Hello fellow Coinbase user. I been using Coinbase for 2yrs now. Been staking for the same amount as well and using their crypto back rewards system. It been 2 weeks since this first happened, all my earings went back to zero and no longer compounding. Expect for ADA. Has this happened to anyone else, was there a change Staking program and crypto back?
I’m considering adding the coinbase card to my wallet as a ‘reserve’ spending account. I’ve kept it pretty simple so far, one credit card to earn rewards and my bank debit for paying off the CC.
The point is to avoid most situations where I’d have to use my bank card for transactions. My plan with coinbase would be to purchase USDC. 5% annual stake reward for USDC. For purchases, I can get 0.5% btc back. Hold the btc until the market, imo, inevitably increases.
Am I missing something here? Because it seems like a good deal to me and certainly an upgrade from what I’ve currently been doing. I guess one question I have is if any spread would be used in converting USDC to USD as described above. I would assume not as the exchange rate is basically dead even.