FAQs about Coinhako Earn

FAQs about Coinhako Earn

Facing issues with Coinhako Earn that you need help with? This article addresses FAQs that users may have while using Coinhako Earn.

1. What is Coinhako Earn and How Does It Work?

With Coinhako Earn, users can:

  • Do more with the crypto you hold on Coinhako 
  • Earn interest when you subscribe to a variety of fixed earn products
  • Repeat the cycle and receive more crypto as a Coinhako user

2. How does Coinhako Earn generate interest for users?

Coinhako uses a variety of yield generation methods to ensure that we can provide competitive and safe returns for our users. For tokens that support it, we may utilize staking to generate the yield offered via our Earn products.

3. How do I use Coinhako Earn?

Using Coinhako Earn on Mobile 

Step 1: Navigate to the ‘Earn’ tab on the Coinhako app.

Step 2: Select from any of the available tokens on the list.

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Step 3: Subscribe your crypto to Coinhako Earn 

  • Enter the amount of crypto you want to earn
  • Select the duration 
  • Review the information on the page (APY, value date, redemption date, expected interest)
  • Read and agree to the Coinhako Earn Service Agreement
  • Click on ‘Submit’ once you are ready.
  • 2.1.1._Fixed_earn_Subscribe_Input_amount__1_.png

Step 4: Read the Risk Disclosure Statement, and click on ‘Confirm’ when you’re ready.

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Step 5: Your transaction will be processed. In the meantime, you can return to the ‘Earn’ page.

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Using Coinhako Earn on Web

Step 1: After you’ve logged into Coinhako, navigate to the new ‘Earn’ tab

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Step 2: Select from any of the available tokens on the list. 

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Step 3: Subscribe your crypto to Earn 

  • Select the duration 
  • Enter the amount of crypto you want to earn
  • Review the information on the page (APY, value date, redemption date, expected interest)
  • Read and agree to the Coinhako Earn Service Agreement
  • Click on ‘Submit’ once you are ready.
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Step 4: Read the Risk Disclosure Statement, and click on ‘Confirm’ when you’re ready.

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Step 5: Your transaction will be processed. In the meantime, you can return to the ‘Earn’ page.

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Tip: Use the ROI calculator to view the interest rates for different amounts and durations.

4. How can I check my interest? 

You can check how much interest you will earn using our ROI calculator. Alternatively, you can also click on ‘My Portfolio’, where you will find the tokens you’ve subscribed, the APY and expected interest. 

 

5. How do I redeem my tokens?

Your tokens will be automatically redeemed on the redemption date. 

 

6. Can I redeem my funds early?

Yes, you can, but please note you will not receive any interest for early redemptions. 

Here’s how to do it:

Redeeming Tokens Early on Earn

On Mobile App 

Step 1: Navigate to the ‘Earn’ tab.
Step 2: Click on ‘My Portfolio’ 
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Step 3: Select the token you want to redeem

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Step 4: On this page:

  • Check that this is the correct token you want to redeem
  • Read and acknowledge the terms for early redemption
  • Click ‘Confirm’ once you’re ready
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Step 5: Your redemption will be processed. In the meantime, you can return to the ‘Earn’ page

 1.1.3_Processing_your_redemption.png

On Web

Step 1: Navigate to the ‘Earn’ tab.

Step 2: Click on the ‘My Portfolio’ page

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Step 3: Select the token you want to redeem

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Step 4: On this page:

  • Check that this is the correct token you want to redeem
  • Read and acknowledge the terms for early redemption
  • Slide to confirm redemption once you’re ready
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Step 5: Your redemption will be processed. 

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7. How safe is it to use Earn?

Earn is a safe and reliable platform for you to gain interest on your crypto, giving you access to products with minimum volatility but steadier yields. However, as with every financial asset, you should only subscribe amounts that you are comfortable with.

 

8. What is APY and how is it calculated?

APY stands for Annual Percentage Yield is the actual return rate that will be earned if the interest is compounded in one year. APY varies among product durations. Coinhako generates yield on your assets using a variety of strategies such as lending, staking, defi. Interest rates & product terms would be dependent on market conditions

 

9. Why are some of the tokens on Earn unavailable sometimes?

To ensure stable, predictable, and steady yields, Coinhako releases Earn products in blocks.

In the event that a block is fully subscribed, subscriptions for that token will be temporarily unavailable. Make sure to check back soon, we replenish fully subscribed products quickly!

 

10. Why did my tokens disappear from my list after subscription?

Not to worry, your tokens have been moved to the ‘Earn’ section. To check your Earn balance, simply navigate to the ‘Earn’ tab and click on ‘My Portfolio’.

 

11. Will there be more tokens available?

Yes, the team is working to expand the range of tokens available on Earn.

 

12. How is the maximum amount of tokens I can subscribe determined?

To ensure safe and reliable access to Earn, each product has a minimum and maximum subscription amount per user. These limits vary from product to product and depend on the asset, duration, and market conditions.