What is the lock-in period?
- During the lock-in period, it is recommended to refrain from withdrawing crypto in order to receive rewards.
- Your locked amount will be automatically unlocked and withdrawn to your CoinSwitch wallet, after the lock-in period.
- It can take a few days for the funds (including the rewards) to be made available in your wallet for trading, depending on the coin that has been locked.
Is there a minimum or maximum amount that I can lock on CoinSwitch?
Yes, you will be able to see the maximum and minimum lock-in limits for each coin while placing your order.
When the lock-in period is up, will my coins be re-locked automatically?
No, you will need to re-lock your coins after the lock-in duration is over.
What is the unlock duration?
- It is the time period for your locked tokens to be made available for trading.
- The unlock duration spans from 3 to 21 days, depending on the coin.
What happens if the price of the currency drops while my money is locked?
- You can withdraw your crypto before the lock-in duration.
- It can take a few days for your locked amount to be made available for trading.
- Your holdings can still be subject to price and market movements during this period.
- We recommended to not lock your entire holdings of any particular crypto.
Is my money safe while it is locked on CoinSwitch?
- Yes, your money will be 100% secured when you lock your holdings on CoinSwitch.
- The money is never moved out of your wallet.
- This is a promotional offer for anyone willing to lock-in their crypto for a certain duration without selling for that period.