No products in the cart.
- Latest
- Trending
ADVERTISEMENT
MyConstant is a US-based peer-to-peer lending service that connects investors and borrowers. The platform offers a number of different investment products with generous interest rates, some reaching as high as 15% per annum.
Investors can potentially generate higher returns than can be obtained through traditional financial institutions.
MyConstant launched an international developer group in early 2019 to create a stablecoin. This stablecoin CONST soon became a reality. The team then moved on to areas they believed had great potential. It’s a peer-to-peer loan backed by cryptocurrencies.
The first step in investing through this platform is creating a suitable investment order. You can choose your interest rate by investing in stablecoins or USD. MyConstant allows users to select default options for a set investment period and guaranteed match.
The next step is to deposit funds. This can be done by wire transfer or direct deposit. One option recommended by the platform is Zelle. It’s cheap, fast and easy.
Investors can withdraw their funds after being matched with a borrower and after the investment period has expired. Withdrawals are free and easy. Investors can convert their funds into stablecoins or USD, or reinvest them.
MyConstant redistributes crypto assets among exchange partners after being sent to the lending pool. Crypto loans provide liquidity to exchanges and swapping partners. Interest is paid periodically and compounded, providing investors with an immediate return. You can also receive a portion of the transaction fees.
Notable features of MyConstant include instant growth potential, no investment fees, passive income and instant withdrawals. Evidence suggests that crypto funds can grow quickly once an investment is made.
Sending crypto may incur network charges, but MyConstant does not charge for deposits or investments.
This platform will allow you to keep making money between trades. An idle crypto can bring her APY up to 12.5%. You can withdraw your cryptocurrency whenever you need it.
With an instant access feature that brings 4% APY, people can deposit funds online into the platform and earn interest just like they would with a savings account.
Please note that Instant Access is not covered by FDIC insurance. Earn interest by providing liquidity to the platform.
When depositing funds with Prime Trust, the deposit does not go into Instant Access by default. All deposits into the platform will be converted into CONST, the MyConstant stablecoin.
You don’t need to maintain a minimal account to use Instant Access. In return, you will receive 4% APY on your deposit.
This feature could be a potentially lucrative and flexible alternative investment compared to traditional savings accounts.
Two-factor authentication
Can withdraw money at any time
Free deposit and withdrawal fees
A much higher APY than traditional savings options
Complex investment options
Confusing loan plans
Provision of limited currency
This platform offers a higher return on investment than banks and similar institutions. With a variety of investment options to choose from, it is suitable for people of all experience levels.
High risk is inherent in crypto, but MyConstant is user-friendly and transparent. It’s a good option for those looking to take more risks and earn more.
Compared to similar platforms, MyConstant offers a higher level of security. This will be done through MyConstant Guarantee, a fund containing fiat and cryptocurrencies worth a total of $10 million. Funds are stored in cold wallets and bank accounts.
Losses incurred while your funds are in the custody of the Platform or a third party are covered by the MyConstant Guarantee. This also applies if the Platform or any third party is at fault.
The warranty is not valid if you do not take the recommended measures to protect your assets or if the market is volatile.
This guarantee covers cyber risk, loss of private keys, and storage risk. It does not apply in the case of market risk, default risk or personal security risk. In other words, losses are not covered if the collateral is devalued.
It has no effect if the borrower does not repay the loan or suffers identity theft, login data theft, or 2FA device theft.
New users may find the interface confusing at first, but overall it’s easy to navigate. MyConstant is a very well-known peer-to-peer lending platform that appeals to both borrowers and lenders, with an average rating of 4.7/5 on Trustpilot.
Investors of all experience levels and backgrounds can enjoy the experience on this platform. No deposit fees and the option to invest as little as $10 are many of the things that make it attractive to users. Two.
