Coinhako is thrilled to announce the launch of Coinhako Earn, where users can earn interest on a variety of cryptos like BTC, ETH, DOT, ZIL and more to come.
With Coinhako Earn, we endeavour to provide seamless access to yield generating cryptocurrency products for everyone. You can expect to enjoy an intuitive and hassle-free experience, and consistent interest rates when you hold your cryptocurrencies with us.
If you’re more of a HODLer and are into crypto for both a long time and a good time, Coinhako Earn is a feature you’ll absolutely love. Read on to find out how you can make the most of your crypto with Coinhako Earn!
How does Coinhako Earn work?
Coinhako Earn provides a way for Coinhako users to earn interest on their crypto holdings. Users can earn interest on their cryptocurrencies by subscribing them to Coinhako Earn for specific durations. Rates vary depending on the type of cryptocurrency and duration of which the cryptocurrency is subscribed to Coinhako Earn.
Which cryptocurrencies are available on Coinhako Earn?
To kick things off, we’ll be offering fixed interest for 4 cryptos: BTC, ETH, DOT and ZIL. Of course, our team will be working to expand the range of tokens available on Coinhako Earn.
How does Coinhako Earn generate interest for users?
Coinhako uses a variety of yield generation methods to ensure that we can provide competitive and safe returns for our users. For tokens that support it, we may utilize staking to generate the yield offered via our Earn products.
How do I use Coinhako Earn?
Step 1: Navigate to the ‘Earn’ tab on the Coinhako app.
Step 2: Select from any of the available tokens on the list.
Step 3: Subscribe your crypto to Coinhako Earn:
- Enter the amount of crypto you want to earn
- Select the duration
- Review the information on the page (APY, value date, redemption date, expected interest)
- Read and agree to the Coinhako Earn Service Agreement
- Click on ‘Submit’ once you are ready.
Step 4: Read the Risk Disclosure Statement, and click on ‘Confirm’ when you’re ready.
Step 5: Your transaction will be processed. In the meantime, you can return to the ‘Earn’ page.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.