Easy Save Frequently Asked Questions (FAQs)
Is the interest rate an annual rate?
Yes. All Easy Save interest rates are quoted as an Annual Percentage Yield (APY).
How is interest paid?
Interest is paid in the same cryptocurrency that you deposited into Easy Save. For example, if you deposit Bitcoin (BTC), your interest will also be paid in Bitcoin (BTC).
Why do my estimated earnings in ZAR fluctuate?
Your estimated earnings in ZAR will fluctuate as the market value of the cryptocurrency changes. This only affects the estimated Rand value displayed and does not affect the amount of cryptocurrency interest you earn.
If I deposit cryptocurrency and the price changes, how will it affect me?
The amount of cryptocurrency you deposit remains the same, regardless of market price movements.
For example, if you deposit 1 Bitcoin (BTC), you will be able to withdraw your 1 BTC, plus any BTC interest you have earned, irrespective of changes in Bitcoin's price.
How long does it take before I start earning interest?
Interest begins accruing immediately after your deposit is successfully added to Easy Save, and you should typically see your first interest credited within a few minutes.
How much can I deposit into Easy Save?
There is no maximum deposit limit. However, depending on the amount deposited, you may be required to provide Source of Funds (SOF) documentation as part of our regulatory compliance requirements.
Can I have more than one AltCoinTrader account?
No. AltCoinTrader allows one account per client.