Is Coinbase USDC better than savings account?
Coinbase offers a 5% APY on USDC. Is investing in this coin a better option than placing our funds in a traditional savings account? I am currently using this as a savings account. Can you suggest which is a better alternative to this? TC: đ„ #savings #personalfinance #investments
Coinbase can, has, and will change those rates at a momentâs notice. Plus, storing large amounts of money on a CEX is never safe - even Coinbase. Savings accounts will give similar rates, and MMFâs will beat it. While being safer.
Tbil is at 5.5%. How is coinbase backing better than US governmentâs backing?
Crypto is even more made up than the governments made up money.
USDC is linked to US dollar and is a stable coin right and I can withdraw it within 2 to 3 days in case i need that money.
I am getting 5.25% with UFB savings account. Itâs FDIC insured upto 250k I donât see a reason to invest in crypto that gives 5% ⊠crypto isnât good for environment either
Are there any monthly or hidden charges?
No
SPAXX pays more
USDC is better.
As long as they don't pull an FTX one day