The Passive Rewards Account is a crypto storage facility within your Wallet that earns rewards on the amount you transfer and store in it.
Any funds you transfer into the Passive Rewards Account will begin earning rewards at a compound rate. When you’re done storing your crypto in the Passive Rewards Account, you can withdraw it along with any rewards earned over that time to your Blockchain.com Account.
We can offer a competitive rewards rate to users who transfer and hold crypto with us. We do this by lending crypto deposits out to selected, rigorously vetted institutional and/or sophisticated borrowers who have established track records at a slightly higher rate.
This rate makes up a larger piece, which is returned to you as rewards, and a smaller amount which covers our operational costs and allows us to improve our products for our users.
Please note: the Passive Rewards Account is not a bank deposit and is not backed by any governmental deposit protection regime. Your rights in connection with the Rewards Account are governed by the contractual relationship you enter into with Blockchain.com via the User Agreement.