Coinbase is telling me I can earn 3.75% AER DAILY on my cash if I apply for their savings account. Is this safe or a high-risk scam? "Eligible deposits up to £85,000 are FSCS protected"
https://www.coinbase.com/blog/coinbase-launches-uk-savings-accountseems legit. although if it's backed by stablecoin staking i'd stay out. LUNA was safe too before it got hacked and suddenly went to zero
>>61316867likely means it's added on a daily basis but it's a pretty shitty annual rate. you can get 4.5% easilyhttps://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess
>>61316867also, if you haven't already got one, you should consider an ISA. Trading 212 is offering one at 4.56% tax free
>>61316867>coinbase is telling me I can earn…Stopped reading there. Coinbase is shit and they will freeze your account for reasons if you try to cash out
>>61317197>cash outit's a cash account, nothing to do with crypto
>>61317210>cash accountOwned by who? Exactly. My point still stands. Coinbase is shit. Crypto or otherwise
>>61317197No they don't. Coinbase only has a fraud reputation because their entire business plan is to sell easy crypto custody to normies. Their customers are the least informed and most targeted by scammers, and when they get their wallets drained they go on reddit and cry fraud.
>>61317543I had funds frozen for 2 weeks for no reason at all. I was trying to send it to my wallet to swap it around, not even a cash out, but I wasn’t able to do shit with it for 2 weeks. No reason at all. Many others complained about this same issue over the years. Been using kraken for the last 3 years with zero issues. Coinbase is fucking trash
