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 course of the year.
Which assets are eligible for earning interest?
We’re constantly reviewing and adding new interest earning assets. For the full list of the currently available options, login to your Coinbase account.
How do I know how much interest I’ll earn?
The amount of interest earned will vary based on the asset and will change over time. We’ll always display the current interest rate within each of the Asset’s pages within your Coinbase account.
How can I tell how much interest I’ve earned?
You can view your total amount of interest by logging into your Coinbase account and viewing the Assets tab.
How can I tell what my average interest rate is across all assets?
You can view your total amount of interest by logging into your Coinbase account and viewing the Assets tab. We display your average interest rate directly next to the total amount of Interest which you’ve earned.
The average rate displayed is a blended average which is calculated by averaging the APY which you’re receiving across all of your assets that earn interest.
What’s the difference between Pending & Earned interest?
Pending interest is interest which hasn’t been added to your account yet. Earned interest has been added to your account and can be found in the respective asset’s wallet.
How often is interest paid out?
The interest payout schedule will vary depending on the asset. For more information on the payout schedule for specific assets, check out these articles:
|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||Daily||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|
Is earning interest a taxable event?
US customers who are subject to US tax reporting are required to report their earnings from Staking rewards. US customers that earn over $600 in Staking rewards will receive a 1099-MISC from Coinbase. You can learn more about the 1099-MISC on the official website of the IRS.
What regions are eligible for earning interest?
Once I start earning interest, can I opt out?
Unless otherwise stated, you can opt out of earning interest at any time by clicking or tapping into the specific Asset’s page within your Coinbase account. You can also opt out in your Settings and select Financial Services. From there, you can toggle Rewards for any asset that you no longer wish to earn interest on.
Please note, you’ll lose any interest earned so far that month. You can also re-enable interest at any time.
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