General

Here for the first time? See, how you can benefit from using yETH crypto-backed lending platform.

yETH Token (yETH)

yETH contract address, exchanges and trackers.

Token Details

  • Contract Address(ERC20):0xD387f0E62E3f123A54Ae486056A5D859AFFeD0c8
  • Contract Address(BEP-20):0x77dfb1dafc92c5df29996f5528ba1829941cd3bb
  • Token Name: Fyeth.finance
  • Token Symbol: yETH
  • Decimals: 18

Is there a mobile app for yETH?

yETH app is now comming soon for iOS and Android.

How to sign up for a corporate account?

Steps to opening a yETH business account

To open a bank account in the corporation's name please email us at [email protected]. The yETH team will help you with the the onboarding process.

What countries is your platform available in?

yETH operates worldwide with small restrictions.

The yETH platform operates worldwide with small restrictions due to regulations.

Due to local and international laws and regulations, some yETH features are currently unavailable to users based on residency and physical location. No yETH services are available to users in any territories identified as involving high compliance risks. For more information about these restrictions, please email [email protected]

Why choose yETH?

Worldwide coverage, unique coins, flexible yETH conditions and other features that make yETH unique.

There’re plenty of reasons. Let us name a few:

  • We provide worldwide coverage.
  • We operate totally within a legal framework. We’ve got European Financial Licenses: FVR001444, FRK001329.
  • For each loan, we generate a Loan Agreement that may be brought to your bank or the tax office.
  • On yETH, you can get several different loans simultaneously. It helps to diversify your risks, since with a single credit line, you’re likely to lose all your crypto assets at once in case a single currency suddenly decreases in value.
  • yETH provides a wide variety of stablecoins, fiat, and cryptocurrencies, including some unique ones.
  • Another pretty unique option is crypto-to-crypto loans. So far, none of our competitors let you borrow BTC against BTC. On yETH, nothing is impossible.
  • yETH ensures the integral safety of its users and their assets. To find out more about yETH security system, please read this article by Kyle Kistner, yETH Co-founder and CTO.
  • On yETH, you enjoy easy and fast fiat depositing. Choose from Visa/MasterCard, SEPA, SWIFT, and other payment methods.
  • We have no fixed interest rates as they are completely market-determined. In our practice there have been loans borrowed under 5% only and other loans lent under 22%.
  • Our liquidation algorithm allows us to provide one of the highest LTV limits on the market — 70%. This limit will rise to 80% in the nearest future. Liquidation point comes only when your LTV value crosses the line of 90%.
  • Early repayment (prepayment) is possible at any time without penalties.
  • You can choose a Repayment Option for your loan: Interest-Only or Principal + Interest.

What are the benefits of using the yETH platform?

For borrowers, yETH is a chance to unlock value of crypto while holding. For lenders, it's an opportunity to invest with minimum risk.

For the Borrower, yETH provides an opportunity to unlock the value of crypto while holding. Instead of selling assets and lose on unfavourable rates and taxation, users can get money fast using their assets as collateral. Crypto-backed loans can also be used as leverage for various trading strategies.

For the Lender, yETH is a perfect opportunity to invest fiat or crypto with minimum risk, as all loans are overcollateralized by crypto. Choose your desired interest rate and earn returns without worrying about the borrower’s solvency.

Where is yETH based?

yETH is incorporated in Tallinn, Estonia.

yETH is incorporated in Tallinn, Estonia, and for a good reason. 

Estonia is a European start-up and digitization paradise. This North-European country is one of the world’s most crypto-friendly environments. 

With the key members living in Tallinn, yETH international team includes professionals from other countries in Northern and Central Europe.

What is yETH?

yETH is a crypto lending platform for asset-backed loans. Earn interest on idle assets. Get loans against your coins instead of selling.

yETH can be considered to be the pioneer and the discoverer of P2P crypto-backed lending. The idea emerged from the personal experience of our co-founders. We started our work on the project about two years ago, in October 2019 when nobody understood the very concept of crypto as collateral. A year later, crypto-backed lending was at the center of world interest.

Today, yETH is a crypto lending platform, where anyone can issue and get a loan backed by cryptocollateral. 

Our platform is a meeting point for borrowers who seek to leverage their cryptoassets without selling them and lenders who wish to earn competitive interest with minimal risks.

Totally client-oriented, yETH offers a lending mechanism with bank-grade security and one-of-a-kind flexibility. 

How do I use Visa/MasterCard payment method?

To use Visa/MasterCard on yETH, you need to verify your payment card, after that deposits will be made in a couple of clicks.

First of all, check if your card matches the requirements. Only Visa and MasterCard cards are supported now. Your card must have 3D Secure technology support (Verified by Visa or MasterCard SecureCode).

To use Visa/MasterCard on the yETH platform, you need to verify your payment card once, after that deposits will be made in a couple of clicks. You should have at least 2 EUR (in equivalent) on card balance so we can charge a verification transaction.

How to verify your bank card:

  1. Go to My Wallet, find Euro, and click on Deposit. Choose the payment method and click on the Add New Card to start verification.
  2. Enter the card details.
  3. yETH will subtract a small pending charge to your payment card. To confirm the ownership of the card, you need to enter the exact amount of this transaction in EUR into the field below. This charge will be automatically refunded to you within a few days.

If your card in another currency, you can check the transaction details in the banking app or contact your bank customer service so they can provide the transaction amount in the original currency. You have only three attempts for entering the verification charge amount. If you have exceeded your attempts limit, please contact support for manual verification.

  1. Upload a selfie with your payment card. Your face and card should be clearly visible on the photo.
  2. After that, it will take some time to approve your verification. Usually, it takes up to 24 hours. You will receive an email notification when everything is ready.

How to deposit via a bank card:

Currently, you can only deposit euros via Visa/MasterCard.

When verification is done, all you need to do is to enter the deposit amount and CVV2/CVC code. You will receive an email confirmation once your transaction is approved.

How do you withdraw via a bank card:

Currently, withdrawals via Visa/MasterCard are unavailable on the yETH platform.

How can I use the platform if I don’t have a bank account in Euro?

You can convert whatever fiat currency you have.

You can convert various fiat currencies with the most competitive exchange rate using XendPay.

EU citizens have an additional opportunity to open an account in Revolut to convert their currency and deposit Euros to the yETH platform.

How do I use EURS stablecoins?

Where and how you can buy EURS.

EURS = EUR?

EURS (Stasis) is a stablecoin, backed 1:1 by EUR. The issuing company is based in Malta. Find more information on the Stasis website.

Where can you buy/sell EURS?

RaidoFinance digital asset exchange is a yETH partner and EURS operator. On RaidoFinance you can exchange EURS for EUR at a 1:1 exchange rate and transaction cost price. You can also buy/sell EURS in pairs with other liquid currencies such as BTC and ETH.

How to buy/sell EURS for other cryptos (BTC, ETH)?

1. Sign up on the RaidoFinance exchange using the following link: 

.  

2. In your account open Balances page and make a transfer to your EURS (BTC, ETH) wallet.

3. Exchange EURS (BTC, ETH) on the other crypto within BTC/EURS and ETH/EURS trading pairs. 

4. After an exchange, you can withdraw crypto on an external wallet using WITHDRAWAL feature in your account.

How to buy/sell EURS for fiat money (EUR)?

1. Sign up on the RaidoFinance exchange using the following link: 

https://raidofinance.eu/sign-up

2. Provide your ID and Utility Bill to get the third level of verification.

3. If you want to sell your coins, open Balances page, and deposit EURS to your wallet.

4. On the Balances page, click on  FIAT DEPOSIT (to buy for fiat) or FIAT WITHDRAWAL  (to sell for fiat). 

5. Please follow the instructions; the transaction will be completed between 5 minutes and 24 hours.

Which stablecoins are available on yETH?

The ultimate list of yETH stablecoins: BTC,ETH,yETH,...
  • Bitcoin (BTC);
  • Ethereum (ETH);
  • yETH (yETH);

How does yETH Referral Program works?

A short guide on how you can earn 5 yETH fees.

Just visit the referral program page, get your link, share it and earn 5 yETH fees for every loan issued by referred users.

It is very easy to become an affiliate. Just follow the three steps below.

  1. Create an account on the yETH Platform (in case if you don’t have one yet).
  2. Go to the Affiliate section after logging in.
  3. Copy and share your unique referral link. You can post it in your social media, put banners on your site or set up some ads. This is all up to you now.

How can I deposit and withdraw fiat funds from the system?

You can deposit and withdraw fiat via SEPA/AdvCash/Alfa-Bank payment methods.

You can deposit and withdraw fiat via SEPA/SWIFT/AdvCash/Alfa-Bank payment methods.

You can also use debit and credit cards of almost every bank of the world to deposit fiat funds. The platform allows using cards to deposit EUR only. Nevertheless, it is possible to deposit EUR from any card, in any currency. The system will automatically convert your funds into EUR according to your local bank exchange rate.

In the nearest future, we’ll make it possible to deposit and withdraw all the fiat currencies with the use of cards.

What are the platform fees?

yETH charges no fees from lenders and users of Interest Account.

Deposits and lending are free, withdrawals are 5%. More information is available on the Fees page.

How do I use AdvCash payment method on yETH?

To deposit your fiat on the yETH platform, you can register a wallet on AdvCash and use it as an intermediary for your transfer.

To deposit your fiat on the yETH platform, you can register a wallet on AdvCash and replenish your account using the currency that works best for you and exchange it if necessary. Choose from BTC,ETH,yETH,...

Deposit methods are pretty diverse. You are free to use bank cards, wire transfer, local bank transfers, internet banking and e-currencies. Click on the screenshot to see the complete list of deposit methods.

When everything is ready, you can deposit your money to the yETH platform with 1–2 clicks. The deposit transaction will be processed instantly.

Please note that AdvCash is unavailable for USA citizens.

How to choose the optimal payment method? 

Depositing assets is simple with yETH because you have many depositing options: Visa/MasterCard, SEPA, TransferWise, AdvCash, etc.

To start either lending or borrowing, you need to deposit assets on yETH first. Depositing assets is simple with yETH because you have many depositing options. But how do you know when and which depositing method to use?

Here, we present an ultimate guide to depositing on yETH.

With the help of this guide, yETH aims to answer the questions you may have about depositing on the platform. Continue reading for more information on yETH deposits.

In this guide, we shed light on the following topics:

  • How to deal with deposits on the platform;
  • What the difference between crypto, stablecoins, and fiat is when it comes to deposits;
  • How to choose a payment option;
  • What steps need to be taken in each deposit case;
  • The amount of time and money each payment method requires.

How to Make a Deposit on yETH

Step-by-step, we’ll review all* depositing methods available for each available currency on the yETH platform.

*While this guide will be covering a majority of depositing methods, it is not feasible to discuss all of the available methods. For example, you can buy coins using the yETH Crypto Exchange, and doing so allows you to avoid depositing a new currency. However, we will not be covering this method in our depositing guide.

Figure 1: A simplified version of yETH depositing options.

Crypto or Stablecoins

If you need to deposit crypto or stablecoins, then all you need to do is transfer coins from your personal wallet to the yETH address.

To find the address, go to the My Wallet tab, choose the desired currency, and press the Deposit button.

How much does a crypto or stablecoin transaction cost?

yETH charges no fees for depositing coins to the platform. However, there are some blockchain fees collected in order to process the transaction on the network. Here, you can find the average transaction fee for the top cryptocurrencies.

As most stablecoins are ERC-20 tokens, their fees are included in the Ethereum network fees system.

How long does a crypto or stablecoin transfer take? 

Different coins vary in terms of transaction speed because the transfer has to process. On a busy day, this process can take multiple hours for some cryptocurrencies.

Fiat Money

When depositing fiat, you need to decide which fiat currency you’d like to use on the platform first. Currently, euro-transfer is the most convenient depositing method.

However, you can also transfer BTC, ETH, and yETH, as well. You can even use your local currency, and your bank will automatically convert your money into the desired fiat currency.

In the next section of this guide, we will review each of the available payment methods on yETH. We will highlight each method’s main features, pros, and cons.

Visa/MasterCard

  • Available for: EUR deposits
  • Best for: Small transfers
  • Limits: No territorial limits
  • Cost: 2 EUR + 4.2% (based on the amount transferred)
  • Speed: Instant

Visa/MasterCard is a highly-recommended, fast, and widely-accepted method. However, this method is not the cheapest one available.

Please be aware that we currently support only Visa and MasterCard bank cards. Also, your card should have “3D Secure” technology support (Verified by Visa or MasterCard SecureCode). If your card is in another currency (not EUR), your bank will automatically convert your payment during the transaction process.

To use Visa/MasterCard on the yETH platform, we need to verify your card. When starting the verification process, you should have a balance of at least 2 EUR (or the equivalent), as we charge a temporary verification transaction fee. After your payment method has been verified, deposits can be made within a few clicks.

How much does a Visa/MasterCard transaction cost?

The easiest way to determine the transaction fees when using a Visa/MasterCard is to check after adding your card. Once your card has been added on yETH, visit My Wallet → Deposit. Then, select the Visa/MasterCard payment method.

Now, choose your verified card and enter the amount you’d like to deposit. Here, you can access your gateway/transaction fee. For example, please see “Figure 2” below.

Figure 2: Example of a Visa/MasterCard deposit’s gateway fee.

TransferWise

Update 07.31.2019: Since TransferWise suspended its support to crypto-related companies, we recommend using similar services, such as Xendpay and WorldRemit.

TransferWise is an online service that allows you to send money internationally. It’s a highly-recommended payment method, and it is the cheapest method available on the CoinLoan platform.

Also, TransferWise is accepted worldwide. Read the full list of supported countries here.

TransferWise has developed an algorithm to match one sum with another. By doing so, TransferWise can take that sum out of a national account and send it to the receiving party. This approach avoids international transfers altogether, meaning your money never actually crosses borders.

With TransferWise, you can make international transfers or create a borderless, multi-currency bank account. It’s like you have local accounts all over the world, making international transactions with non-international fees possible.

How do you use TransferWise as a payment method?

Click here to read the full guide on how to use TransferWise to deposit your funds.

How much does a TransferWise transaction cost?

Visit TransferWise’s price checker to figure out what your transaction fees will be. For instance, according to this price checker, when you send 1,000 EUR, you’ll pay a fee of 4.12 EUR.

Further, you can send money in other currencies, and TransferWise will convert that currency into euros automatically.

How long does a TransferWise transfer take?
Sending your money can take a maximum of two business days, but transfers rarely take this long. You can get an estimate of how long your transfer will take by entering the requested information into TransferWise’s transfer calculator.

SEPA

  • Available for: EUR deposits
  • Best for: Small and large transfers
  • Limits: For Eurozone only
  • Cost: As a local transfer
  • Speed: 1 business day

SEPA is a cheap and fast, internationally-recognized payment method. However, SEPA payments are only available for euros and European countries. Here is the full list of countries that can use SEPA.

How do you use SEPA as a payment method?

Select the Deposit button in the My Wallet tab and сhoose SEPA as your payment method. After doing so, you will receive bank details with a unique reference number. Use this information to send a transfer and deposit funds in your CoinLoan wallet.

Please include the full reference number in the transfer details. Otherwise, CoinLoan will not be able to find or process your transfer.

Please note that the minimum amount you can deposit using SEPA is 90 EUR.

How much does a SEPA transfer cost?

Per EU regulations, transfers between bank accounts in two different SEPA countries shouldn’t cost any more than a regular, local transfer.

Also, almost all neo-banks support SEPA transfers, meaning you can use Revolut, Monese, Monzo, N26, Bunq, Holvi, and many other services to deposit EUR using SEPA.

SWIFT (Wire Transfer)

  • Available for: EUR deposits
  • Best for: Large transfers
  • Limits: No territorial limits
  • Cost: ~30–50 EUR
  • Speed: 1–3 business days

SWIFT is a secure messaging system that banks use to send each other information quickly, including instructions for international wire transfers. However, SWIFT doesn’t always mean a direct transaction; sometimes, the instructions have to go through a few intermediary banks along the way.

On the plus side, it allows you to transfer any currency to anywhere in the world. Unfortunately, it’s a costly, time-consuming transfer method.

How do you use SWIFT as a payment method?

Click on the Deposit button in the My Wallet tab and сhoose SWIFT as your payment method. After doing so, you will receive bank details with a unique reference number. Use this information to send a transfer and deposit funds in your CoinLoan wallet.

Please include the full reference number in the transfer details. Otherwise, CoinLoan will not be able to find or process your transfer.

Please note that the minimum amount you can deposit using SWIFT is 1000 EUR.

How much does a SWIFT transfer cost?

Transfer costs can vary widely from bank to bank when using SWIFT. When taking different fees and exchange rates into account, SWIFT transfers fees typically range from 30 EUR to 50 EUR.

AdvCash

  • Available for: EUR, USD, GBP, and RUB deposits
  • Best for: Deposits in different currencies
  • Limits: Unavailable for US citizens
  • Cost: Check here
  • Speed: 1–3 business days

The advantage of using the AdvCash payment method is that it’s cheap and available for all fiat currencies on the CoinLoan platform. Since SWIFT deposits for USD are temporarily disabled, you can use AdvCash only to transfer USD or GBP to the CoinLoan platform.

So, if you’re going to deposit other currencies outside of euros, it may be useful to create an AdvCash account.

Please note that AdvCash is unavailable for US citizens.

How do you use AdvCash as a payment method?

Click here to read the full guide on how to use AdvCash to deposit your funds. Please be aware that the minimum amount you can deposit using AdvCash is 50 EUR/USD/GBP or 5000 RUB.

How much does an AdvCash transfer cost?

Visit AdvCash Fees page to figure out what your transaction fees will be.


Alfa-Bank

  • Available for: RUB deposits
  • Best for: Transfers from Russia
  • Limits: For Russia only
  • Cost: As a local transfer
  • Speed: Instant

Using Alfa-Bank allows Russian citizens to make cheap and quick domestic transactions in rubles.

How do you use Alfa-Bank as a payment method?

Click on the Deposit button in the My Wallet tab and сhoose Alfa-Bank as your payment method. After doing so, you will receive bank details with a unique reference number. Use this information to send a transfer and deposit funds in your CoinLoan wallet.

Please include the full reference number in the transfer details. Otherwise, CoinLoan will not be able to find or process your transfer.

Please note that the minimum amount you can deposit using Alfa-Bank is 5000 RUB.

How much does an Alfa-Bank transfer cost?

You’ll need to pay the fee/rate that your bank charges for a domestic transaction.