Frequently Asked Questions
Cryptosdesk provides financial services to individuals and businesses worldwide. Our offerings include free crypto rewards, interest-earning accounts, low-cost crypto loans and crypto trading.
Go to the Signup page from a browser on your computer. You’ll be asked for your username, email address and a strong password. Then verify your email by clicking the link provided in the email you received from Cryptosdesk.
You can always change your password from the Signin page by clicking on the Forgot Password link. Please note, you will need to enter a valid email address in the Forgot Password page to be able to chage your password.
Yes, Two-factor authentication (2FA) is the industry standard for securing your online accounts. 2FA is enabled by default in Cryptosdesk. 2FA adds a second layer of protection to your account. When you signin, you’ll be prompted to enter a verification code received by email. You can mark the "I am in a trusted computer" optio if you don't want to be asked the 2FA code again.
The Cryptosdesk Interest Account is an interest-bearing account, which provides market-leading yields to crypto investors who store their crypto at Cryptosdesk. Clients can hold crypto and they will be paid daily interest.
Cryptosdesk generates interest on assets held in Interest Accounts by lending them to trusted institutional borrowers. To ensure loan performance, Cryptosdesk lends crypto on over-collateralized terms (similar to the structure of our crypto-backed loans). Furthermore, Cryptosdesk automated risk management system monitors positions 24/7, providing the same trusted risk management system used with Cryptosdesk crypto-backed loans.
You post any crypto as collateral, and you can borrow any other crypto against it. It is a great way to unlock capital without having to sell your assets and incur a taxable event. The amount of crypto you can borrow depends on the amount of collateral you post against the loan, and which LTV (Loan to Value Ratio) you choose.
Yes, you can pay back your loan at any time. When you pay your loan, the current interest period is paid on full (one day, one week or one month, depending on your payments frequency). Once your loan is paid off, collateral is released directly back to your wallet. A 1% flat origination fee is substracted from your collateral regardless of the duration of your loan.
When your loan LTV is at +20% of the initial LTV (for a loan LTV of 40%, this will occur when the LTV is 60%), you would get an email notification stating that your loan is in margin territory. Then you have 72 hours to add collateral in order to avoid liquidation. If LTV is not restored to a healthy level, Cryptosdesk may initiate a sale, at our sole discretion, of your collateral.
For every person that signs up using your referral code and deposits into their Interest Account, you will earn a 1%. For Example, if your referral adds 10000 USDC into his interest account, you will get 100 USDC directly to your wallet.