BTC \u2014 0.6% per year.<\/li>\n<\/ul>\nUnlike DeFi farms and crypto lending services, Coinchange has no withdrawal limits. For example, a user can withdraw funds from a farm for free only after a few weeks from deposit; otherwise a fee of up to 20% applies. Lending services may prohibit withdrawals for one or more months.<\/p>\n
Stablecoins are in constant circulation: they are both a trading instrument, a settlement medium, and collateral for exchange operations, hence the returns on such deposits are higher. Ethereum and Bitcoin are of greater interest to long-term investors.<\/p>\n
Testing Coinchange<\/h2>\n To begin, create an account: provide your email address, first and last name, then choose a password and verify your phone number for two-factor authentication.<\/p>\nDuring verification, you will need to briefly describe your occupation.<\/figcaption><\/figure>\nAfter registration you must pass KYC\/AML. Although Coinchange works with anonymous DeFi services, it has obtained a Canadian license and complies with the requirements of the U.S. Securities and Exchange Commission for user verification.<\/p>\n
The platform does not store user personal data: verification is conducted by Jumio and ChainAnalysis services. A passport is not mandatory: Jumio accepts documents from CIS countries such as Ukrainian ID card or Russian driver’s license.<\/p>\n
After verification, we deposit in cryptocurrency or fiat dollars, and then transfer it to a savings account.<\/p>\nThe Quick Invest button will open the page to convert cash dollars into cryptocurrency and proceed to invest.<\/figcaption><\/figure>\nIf you deposited dollars, you need to convert them to cryptocurrency in the Trade tab. Coinchange does not charge a conversion fee, and, if you’re lucky, you can even profit from the rate.<\/p>\nWhen exchanging dollars for the stablecoin USDT, only two cents are lost.Select the Deposit option from the top menu, specify the currency, and send the tokens to Coinchange’s address. The minimum deposit amount is $50.<\/p>\nAlong with cryptocurrencies, you can deposit cash dollars via Wire Transfer.<\/figcaption><\/figure>\nThe final step is to invest the tokens. Coinchange will send them to DeFi protocols and start earning profits. To do this, go to the Invest tab, choose a token and specify the amount to invest.<\/p>\nAfter confirming the transaction, the Coinchange dashboard will start displaying investment statistics. It will take about a day to accrue interest on the deposit \u2014 Coinchange processes client orders in batches to save on transaction fees.<\/p>\n
We received the first payout on the second day after the deposit. A Coinchange representative explained that this is normal: the service needs time to batch transactions, investments and profit withdrawal.<\/p>\nTransferring funds from the investment account to trading takes up to 24 hours. Withdrawals to an external wallet occur within 20 minutes.<\/p>\nWithdrawal fee for Bitcoin is 0.0005 BTC ($20), Ethereum \u2014 0.0055 ETH ($15). Details on fees \u2014 in Coinchange FAQ<\/figcaption><\/figure>\nConclusion<\/h2>\n On passive investments in DeFi you can earn up to 20% per year, but you would need to operate with millions of dollars and monitor the market around the clock.<\/p>\n
The same yields can be achieved by handing your crypto to specialized services. One of them \u2014 Coinchange \u2014 is suitable for long-term investors who want to earn a stable income with payments in stablecoins.<\/p>\n
Currently, the platform pays users 13% per year, but yields vary with market conditions.<\/p>\n
Follow ForkLog’s Bitcoin news in our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Together with experts from fintech company Coinchange, we discuss passive investments in DeFi and how much you can earn from them.<\/p>\n","protected":false},"author":1,"featured_media":61705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1093,1377],"class_list":["post-61704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-defi","tag-profitable-farming"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61704"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61704\/revisions"}],"predecessor-version":[{"id":61706,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61704\/revisions\/61706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61705"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image6-56-1024x563.png\")
![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image7-41-1024x675.png\")
![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image5-87-1024x611.png\")
![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image4-115-1024x556.png\")
![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image1-511-1024x655.png\")
<\/figure>\n![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image3-176-1024x541.png\")
<\/figure>\n![\"How](\"https:\/\/forklog.com\/wp-content\/uploads\/image2-329-1024x554.png\")