We are pleased to offer the Interest Account feature to CRYPTOCOINS-BANK.com Wallet users. The Interest Account is a custodial savings balance within your Wallet that earns interest on the amount you deposit and store in it. It’s easy to set up - head over to Interest Account section and to learn how to start earning interest!
Any funds you deposit into the Interest Account will begin earning interest at a compound interest rate (You can earn up to 125% monthly). When you’re done holding on to your savings, your original deposit along with any interest earned over that time will be automatically transferred to your main balance.
We are able to 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 comprises a larger portion, 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.
At this time, we are supporting the following currencies for earning rewards in your cryptocoins-bank.com Wallet:
Binance Coin (BNB)
We are looking to support more cryptocurrencies in the future.
You can view your Interest Account, with your overall balance, interest rate details, and interest earned to date, by going to the Earn Interest section of your wallet (accessible in the left-hand navigation). Interest is earned on a daily basis and paid automatically to you main balance every 31 days. There are no fees associated with having an Interest Account.
There is a minimum transfer of $50 (worth of the cryptocurrency you choose to store) to get started.