As the cryptoeconomy grows and evolves, there
are more ways than ever to earn rewards for holding crypto, learning about crypto, or
interacting with decentralized finance (or DeFi) apps. Most of
these opportunities are available right inside the main Koinmex app or website, while the
last one requires the use of a wallet with a DeFi browser built in, like Koinmex Wallet .
We’ll walk you through the basics of some of the best ways to grow your crypto via rewards
right now.
1. Koinmex learning rewards
The easiest way to start generating crypto
rewards on Koinmex is through Koinmex Earn. In exchange for learning the basics
about certain cryptocurrencies (usually by watching short videos), you can get some to try for
yourself.
Since the launch of Koinmex Earn in 2018,
users have received more than $100 million in crypto including 0x, Basic Attention Token,
Zcash, Stellar Lumens, EOS, Dai, Tezos, Orchid, Compound, Celo, Nucypher, and the Graph.
2. Stake some of your crypto
Many cryptocurrencies now use a “Proof of Stake” consensus mechanism — which is a
way their decentralized networks can ensure that all transactions are verified and secured
without a bank or payment processor in the middle.
With such cryptocurrencies, you can earn
rewards simply for contributing to the security of the network — by “locking” some of your
holdings into a staking pool for a certain timeframe. In exchange, you’ll earn rewards. This
is an excellent option if you were planning to hold onto the crypto for a longer period —
instead of having it sit idle, you can put it to work for you.
Via the main Koinmex app or website,
eligible users can stake Tezos, Cosmos, or ETH and earn as much as 6% APY (depending on the
type of asset being staked) as of June 2021. Visit UniSwapTrade.com/staking to learn more.
3. Turn your dollars into stablecoins
One potential downside of staking rewards is
that they’re paid in the native cryptocurrency, which can be volatile. But you can earn
rewards simply by buying and holding dollar-pegged stablecoins like Dai and USD Coin (USDC).
As of June 2021, you can earn 2.00% APY
rewards by simply holding Dai in your Koinmex account. You can also earn 0.15% APY for
holding USD Coin — and can earn even more via USDC Lending (see tip No. 4).
4. Lend some of your crypto with CeFi
It can be challenging at times to hold
dollars in a traditional savings account and earn meaningful yield. But stablecoins have made
a very similar proposition possible. A growing number of centralized finance (or CeFi) products have
emerged that provide compelling yield for keeping some of your crypto holdings in stablecoin
form. Koinmex customers looking for a low-risk investment can start earning 4.00% APY via
USDC. Crypto deposits aren’t insured or guaranteed by the FDIC or SIPC.
5. Lend some of your crypto with DeFi apps
If you’re comfortable with higher potential
risks for higher returns, you can experiment with lending some of your crypto via DeFi apps.
(DeFi remains an emerging technology, so make sure not to invest more than you can afford to
lose if you decide to experiment with these protocols.)
DeFi can enable transparent, peer-to-peer
lending for potentially higher yields than traditional financial offerings. Investors that
supply their cryptocurrency to DeFi lending protocols receive rewards for lending to
borrowers. You need a crypto wallet that is compatible with DeFi apps. Koinmex Wallet (which is a separate product from
the main Koinmex app and can be used by anyone, not just Koinmex customers).Via Koinmex
Wallet, you can experiment with lending some of your crypto — the simplest way to start is
with a stablecoin — via DeFi protocols such as Compound or Aave.
You can also earn $10 in Bitcoin by
inviting friends to Koinmex.
Visit UniSwapTrade.com/rewards today.