Coincheck, a Tokyo-headquartered bitcoin and cryptocurrency exchange, one of the largest in the world, has announced the resumption of Coincheck Lending which was first introduced last month.
Reinstated last Friday, June 16th, the service allows users to earn bitcoin by lending their BTC to Coincheck with interest for a fixed period.
Users can select their preferred deposit terms from the options below:
Terms and Yearly Rate (subject to change)
| 14 days | 1%/year |
| 30 days | 2%/year |
| 90 days | 3%/year |
| 365 days | 5%/year |
Example: If a user deposits 10 BTC for lending with the 90 days/3% of annual rate, they will earn a relatively risk-free [10 BTC] × [0.03] × [90 days] ÷ 365 = 0.0739726 BTC.
Discussion