Bitcoin Jar

What is the Bitcoin Jar?
The Bitcoin Jar is a new feature within the Mode app that allows you to generate interest on your Bitcoin holdings, turning your dormant assets into interes...
Mon, 16 Mar, 2020 at 10:33 AM
What is APY?
APY or Annual Percentage Yield reflects the interest rate and the effect of the frequency of interest compounding.   The Bitcoin Jar’s APY is variable - m...
Mon, 16 Mar, 2020 at 10:33 AM
How much interest can I earn using the Bitcoin Jar?
How much your Bitcoin grows depends on the APY. The Jar’s APY can vary depending on market conditions but will always be displayed in the app.    Let'...
Mon, 6 Apr, 2020 at 12:21 PM
How does Mode generate interest on Bitcoin?
We work with institutional lenders that pay us interest on the assets under management. We then pass the interest generated onto our customers.
Mon, 16 Mar, 2020 at 10:34 AM
How can I open a Bitcoin Jar?
The Bitcoin Jar is available to users who are Level 2 verified. You can check your own Account Level in Settings within the app.   The minimum deposit to ...
Mon, 16 Mar, 2020 at 10:34 AM
Can I withdraw from my Bitcoin Jar?
Yes. You can withdraw Bitcoin from your Bitcoin Jar into your main Bitcoin Account at any time.   If you request a withdrawal before 10:00 PM UTC, your wi...
Mon, 30 Mar, 2020 at 7:12 PM
Does the Bitcoin Jar carry any risk for my Bitcoin?
The Bitcoin Jar carries some degree of risk as your Bitcoin will be utilised by our partner providers to generate a return. However, we only work with partn...
Tue, 31 Mar, 2020 at 11:14 AM
Could the Bitcoin Jar APY change?
Yes. The APY can vary depending on market conditions. To view the latest APY check the app.   To be notified of any APY changes, make sure you have push n...
Mon, 6 Apr, 2020 at 12:20 PM