Is MyConstant safe?
Most of MyConstant‘s products are not as safe as a traditional loan or yield account. The USD deposit account offers FDIC insurance up to $130 million. That’s more than 500 times the amount of insurance most accounts provide.
Get your bonus using the MyConstant invitation code: coinlive.
What is MyConstant?
With a stablecoin that is tethered to the United States Dollar, MyConstant is working toward a solution to the problem of volatility that affects the majority of cryptocurrencies. The foundation of its infrastructure is a decentralized network built on top of smart contracts, unlike other cryptocurrency loan platforms like Coinrabbit. According to the people who developed it, it is one of the safest potential options for digital assets linked to fiat currencies. The group has been involved in the development of different stablecoins in the past.
The stablecoin offered by MyConstant, known as CONST, is linked to the value of the United States Dollar and makes it possible to make low-cost and almost rapid foreign currency transfers between several different currencies.
MyConstant’s CONST could be one of many possibilities for consumers and businesses interested in minimizing fees and ensuring secure transactions across borders. This is because other cryptocurrencies, like Bitcoin, are also increasing their transaction capabilities.
The company’s first concept was nothing more than a system that streamlined the payment process. The startup would offer secured peer-to-peer loans such as Bitcoin loans, rather than continuing to act as merely a payments platform.
Since it began operations in May, the company has been responsible for the disbursement of loans totaling $15.8 million, and the level of interest shown by investors continues to increase on an exponential scale.
You can check our Nexo review and BlockFi review to get more information about other crypto lending platforms.
How to Get the MyConstant Sign Up Bonus
To begin, the invitation code can only be used by new users who have not previously participated. You will not be eligible for the 10 USDT incentive if you already have an account with MyConstant. All of the benefits above are accessible to currently enrolled users.
Because MyConstant is not in the business of handing out free money, you will need to fulfill all of their requirements. The following is a list of the criteria to fulfill to get the 10 USDT bonus:
- When you are setting up your account, make sure to enter the promo code: coinlive
- Confirm that you are who you say you are by going through the KYC process.
- Include the details of your bank account.
- Make a minimum deposit of 100 USDT or USDC into your account.
- Keep this amount in your possession for at least one month.
You merely need to deposit either fiat currency or cryptocurrency onto the site to be eligible to obtain the one-of-a-kind NFT. It makes no difference how much there is. When you take out your first loan, the introductory APR of 0% for 30 days will be added immediately.
MyConstant Referral Program
Refer US citizens using your unique referral link, be it a Kucoin referral code or a Coinloan referral code by using the promo code: coinlive. When they sign up, pass KYC, and deposit at least $10, you’ll get a $10 bonus into your account plus 10% of their instant-access investment earnings in their first year. Become a diamond MyConstant member, and your earnings will double.
MyConstant Referral Bonus Rates
Once you have an account, you can give $10 and get $10 when you refer your friends to invest with MyConstant. Not only that, you’ll get 10% of your referral’s Flex interest earned in their first year, paid out every second. The most you can earn from the MyConstant referral program is $1,000,000.
Supported Crypto
MyConstant supports more than 71 cryptocurrencies and tokens on its platform. The popular ones are Binance Coin, Ethereum, Bitcoin, Ripples, etc.
Interest Rates
The interest rates of MyConstant depend on the plan you are on.
| Plan | Interest Rate | Number of Days/months |
| $ US Dollar | 6% | 30 days |
| $ US Dollar | 6.5% | 90 days |
| $ US Dollar | 7% | 180 days |
| Crypto Lend: BNB Coin, Bitcoin, and Ethereum. | 4% respectively. | Instant Access |
Supported Countries
MyConstant supports users in over 190 countries, including the United States, Canada, the United Kingdom, Australia, and New Zealand. MyConstant also helps users in many European Union countries, including France, Germany, Italy, and Spain.
Is MyConstant legit?
An authorized financial institution in the United States, Prime Trust is the partner that MyConstant utilizes for its custodial services. Its primary function is that of a cryptocurrency and fiat currency custodian. Prime Trust stores all USD in numerous bank accounts, each with a $100 million maximum indemnity limit for added security.
Table of Contents
Frequently Asked Questions
How does MyConstant work?
MyConstant offers a unique service to investors, allowing them to earn interest by having cryptocurrency deposited and then matched with borrowers. The platform combines short-selling and futures trading, allowing traders to take advantage of price movements as they happen.
How do I withdraw money from MyConstant?
Click the Payment method option to access your funds (Bank transfer). Make sure you click the icon that says "connected bank account ACH," and then go to step 2. After that, enter the amount you want to take out of your account. ACH transfers are free, and it can take up to ten business days for the money to reach your account, though it's frequently less than that.
How do I deposit money into MyConstant?
How do I deposit? You can deposit into your MyConstant account by clicking the “Make a deposit” button on the Accounts page or by going directly to the deposit page. Select the amount you wish to deposit and click the "Deposit now" button.
