What are the fees?
No service fees apply to Earn. Vault carries a service fee of 0.6% per year on the crypto assets held. This is calculated daily and charged monthly. In addition to service fees, transaction costs apply. Please refer to our fee schedule for a full overview of all rates.
What are the costs?
You pay no separate service, custody or transaction fees on the crypto you lend through Earn. The lending programme’s operating costs are deducted from Amdax Yield B.V.’s income. You still get the service you’re used to from Amdax: we’re available for your questions, and our platform stays accessible and transparent.
Can I trade or stake crypto in Earn?
No. You can only trade and stake from Vault. To do so, first transfer the crypto back to your Vault.
Is my crypto in Earn always available immediately?
Depending on market conditions, a withdrawal of crypto assets from Earn can sometimes take up to 7 days. Crypto assets in Vault are always available immediately. If your crypto assets are staked, there may be a waiting period when you unstake them.
What are the risks of Earn?
Earn is an unregulated service offered by Amdax Yield B.V., a sister company of Amdax. Amdax Yield does not hold a MiCAR licence. The protections that apply to your Vault portfolio do not apply to Earn.
These are the main risks. Your crypto temporarily transfers to Amdax Yield and is no longer protected by the Foundation. If Amdax Yield or one of its counterparties cannot meet its obligations, you risk not getting back some or all of your crypto. Read our Risk Warning and the Lending Terms carefully before you use Earn.
Does Earn affect my crypto in Vault?
No. Earn and Vault are fully separate and run through different entities. Earn is offered by Amdax Yield B.V. Your crypto in Vault is held within the foundation and is never lent out. If you don’t use Earn, nothing changes in how your crypto in Vault is held or protected.
How do I receive my rewards in Earn?
Your rewards accrue daily and are credited in bitcoin to your Earn environment at the end of each month.
I already have bitcoin in Earn. Do I need to do anything?
Your rewards accrue daily and are credited in bitcoin to your Earn environment at the end of each month.
Why isn’t Earn covered by MiCAR?
MiCAR regulates crypto-asset services such as custody, trading and portfolio management. Lending and borrowing crypto assets currently falls outside the scope of MiCAR. Earn is therefore governed by the Lending Terms, which are subject to Dutch law.