How to Earn Extra Income from CoinEx Financial Account

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.

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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.

(2) Enter the [Financial Account] page to create a financial account.

Invest in Crypto with CoinEx

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];

coinex Select [From Spot Account to Financial Account]

(3) Afterward, you can view the detailed transfer information in the [Financial Asset] section.

Start earning with CoinEx

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