CoinEx | How I Expanded My Savings as a Newbie to Crypto Finance

4 min readJan 21, 2022


There are always folks who spend all of their income yet making few savings. Unfamiliar with money management, they often sigh at their depleted deposits by the end of each year. Over the recent period, the COVID-19 pandemic has made it clear that relying on a single source of income exposes us to great risks. Therefore, it is important to create another source of income through investments. As Robert Kiyosaki put it, “The best thing about money is that it works 24 hours a day and can work for generations.”

New to money management, I recently looked into bank deposits, which is, after all, the easiest way to manage one’s finances. However, I noticed that the field of investment and finance has been suffering from one salient problem in recent years: returns are increasingly lower, and so are short-term financial products. Since the COVID-19 outbreak, central banks in Japan, Europe, and America have announced that they will continue to maintain negative interest rates (BoJ and ECB) and zero interest rates (FED).

In 2021, the Ministry of Finance of India slashed the interest rates of demand deposits and many savings products. In Germany, 277 banks and savings institutions offer negative interest rates. The extremely low, if not negative, interest rates worldwide may become the norm in the financial industry over the long run.


Additionally, stock investments are obviously not suitable for newbies like my because they are simply too risky. That said, the legacy financial system no longer works for me since I’m aiming for a steady stream of high returns without losing my principal.

In 2021, NFT and the metaverse expanded their influence beyond the crypto community and introduced me to an all-new field of finance — the crypto market. Under the recommendation of my friends, I found many financial tools designed for beginners and promise returns that are way higher than conventional products. Today, I will introduce two crypto financial products that I’m using.

1. CoinEx Financial Account


CoinEx Financial Account offers interests for deposit holders, which is similar to conventional bank deposits. However, unlike bank deposits, this product sets no minimum deposit limit, and nor is there a fixed term, just like demand deposits. Once your deposits are transferred to the Financial Account, the accruement of interest will begin on the second day, and you’ll receive the daily yield starting from the third day. Such interests, calculated at a compound rate, will be automatically transferred to the Financial Account. The operations are very simple. In order to earn interest, you only need to purchase and deposit the target cryptos.

Plus, the product offers handsome returns. The 7-day APY of USDT deposits in the Financial Account reached 6.47% in the past 30 days, which is higher than 80% of central banks in terms of the interest rate. In addition, USDT, a stablecoin pegged to the dollar, comes with a fairly steady value, which allows us to earn interests without losing our principal via the Financial Account.

On January 16, 2022, the 7-day APY of BNB deposits in this product during the past 30 days reached 44.67%, which not only beat the highest interest rate offered by central banks but even surpassed the returns of most stocks.

Moreover, the CoinEx Financial Account also supports a wide range of cryptos, covering BTC, BCH, ETH, etc.

2. AMM


CoinEx’s AMM feature allows retail users to become market makers by providing liquidity for the liquidity pool while sharing the service fees earned by the platform.

AMM is very friendly to beginners. After selecting a trading pair with high returns on the AMM page, you’ll need to provide cryptos for CoinEx’s liquidity pool, which will then execute automatic market making. The interests are calculated daily and will be allocated to your AMM account before 12:00 (UTC+8) the next day. Apart from daily returns, CoinEx’s AMM also features free deposit/withdrawal, without any additional charges. This type of AMM product is unique to decentralized finance and cannot be found in the legacy financial system. This also emphasizes the advantage of crypto finance products brought by diversification.

The picture below shows the 7-day APY of some AMM trading pairs. For this product, you need to be careful with impermanent losses that may arise from the fluctuating crypto prices.

The secret to financial freedom lies in compound interest, which is the eighth wonder of the world, according to Einstein. From the products above, we can tell that passive income in crypto finance has tremendous potential that could help us harness the power of compound interest and double our passive income. Start managing your money from a simple crypto investment and generate more wealth.



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