How to Earn Extra Income from CoinEx Financial Account?

For crypto holders with average risk tolerance, maximizing the financial efficiency of idle assets to earn additional income is another safe investment method, except crypto trading. CoinEx Financial Account, a product that increases the value of coins, is such a good choice. 70% of the interest income from borrowed coins of margin trading on CoinEx will be allocated to users against the ratio of the holdings in their financial accounts. In other words, after transferring idle assets to their financial accounts, users will receive revenues yielded by their financial accounts even without trading. 

Currently, ten cryptos are supported, i.e., USDT, BTC, ETH, ADA, BCH, DOGE, EOS, LTC, TRX, and XRP. In the future, the financial account will be open to more coins in light of the market demand to diversify the asset management service.

CoinEx Financial Account Features

Compared with its counterparts on other platforms, CoinEx Financial Account boasts the following features:

1. An easy way to deposit coins and earn interest

After transferring idle assets to their financial accounts, users will receive revenues yielded by their financial accounts every day. The interest will be calculated on the second day of transfer and credited to the financial account on the third day. Just deposit coins and earn interest. So easy!

2. Daily compound interest settled daily

The compound interest on assets will be automatically credited to users’ financial accounts every day and will generate interest the next day.

Yesterday's Income (YI): The interest income of the corresponding coin that is generated on the last day. YI = 70% of last-day interest income from borrowed coins of margin trading * (the last-day interest-bearing coins of the user’s financial account / the total last-day interest-bearing coins of all the financial accounts)

3. Deposit and withdrawals anytime without a threshold

Usually, the transfers of assets are processed in real-time, with no limit on the minimum deposit or the number of times of deposits and withdrawals. Just deposit and withdraw coins at any time you want!

The interest will be distributed in the following way:

• The interest income from borrowed coins in margin trading will be used for interest distribution. 30% of the daily distributable interest is reserved for CoinEx and this portion of the income will be spent on margin insurance funds and the proportion of bankrupt positions. CoinEx reserves the rights for future use of the funds. The remaining 70% of the daily distributable interest will be allocated to the users against the ratio of the holdings in their financial accounts.
• UTC is adopted for the interest calculation.
• Usually, the transfers of assets are processed in real-time. Still, if the idle assets of all the financial accounts are insufficient, the applications of transfer will be processed in time order after users return their borrowed coins. Then the part of assets can continue to receive the financial income.
• CoinEx Financial Account will dynamically adjust the daily interest rate of asset management based on the margin trading. The daily interest rate may be zero in black swan events.

How to earn extra income from CoinEx Financial Account?

So here is a question: How to earn extra income from CoinEx Financial Account?

Just follow the three steps below!

I. Create a CoinEx financial account 

(1) Visit www.coinex.com through a browser, and sign in with your CoinEx account (Please complete KYC certification first if you are not a KYC user or cannot use the financial account). Then click [Assets] and select [Financial Account] in the drop-down box; 

(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) Select [From Spot Account to Financial Account], click the drop-down button on the right, select the coin type (take BTC/USDT as an example), enter the amount, and click [Submit];

(3) Then you can view the specific information of the transfer in the [Financial Asset].

III. Withdraw assets from the financial account

Click [Transfer], select [From Financial Account to Spot Account], click the drop-down button on the right, select the coin type (BTC/USDT, for example), enter the amount, and click [Submit]. Then view the specific information in the [Financial Asset].

Summary

CoinEx Financial Account is the best asset management choice featuring a low threshold and low risks for novice users. With CoinEx Financial Account, it is easy to utilize idle assets to maximize the income fully.