Here you can find frequently asked questions about emcd. Coinhold.
What is the reason for offering such a high interest rate for Coinhold?
emcd. provides one of the most competitive interest rates available in the market for savings products.
Our Coinhold savings wallet operates with full transparency, and the key factor is liquidity.
The concept is straightforward:
The funds that users deposit into emcd. Coinhold serve as liquidity for internal exchanges within our application. It's essential to emphasize that we do not place these funds on external trading platforms or invest them in high-risk DeFi instruments, as we prioritize the security of our customers' funds.
Each day, a substantial volume of transactions is conducted by our users within the emcd. ecosystem. Even though the exchange fee is only ~1%, it allows the company to generate ~15% annual profit in stablecoins and ~10% annual profit in bitcoin and altcoins. The majority of our earnings are distributed back to emcd. Coinhold holders.
We use advanced security methods to protect the funds of emcd. Coinhold users. Firstly, we use distributed storage (for example, part of the funds is stored on secure cold wallets with multisig technology). Secondly, the company employs a custodian to protect its funds, ensuring the stability and security of our assets.
How do I use Coinhold? Where can I find Coinhold?
In the personal cabinet on the website there is a Coinhold section, where you can open a new Coinhold and set up the automatic top-up of Coinhold from the mining account.
In the mobile application you can find Coinhold in Wallets section.
Then choose your type of emcd. Coinhold and start earning more from your coins or tokens 😉
Coinhold top-up questions
What are the deposit limits for Coinhold?
There is no limit for mining coins.
For stablecoins, there is a minimum requirement of 100 tokens.
Furthermore, for mining coin deposits, there is an option to configure a daily automated deduction from your mining account to Coinhold, with the flexibility to set it anywhere between 1% to 100% of the daily mining reward received.
How do I top up Coinhold?
There are two ways to top up Coinhold: from your wallet or via automatic top-up from your mining account.
In order to top up Coinhold from your wallet, you need to:
Top up your wallet in the certain coin.
Open a new Coinhold (in case if you haven’t opened one yet).
Top up Coinhold through the settings on the Coinhold page or directly from the wallet.
To enable automatic top-up from a mining account, you need to set the deduction percentage in the Coinhold settings. (This feature is applicable only to mining coins).
I deposited funds on Coinhold, but the interest was not accrued the next day. Why?
To start earning interest, your Coinhold balance must remain unchanged for the subsequent 24 hours following a deposit or withdrawal. After this 24-hour period, interest will begin accumulating.
Coinhold withdrawal questions
How do I withdraw funds from Coinhold?
Partial withdrawal: this option allows you to withdraw a part of your funds from Coinhold while keeping the account open. In this scenario, the future rewards will be calculated based on the remaining balance in Coinhold.
This option is avalable only for the certain types of Coinholds with partial withdrawal.
Early closure: you can close your Coinhold as early as you wish. However, in this case, the interest that has accumulated since the last capitalization will not be paid.
This option is avalable only for the certain types of Coinholds.
Please note that all withdrawals from your Coinhold savings wallet (including partial withdrawals and early closure) will be frozen for 24 hours.
This means that after the Coinhold withdrawal/closing request is completed, the withdrawn amount will appear in your wallet after 24 hours.
If I make a partial withdrawal, will I lose the interest accrued on the previously deposited amount?
Don't worry, the interest in your Coinhold savings wallet accumulates on a daily basis, and it remains unaffected even if you perform a partial withdrawal.
Here's an example:
You opened Coinhold for 6400 USDT.
Daily accrual of interest started for the entire 6400 USDT.
After 5 days you decided to withdraw 5000 USDT, leaving your Coinhold with a balance of 1400 USDT
The interest that was accrued for 6400 USDT for 5 days will remain on your account. Subsequently, interest starts accruing on the remaining 1400 USDT left on your balance.
Later after 15 days, you decided to add an additional 2600 USDT to your account, resulting in a total balance of 4000 USDT.
After that that interest for 1400 USDT will stop accruing, and in the following days interest will start accruing for 4000 USDT.
Finally, by the time the 30-day interest period ends, you will receive your payments:
Interest for 5 days on the original 6400 USDT
+ interest for 15 days accrued for the amount of 1400 USDT
+ interest for the remaining 10 days until the end of the 30-day period, based on the 4000 USDT balance.
Please note that your Coinhold balance must remain unchanged for the subsequent 24 hours following a deposit or withdrawal. After this 24-hour period, interest will begin accumulating.
I can't withdraw the last 100 USDT / 100 USDC. Why?
emcd. Coinhold for tokens USDT/USDC has the minimum balance that should be left - 100 tokens.
In order to withdraw the rest amount of 100 tokens please wait till Coinhold term ends or make an early closure of your Coinhold.
Is there an early closure of Coinhold?
Yes, depending on the type of Coinhold, you can close it by yourself, the accrued % may be lost (depends on the specific type of Coinhold you have).
What does happen when the Coinhold term ends?
When the Coinhold term ends the coins or the tocens are deposited back to your emcd. wallet.
Is there any fee for transfer between emcd. Coinhold and emcd. wallet
No. We don't apply any fee for such transfers.
Coinhold interst questions
How is interest calculated?
The annual interest rate of X% displayed when you open a new Coinhold shows the interest you will earn as if you keep your assets in the Coinhold savings wallet for one year.
To calculate the total daily accruals, follow these steps:
Multiply your Coinhold balance by the annual interest rate X% (where X represents your Coinhold's interest).
Divide the result by 365 (or 366 for the leap year)
Interest on the amount deposited in Coinhold is accrued daily at 00:00 (GMT+0).
The interest capitalization occurs once every 30 days, specifically on the 31st day at 00:00 (GMT+0).
What is the interest capitalization?
Capitalization means that we pay the interest you earn to the initial amount deposited in Coinhold.
If you choose to capitalize the interest to Coinhold, then during the subsequent 30-day period you have the potential to earn additional interest not just on the initial deposit, but also on interest amount added after the capitalization event.
The longer you keep your assets in the Coinhold savings wallet, the more income you get from capitalized interest.
If you choose to pay earned interest from Coinhold to your emcd. wallet, it will be paid every 30 days to your emcd. wallet and there will be no additional interest accruals on the withdrawn amount in the following capitalization periods.