When you deposit money to the interest account, we technically borrow your funds and paying you interest in return. Once you deposit the funds into the account, they start to generate profit. In a similar way to a bank deposit, we use a part of your money to create Loan Offers on the CoinLoan platform. Interest is accrued daily and deposited directly into your wallet on the first day of the month.
Interest Account is available to anyone. No matter where you live, no matter what your role on the platform. Both lenders and borrowers can use our Interest Account, as well as every person or company that registers an account. There are no limits at all.
Hacking attempts, bots, and DDoS attacks are filtered out meticulously thanks to Web Application Firewall and DDoS Protection.To keep the platform and customers’ funds safe, we utilize the strictest security standards as the financial institution does. To prevent security breaches, we have a bug bounty program, account takeover protection system, regular vulnerability scans, and, for sure, two-factor authentication that protects your account. You can find a broader explanation of the CoinLoan security system here.