CoinEx Financial Account allows users to earn interest income from their idle assets, generated from loaned coins in margin trading, providing a low-risk, accessible investment option.
How to Generate Additional Income with a CoinEx Financial Account?
For those holding cryptocurrencies and having an average risk tolerance, optimizing the financial performance of idle assets to obtain extra income represents another secure investment approach, aside from crypto trading. The CoinEx Financial Account, a product designed to enhance the value of your coins, is an excellent option. Users will receive 70% of the interest income generated from loaned coins used in margin trading on CoinEx, allocated based on the proportion of their holdings in the financial accounts. Simply put, by transferring idle assets to their financial accounts, users will earn returns from their accounts without having to trade.
Presently, ten cryptocurrencies are supported: USDT, BTC, ETH, ADA, BCH, DOGE, EOS, LTC, TRX, and XRP. In the future, more coins will be made available for the financial account based on market demand, diversifying the asset management services offered.
Go to CoinEx’s Official Website
New Cryptocurrencies Supported by CoinEx Financial Account
Features of the CoinEx Financial Account
In comparison to similar offerings on other platforms, the CoinEx Financial Account provides the following advantages:
- Effortless coin deposit and interest generation
- Upon transferring idle assets to their financial accounts, users will earn daily returns from their accounts. Interest is calculated on the second day after transfer and credited to the financial account on the third day. Simply deposit coins and generate interest – it’s that easy!
- Daily compounded interest settled daily
- The compounded interest on assets is automatically credited to users’ financial accounts every day and starts generating interest the following day. Yesterday’s Income (YI): The interest income of the corresponding coin generated on the previous day. YI = 70% of the previous day’s interest income from loaned coins in margin trading * (the user’s previous day interest-bearing coins in their financial account / the total previous day interest-bearing coins in all financial accounts)
- Deposit and withdraw at any time without restrictions
- Generally, asset transfers are processed in real-time, with no minimum deposit requirement or limits on the number of deposits and withdrawals. Deposit and withdraw coins whenever you like!
Interest will be distributed in the following manner:
- Interest income generated from loaned coins in margin trading will be utilized for interest distribution. CoinEx reserves 30% of the daily distributable interest for itself, which will be allocated towards margin insurance funds and covering bankrupt positions. CoinEx maintains the right to determine the future use of these funds. The remaining 70% of the daily distributable interest will be assigned to users according to the proportion of their holdings in their financial accounts.
- UTC is the standard for interest calculation.
- Typically, asset transfers are processed in real-time. However, if the idle assets across all financial accounts are insufficient, transfer requests will be processed in chronological order once users return their borrowed coins. Consequently, these asset portions can continue to generate financial income.
- The CoinEx Financial Account will dynamically adjust the daily interest rate of asset management based on margin trading. The daily interest rate may be zero during black swan events.
Generating Additional Income with a CoinEx Financial Account
So, the question is: How can you earn extra income from a CoinEx Financial Account?
Simply follow these three steps!
I. Set up a CoinEx financial account
(1) Access www.coinex.com using a browser and sign in with your CoinEx account (If you haven’t completed KYC certification, please do so before using the financial account). Click on [Assets] and choose [Financial Account] from the drop-down menu;
(2) Enter the [Financial Account] page to create a financial account.
II. Transfer idle assets to your financial account
(1) Click [Transfer] on the Financial Account page;
(2) Choose [From Spot Account to Financial Account], click the drop-down button on the right, select the coin type (for example, BTC/USDT), input the amount, and click [Submit];
(3) Afterward, you can view the detailed transfer information in the [Financial Asset] section.
III. Withdraw assets from the financial account
Click [Transfer], choose [From Financial Account to Spot Account], click the drop-down button on the right, select the coin type (for instance, BTC/USDT), enter the amount, and click [Submit]. Then review the specific information in the [Financial Asset].
The CoinEx Financial Account is an ideal asset management option, featuring a low entry barrier and minimal risks for beginners. With the CoinEx Financial Account, it’s easy to fully leverage idle assets to maximize income.
Go to CoinEx’s Official Website
Please check CoinEx official website or contact the customer support with regard to the latest information and more accurate details.
CoinEx official website is here.
Please click "Introduction of CoinEx", if you want to know the details and the company information of CoinEx.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...