What is Crypto lending?
Crypto lending is the process of lending your digital assets through crypto exchanges or different lending sites with an opportunity to get some returns. This feature is now available on ZebPay. Please keep a lookout for further communications.
What will be the returns on this?
As the term lending indicates, you will be lending your coins to ZebPay on which you will get returns depending on the coin and the time period you lend it for.
The will be calculated as Simple Interest.
Which coins can i deposit with Zebpay and earn
Currently, we are supporting the following coins:
What are the minimum and maximum tenure for the deposits?
We offer 2 types of deposits:
1) Open term - Where you can withdraw the tokens any time you want to. There is no lock-in period for your coins.
For open term lending:
Tap on any cryptocurrency lend button on your home screen.Please check minimum amount before placing the order
Select Open term and enter the amount in cryptocurrency
Tick mark the terms of the agreement
Tap on Lend
Confirm your order
Enter the PIN to authenticate your transaction
2) Fixed Term - These can be for 7 days, 30 days, 60 days, and 90 days. In this case, the tokens cannot be withdrawn before the end of the term. In case you choose to withdraw before the end of the team a penalty will be applied.
For fixed-term lending:
Tap on any cryptocurrency lend button from your home screen and select fixed term. Please check minimum amount before placing the order
Enter cryptocurrency amount and select the number of days
Tick mark the Auto-Renewal option and select the option Principal Or Principal + earnings
Tick mark the terms of agreement and tap on lend to place an order
Confirm your Order
Enter your PIN to authenticate your transaction
Is there a penalty for early withdrawal of coins?
Yes, there is a penalty on the earnings accrued till date. The details are available on the app.
For Open term deposits, the principal amount will be credited immediately.
Is there a minimum deposit limit for each token?
Yes, there are minimum limits for each coin for both fixed and open terms
Please check the app for the minimum limits.
What is the rate of returns on these deposits?
The rate of returns would be a certain % of the yield earned by Zebpay on each token. The rate may vary depending on the token. The details are available on the app
Would Open term rate of return change for all customers?
Term rates would change for new customers only
How will the earnings be calculated?
Earnings would be calculated for a 24 hour period starting from 00:00 UTC to 23:59 UTC and will start at 00:00 hrs UTC from the start date of the deposit.
When will the earnings be credited into the account?
For Open term deposits, earnings will be credited to your wallet daily between 00:00 and 02:00 UTC
For term deposits, int will be credited to your wallet account between 00:00 and 02:00 UTC at the maturity of the deposit.