How to Earn on Dollars With CoinLoan
Investing in euro is super-comfortable on CoinLoan. You can use your card, or bank transfer, or AdvCash payment platform. But what about depositing in dollars?
USD SWIFT transfers are temporarily unavailable, but there are still alternative options that we can use. In addition to the AdvCash option, you can fund your CoinLoan account with dollars in one more convenient way.
We are talking about using stablecoins, which bring together fiat money and cryptocurrencies to create a coin that combines the benefits of both systems.
Today we’d like to share with CoinLoaners the use case of investing in USDC, one of the most popular stablecoins on CoinLoan. With USDC, you can create loan offers on CoinLoan or earn fixed revenue with our interest account.
Stablecoins have advantages of crypto: low fees and secure transactions, fewer regulatory hurdles. They make cross-border payments convenient, cheap, and available 24/7.
Until we enable SWIFT payments again, stablecoins offer an excellent opportunity to earn on USD for those, who have no account in AdvCash.
How to Get USDC Coins for My USD?
Use Circle USDC Tokenizer
Circle USDC Tokenizer is the easiest way to get and redeem USDC. Sign up on the official site, wire money from your bank, and exchange your USD dollars to USDC. Your payment will convert instantly at a ratio of 1 USD to 1 USDC. Circle charge no fees for converting and transferring your funds.
Buy on Coinbase Pro
Coinbase Pro is a trading platform for individual traders and crypto enthusiasts.
We recommend the platform for converting dollars <> USDC stablecoin.
How to Transfer USDC to CoinLoan?
Once you have your coins, you can easily send them to the CoinLoan account. All you need is to use a deposit address you can find in My Wallet. You pay no fees for depositing USDC on CoinLoan. As for withdrawing USDC, you have one free withdrawal per month; every subsequent withdrawal entails a fee of 35 USDC.
How Can I Earn on USDC?
Choose between lending or earning on the interest account. In the first case, you can offer a loan to borrowers on your terms. In the second one, you make an 8% annual on your funds as if it was a bank deposit.