Earn interest on your USD balance
With easyBitcoin.app US dollars can earn interest in an Interest Account — with no fees, no limits, and no lockups. It can be a simple way to grow your money while you plan your next Bitcoin move.
How much can I earn?
Your interest rate depends on how much you hold in your Interest Account:
- 3.75% APY when your balance is $10 or more.
- 2.0% APY when your balance is between $1 and $9.99.
APY (Annual Percentage Yield) reflects the total amount of interest you could earn over a year, taking into account the effect of compounding.
Is my USD balance protected?
Your funds are deposited into FDIC-insured program banks and are eligible for FDIC insurance coverage up to a total of $2.5 million (subject to applicable coverage limits and eligibility). While temporarily held in your Interest Account and while in transit to or from the program banks, your funds are not FDIC-insured. Funds held in your Interest Account are not protected by SIPC because they are not used to purchase securities.
When do I start earning interest?
When your balance is at least $1. The applicable interest rate depends on your balance.
Deposits made before 3:00 PM ET begin accruing interest on the same business day, while deposits made after 3:00 PM ET will start earning interest on the next business day.
When is interest paid?
- Interest accrues daily.
- It's paid monthly, usually by the 5th of each month.
- You’ll receive an email or in-app notification when interest is credited.
Who’s eligible?
Most U.S. users can participate, except:
- Residents of Louisiana, or American Samoa.
- Anyone under 18 years old.
- The following cases also may not be eligible:
- Individuals affiliated with FINRA-registered broker-dealers.
- Politically Exposed Persons (PEPs) or immediate family members.
- 10%+ shareholders or officers of publicly traded companies.
How do I activate my Interest Account?
To open your USD Interest Account:
- Tap on My Dollars.
- Tap Earn, then Get started.
- Complete the account setup steps.
- Once your account is open, tap Start earning to make a USD deposit and begin accruing interest on your balance.
Can I change the interest payout method to BTC?
By default, interest is paid in USD, the same currency as your balance. However, you can choose to auto-convert your interest payouts to Bitcoin (BTC) at any time.
When you opt in to convert your interest to BTC we can auto-convert1 your USD interest payouts into BTC. Here’s how it works:
- Earn 3.68% APR on BTC — the interest earned in your Interest Account is converted to BTC at the time of payout.
- APR on BTC uses simple interest (not compounding), so the earned amount increases only as your USD balance grows.
- Auto-conversion to BTC only takes place if your monthly interest payout is $5 or more.
- Conversion to BTC occurs at the time of the interest payout, not when interest accrues. Choose to switch between USD and BTC anytime before the monthly interest payout.
APR (Annual Percentage Rate) represents a flat yearly rate without the effect of compounding.
1A standard transaction fee applies, similar to any BTC purchase on easyBitcoin.app
How do I opt in to auto-convert my interest to BTC?
You can choose to have the interest you earn auto-converted into BTC at any time. You can opt in either:
When you start using your Interest Account
- Tap on My Dollars.
- When prompted to Manage your interest, select Receive in BTC.
At any time later
- Tap on My Dollars.
- Tap the (⋮) in the top right corner.
- Toggle on the Earn in bitcoin; we will auto-convert USD interest you earn to BTC.
How do I close my Interest Account?
To close your Interest Account, follow these steps:
- Tap My Dollars.
- Tap More (...) in the top-right corner.
- Select Stop earning interest and confirm.
- Tap Close account and follow the on-screen instructions.
Once closed, your USD balance will be transferred out of your Interest Account and will no longer accrue interest. You can still access and use your funds as normal.