**The content provided on Casually Crypto is intended for educational purposes only and does not constitute financial or investment advice.
How to earn up to 5.00% APY on your crypto!
What is APY?
APY stands for Annual Percentage Yield and can be thought of as the amount of interest you’ll earn on your funds over the year.
Potential earnings for holding Crypto assets in your Coinbase account
- DAI (0.15% APY)
- Tezos (4.63% APY)
- Algorand (0.45% APY)
- Cosmos (5.00% APY)
- Cardano (3.75% APY)
- Etherium 2 (3.68% APY)
- USD Coin (0.15% APY)
How often is interest paid out?
The schedule at which Coinbase will payout interest will vary depending on the asset.
| Asset | Reward Type | Payout Timing | Available Regions |
| DAI | Interest | Daily | United States (except Hawaii), the United Kingdom, Spain, Netherlands, France, and Australia. |
| USDC | Interest | Monthly | United States (except Hawaii) |
| ALGO | Inflation | Quarterly | United States (except Hawaii), Belgium, France, Slovakia, Spain, and the UK. |
| ATOM | Staking | Every 7 days | United States (except Hawaii & New York), Belgium, France, Slovakia, Spain, the UK, Africa, Asia, Middle East, and South America. Learn more |
| ETH 2 | Staking | Daily | North America (except Hawaii & New York), South America, Europe, Middle East, Asia, and Africa. Learn more |
| XTZ | Staking | Every 3 days | United States (except Hawaii & New York), Belgium, France, Slovakia, Spain, the UK, Africa, Asia, Middle East, and South America. Learn more |
| ADA | Staking | Every 5 days | United States (except Hawaii & New York), Belgium, France, Slovakia, Spain, the UK, Africa, Asia, Middle East, and South America. Learn more |
Is earning interest a taxable event?
Short answer; yes. Longer answer; US customers who are subject to US tax reporting must report their earnings from Staking rewards.
I know how intimidating taxes can be. Personally, I use CoinTracker to give me peace of mind; It’s even compatible with TurboTax!
How & when can you start earning?
The Earn screen will show what options are currently available. As for how soon, you should be able to start earning crypto immediately! Just make sure you’re signed in and meet the eligibility criteria listed below (BTW: photo verification may take up to 48 hours).
How to become eligible for Coinbase Earn?
1. Verify your personal information
(your date of birth and address must be entered and verified).
2. Complete photo verification.
Earn requires additional verification, so you might be prompted to complete ID and photo verification (if prompted, select Verify your photo).
3. Live in one of the following eligible countries:
The United States (where I am from), Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Turkey, or the United Kingdom. The Coinbase team is working hard to add more eligible countries soon.
Side note: Learn & Earn
Simple, educational, and rewarding. By watching a few videos about crypto and answering a short quiz correctly. Eligible Coinbase customers will be rewarded with a bit of the specific crypto they learned about!