptocurrencies before participating in such programs.
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