The Attraction of Crypto Lending Assets
It is a service that charges a usage fee (rent) according to the brand, quantity, and loan period by lending the encrypted assets (virtual currency) owned by the customer to the company for a certain period of time.
By lending crypto assets (virtual currencies) that you do not intend to sell, you will be able to collect royalties.
Our crypto assets include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT), corresponding to 7 brands . (We plan to expand the number of brands in the future.)
Service overview
| Service Name | coin rental |
|---|---|
| Transaction Type | loan transaction |
| Brands handled |
|
| Order received time | Same as our trading hours (excluding maintenance hours) |
| Usage fee (tax included) |
Usage fee (tax included) = loan amount x annual rate (usage rate) x term ÷ 365
* Based on 365 days per year. Round down to the 7th decimal place. |
| Lending period/Number of loans Lending units/Maximum number of applications |
set for each course
*Please check on the recruitment screen. |
| Contract | In principle, according to the standards set by our company, the application is approved in the order of application |
| Return Date | Judgment Day 17:00 to 18:00 |
| Number of returns | Add royalty (tax included) to loan amount and return as cryptoasset |
| Cancel en route | Nothing |
| The response strategy when new coins are generated due to forks, etc. |
During the lending period of encrypted assets, when new coins are generated due to the hard fork of encrypted assets, in principle, the currency equivalent to the new coins will be delivered, additional borrowed coins will be added, and the new coins will be returned. Not implemented. |
FAQ
- Q
What is coin rental?
- A
Lending is a service that allows you to lend us your crypto assets (BTC, ETH, XRP) for a usage fee (= rent) based on the lending period.
Mainly recommended for clients who want to hold crypto assets for a long time.
Advantage
For customers who hold long-term crypto assets, simply deposit them with us to receive usage fees (= crypto assets will increase).
Disadvantage Due to
Customers cannot cancel the loan in the middle of the loan, so they cannot be flexible when the market price fluctuates. Example: Unable to sell when the price suddenly rises
About tax
Royalties earned after the due date are miscellaneous income and are taxable.
- Q
Can I cancel my application?
- A
Cancellation is possible during the application period (until the application closing time). Please note that applications cannot be cancelled after the application closing time.
If the number of applications exceeds the limit, or the transaction capacity is less than the required loan amount, the loan may not be completed.
