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Resumption of Coincheck Lending


スクリーンショット 2017-05-08 10.15.23
 

New service release: Coincheck Lending

 

Coincheck Lending service is resuming on June 16, 2017.

 

■ Service

Coincheck Lending

URL:https://coincheck.com/lending

 

■Service Summary

Coincheck Lending is service where Coincheck users can earn extra cryptocurrencies by lending cryptocurrencies to Coincheck. Users can select preferred deposit terms.

 

Terms and Yearly Rate(tentative)

14 days 1% /year
30 days 2% /year
90 days 3% /year
365 days 5% /year

e.g. ) If you deposit 10BTC with a 3% of annual rate, you will earn [10BTC] × [0.03] × [90days] ÷ 365 = 0.0739726BTC.

 

■About Coincheck Lending

1: Open a Coincheck Lending account
2: Deposit cryptocurrency of your choice to your account, and apply for lending.
3: Coincheck screens an application, and grant permission to start lending.

 

-Coincheck Lending is not subject to Payment Services Act. Hence, lent cryptocurrencies are not managed as segregated funds.
-The price of cryptocurrency is always fluctuating. The price when you lent cryptocurrency and price when you sell is different. Please be aware there’s always a risk.
-To use Coincheck Lending, please note that user must agree with the consumption loan agreement, which is an unsecured contract. Hence, users have a risk not being able to receive lent cryptocurrencies in a case when Coincheck bankrupt.
-Users are prohibited from selling or sending lent cryptocurrencies until the end of a term or when Coincheck decides to return it.
-This service is not a deposit item, it is not subject to deposit insurance.
-Lending service is available to approved applicants only.
-There is an upper limit to the total amount you can deposits. Lending is not guaranteed.
-Lending may be terminated earlier than user’s preferred term. In this case, prorated yearly rate will be paid.
-Interests are paid at the end of fixed term as cryptocurrency you’ve lent.
-All cryptocurrencies that are listed on Coincheck is supported. (June 16, 2017)
-Supported cryptocurrencies may be changed without notice.

 

[About Coincheck]
Coincheck is one of the largest Bitcoin and cryptocurrency exchange/payment processors in the world. We aim to make people’s lives better with technology.

 

 

Coincheck
https://coincheck.com

Coincheck Payment
https://coincheck.com/ja/payment

 

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■Android
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Coincheck Cryptocurrency Exchange