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Home Crypto Exchanges

Japan bitcoin exchange Coincheck resumes interest bearing lending service

Published by CryptoNinjas.net
06/19/2017

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.

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