Instant Transfer from Flexible to Fixed Account
We are striving to make your experience with CoinLoan as enjoyable as we can and take into account your thoughts on our updates. Since the introduction of our Fixed Account a couple of months earlier, you have been asking us to give the platform users an opportunity to transfer funds between Flexible and Fixed Accounts for those who want to get better rates for their holdings without waiting for a fixed withdrawal time.
We are excited to tell you that from now on, you can use Instant Transfer to move your funds from Flexible to Fixed Account and get better conditions for your holdings.
How the feature works
To transfer funds from your Flexible Account balance, you should go to the Create Account form in the Fixed tab and choose the Flexible Account option as the funding source.
You can also proceed to the Create Account form directly from the Flexible tab and the withdrawal form for Flexible Account.
Important notes about Instant Transfer
- You can select both Flexible Account and Wallet Balance options as the funding source simultaneously. In this case, funds will be automatically deducted from Wallet first. If there are not enough funds on the Wallet balance, the system will use your Flexible Account balance.
- When transferring from Flexible to Fixed Account, your funds are first withdrawn to Wallet and then deposited to Fixed Account. You can find all the transactions in the tab of the same name in the Wallet menu in the web app and in Wallet History in the Wallet menu in the mobile app.