How to stake Cryptocurrencies on CoinEX? Open your financial account to start earning interest from today.
What is CoinEX’s Finance account?
CoinEx Finance is a financial product that deposits coins and earns interest.
It has the characteristics of depositing and withdrawing at any time, compound interest calculation, and no minimum deposit limit.
Just transfer the idle assets to the financial account, and you can enjoy interest income every day, and the income obtained will also be compounded on a daily basis (Note: The source of interest income is the income of 70% of the leverage loan interest).
Concepts related to financial accounts
Yesterday’s income = yesterday’s leveraged loan income * 70% * (the number of interest-bearing coins in my financial account yesterday / the number of interest-bearing coins in all users’ financial accounts yesterday)
The latest daily interest rate = today’s leveraged loan income * 70% / the number of interest-bearing coins in all financial accounts today * 100%, and the latest daily interest rate is updated every 10 minutes
7-day annualized rate of return = Margin loan income in the last 7 days * 70% / Interest-bearing currency of all financial accounts in the last 7 days * 100% * 365 days
Introduction to the financial account
Access the official website of CoinEx (https://www.coinex.com) through a browser. After successful login, select [Finance] – [Financial Management] in the navigation bar at the top left of the page.
![log in to your account, and select [Finance] - [Financial] at the top navigation bar.](https://mobie.io/wp-content/uploads/2023/01/log-in-to-your-account-and-select-Finance-Financial-at-the-top-navigation-bar..png)
On the CoinEx financial page, you can view the participation process and popular financial currencies. Click [Go Earn Coins] on the right side of the corresponding financial currency, confirm [Transfer Account], [Currency Type], [Transfer Amount] in turn, and click [Confirm] to complete the one-click transfer of financial account.
Access the official website of CoinEx ( https://www.coinex.com ) through a browser. After successfully logging in, click the [Assets] drop-down menu in the upper right corner and click [Financial Account].
After entering the financial account page, you can view all financial assets.
How to transfer funds into the financial account?
After entering the financial account page, select the currency to be transferred, and click [Transfer] on the right.
Select the transfer direction from [spot account] to [financial account], check the currency to be transferred and enter the transfer amount, and click [Confirm].
![transfer your assets from [Spot] to [Financial]](https://mobie.io/wp-content/uploads/2023/01/transfer-your-assets-from-Spot-to-Financial.png)
After the transfer is successful, you can filter the [Currency] and [Operation Type] in [ Financial Records ] and check the historical financial records.
Calculation rules for financial account income
Day 1: Transfer assets from the spot account to the financial account, with no upper limit on the quantity.
Day 2: start calculating the income.
Day 3: Earnings arrive in the account, compound interest is calculated, deposit and withdraw at any time.
For example: 100 USDT is transferred to the financial account at 0:00 (UTC) on November 28.
Interest calculation starts at 0:00 (UTC) on November 29.
Income is distributed around 0:00 (UTC) on November 30 (please display it in the financial account prevail).
https://www.youtube.com/watch?v=uXFJbwF9LVI
The assets transferred from the financial account to the spot account will not participate in interest calculation on the day of transfer.
In order to facilitate the calculation of interest, UTC time is uniformly used.
Assets in the financial account are transferred to the spot account, which will be credited in real time under normal circumstances.
If the idle balance of the general financial account is insufficient, it is necessary to wait for the loan user to return the funds, and process them one by one according to the application time.
This part of the assets can normally obtain financial income.
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.
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...