With Kassio you can start earning returns on your idle crypto assets without taking risk of trading. All you need to do is simply transfer your crypto asset to the Kassio wallet & start earning returns instantly. You can also invest in fixed deposits (FD) to maximise the gains on your crypto holdings by keeping the assets for a specific time period. With the earn module of Kassio, you can get returns up to 13% APY and amplify your crypto exponentially by just holding your crypto on our platform.
Yes! You can easily transfer your crypto assets from other wallets to the Kassio wallet using the deposit feature on the platform.
Yes! You can buy crypto assets via the buy option under the trade feature on Kassio. Once you purchase the crypto asset, you can utilize the earn feature.
There are two ways you can start earning interest on your crypto on the Kassio platform. You can start earning savings interest on your crypto while you hold it in the Kassio wallet. For earning higher interest rates, you can opt for a fixed deposit (FD) where you are required to hold your assets for a specified time period. Sign up with Kassio, put your cryptos in Kassio Wallet and start earning interest right away.
Yes! You can create FD with a minimum amount equivalent to 10 USDT in any crypto. For example, you need to have 10 USDT worth of BTC to do a FD in BTC.
Yes, You can withdraw your crypto assets whenever you want. You have full control over your crypto assets. However, if you withdraw your crypto assets before the maturation period, you will lose the interest earned. We recommend you keep your cryptos for a long period of time to earn returns.
As mentioned earlier, you can withdraw your amount from FD whenever you wish but on opting out before the completion of the maturation period, you will lose all the interest earned over the period.
The returns will be transferred to your wallet on the maturation of FD i.e completion of the lockin period of FD. For eg. If you have invested in 30 Days FD, you will get an interest payout after 30 days. However, your interest earned amount will be visible to you during the entire locking period of FD.
This is advised to keep funds for the long term in the FD to enhance the returns but there is no penalty on an early withdrawal.
To maximize your earnings up to the mentioned APY for your crypto, you need to invest your asset for one year and opt for the auto-renewing principal & interest option. At the end of the year, you will earn the APY stated for the crypto.
Yes! You can enable the auto-renewal option even after creating the FD. To enable the auto-renewal option, follow these steps:
You can check out the stepwise guide with reference Images
Let's take an example to understand the difference.
|Example 1:||Rahul has created FD with 1 BTC for 30 days (With 6.5% annual interest)|
|After one month interest earned= 0.00534246 BTC|
|Case 1||On autorenewing only Principal|
|Principal amount for next month= 1 BTC (Same as original principal amount)|
|Case 2||On autorenewing Principal + Interest|
|Principal amount for next month = Original Principal +Total Interest earned|
|= 1 BTC + 0.00534246 BTC = 1.00534246 BTC|
On auto-renewing principal, interest earned will be paid out after one month whereas the principal amount will be invested for another month. Whereas on opting for renewing principal and interest, both the principal and earned returns will be invested for next month.
The annual percentage rate is the simple interest rate over the year. Whereas APY is the annual percentage yield in which the effective rate includes the effect of monthly compounding i.e interest over interest. Due to the compounding effect, the APY is always greater than the annual percentage rate.
At Kassio we always maintain liquidity corresponding to the total assets under management (AUM). We have a strong liquidity pool mechanism built in where we maintain adequate funds supply to meet fund withdrawals as needed. In addition, we have your asset secured against any unforeseen events. In summary, you will be always able to withdraw your funds.