does coinbase pay you interest

Coinbase, a cryptocurrency exchange platform, offers users a digital money wallet service that allows them to buy, sell and store cryptocurrency. In addition to offering users a way to buy and sell cryptocurrency, Coinbase also charges a commission fee for each successful trade made on their platform. However, the fees are not directly payable to Coinbase, but rather to the underlying exchanges that handle the money transfers. This means that Coinbase does not pay you interest on your deposits. Instead, you earn interest on your savings based on the interest rate that the underlying exchange sets. To get paid interest on your deposits, you would need to invest in an investment vehicle that tracks an interest rate, such as a bond or mutual fund. This is a common strategy used by many investors who want to earn interest on their money. However, keep in mind that this strategy requires careful investment planning and understanding of the financial market, as the interest rate can vary and can be influenced by factors such as inflation and interest rates set by other central banks.