Dukascash
Dukascoin Dukascash

Information about income generating opportunities with examples and comparisons is available for Dukascopy Bank clients only. Please, sign in as a client to get more information.

The Bank pays a EUR Reward for 1 year term deposits in Dukascoins in the amount of 50 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward program.

The EUR Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration.

For example, as of October 2020, the minimum amount of Dukascoins to be deposited and kept in order to participate in the EUR Reward program is 20,000 Dukascoins. The maximum deposit size is set to 100 000 Dukascoins.

Each deposit is considered as a separate contract. Two deposit amounts can’t be summed up without cancelling each other out. If a client requests to cancel a term deposit in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the allocated amount in Dukascoins and will not be entitled to the EUR Reward for that particular deposit. Additional conditions may be announced at a later date. The Bank may extend or stop its EUR Reward program at any time without affecting previously allocated deposits. The Bank may manage and limit the maximum and minimum size, term and rate of the offered EUR Reward at its own discretion and at any time. To obtain the guarantee that a deposit will be accepted by the Bank, any client may declare their intention in advance, request a letter of confirmation and clarify the terms and conditions with the Bank.

To get more details regarding The EUR Reward program, please sign in as a client.

The Bank pays a EUR Reward for 1 year term deposits in Dukascoins in the amount of 50 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward Deposit program.

Starting from June, 2020 the Bank pays a EUR Reward for 3 month term deposits in Dukascoins in the amount of 10 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward Deposit program.

The EUR Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration.

For example, as of October 2020, the minimum amount of Dukascoins to be deposited and kept in order to participate in the EUR Reward program is 20 000 Dukascoins. The total amount of Dukascoins allocated for this reward program by separate MCA account holder can not exceed 100 000 Dukascoins.

Currently the Bank offers the following exceptional minimum deposit conditions for the EUR Reward program:

Minimum deposit amount Offer valid during
5 000 DUK+ July 2019
6 000 DUK+ August 2019
7 000 DUK+ September 2019
8 000 DUK+ October 2019
9 000 DUK+ November 2019
10 000 DUK+ December 2019
11 000 DUK+ January 2020
12 000 DUK+ February 2020
13 000 DUK+ March 2020
14 000 DUK+ April 2020
15 000 DUK+ May 2020
16 000 DUK+ June 2020
17 000 DUK+ July 2020
18 000 DUK+ August 2020
19 000 DUK+ September 2020
20 000 DUK+ October, November, December 2020

Expected annual return of participation in the EUR reward program with 1 year deposit

Month Average DUK+/EUR rate *Expected annu­al re­turn (%)
September 2020 1.69 29.6
August 2020 1.51 33.11
July 2020 1.51 33.11
June 2020 1.58 31.65
May 2020 1.41 34.48
April 2020 1.51 33.11
March 2020 1.61 31.06
February 2020 1.8 27.28
January 2020 1.71 29.24
December 2019 1.19 42.02
November 2019 1.05 47.62
October 2019 0.82 62
September 2019 0.70 71.44
August 2019 0.85 58.82
July 2019 0.95 52.63
June 2019 0.62 80.65
May 2019 0.70 71.44
April 2019 0.71 70.42
March 2019 0.83 60.24

* Expected annual return is calculated in assumption that average exchange rate of DUK+ will remain the same till the maturity date of the deposit. Dukascopy Bank does not guarantee exchange rate of Dukascoins to EUR, and the price can decrease or increase according to customer demand.

Each deposit is considered as a separate contract. Two deposit amounts can’t be summed up without cancelling each other out. To obtain the guarantee that a deposit will be accepted by the Bank, any client may declare their intention in advance, request a letter of confirmation and clarify the terms and conditions with the Bank.

If a client requests to cancel a term deposit in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the allocated amount in Dukascoins and will not be entitled to the EUR Reward for that particular deposit.

The Bank may manage and limit the maximum and minimum size, term and rate of the offered fiat reward at its own discretion and at any time. The Bank reserves the right to extend or stop its EUR Reward program at any time without affecting previously allocated deposits.

Public EUR Reward deposit registry

Dukascopy Bank offers public registry of EUR Reward deposits to provide clients an opportunity to check if their agreements to park Dukascoins in the Bank’s custody for reward are applied correctly. Those clients who cannot find their transaction codes in the registry below are invited to contact support desk by e-mail crypto@dukascopy.bank

To locate the reference Deposit code, please, open your Dukascopy Connect 911 messenger, press TRANS:dukascoin.bank.icon icon, call the chat-bot (the button with the cross at the left bottom corner of the application screen), choose "Dukascoins" option, then choose "Reward deposits" and locate the bubble with the specific deposit amount. You need the 8-symbol combination in the "ID" row.

Depo­sit codeRegi­stra­tion dateExpi­ra­tion date
V1wGJkAm December 25, 2019 December 25, 2020
wei2Jz8X December 25, 2019 December 25, 2020
pjnzav1u April 01, 2020 April 01, 2021
Pg49ANaJ June 01, 2020 June 01, 2021
ZoHL7Ohw June 01, 2020 June 01, 2021
95TvAAxX July 31, 2020 July 31, 2021
t99tVKur July 31, 2020 July 31, 2021
vkyIYhmF September 01, 2020 December 01, 2020

INCOME GENERATING EXAMPLES FOR COIN AND FIAT REWARD DEPOSITS

Let`s assume that the client is considering different investment options offered by different banks. As a rule, the annual rate of return for such an asset allocation is around 0.2-2 %. Reward programs offered by Dukascopy Bank through Dukascoin as the intermediary vehicle may appear to be a way more attractive option. Use cases described below will help to compare income-generating programs available for Dukascopy Bank clients with other conventional forms of investments.

Please, bear in mind that Dukascopy Bank does not guarantee exchange rate of Dukascoins to EUR, and the price can decrease or increase according to customer demand.

USE CASE 1. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins remains unchanged at the expiration of the deposit term.

Let's assume that you have 1,500 EUR and consider “moderate” return of Dukascoin Coin Reward Deposit for an amount of 1,000 DUK+. In this case you can accumulate on your MCA account 1,500 EUR and buy 1,000 DUK+ on internal marketplace at the current exchange rate of 1.5 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 20% (200 DUK+). Thus, at the expiration of the deposit you will have 1,200 DUK+. In case if the exchange rate of Dukascoin stays at the same level of 1.5 EUR per 1 Dukascoin you will be able to sell 1,200 DUK+ at 1.5 and get back 1,800 EUR. As a result, the yearly rate of return will be: 1800/1500 * 100 - 100 = 20%.

USE CASE 2. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 2 EUR per 1 Dukascoin at the expiration of the deposit term.

Let's assume that you have 15,000 EUR and consider applying for the Dukascoin Coin Reward Deposit with the aim of collecting an impressive return of 8,000 DUK+. In this case you will need to invest 15,000 EUR and buy 10,000 DUK+ on the internal marketplace at the current exchange rate of 1.5 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (8,000 DUK+). Thus, at the expiration of the deposit you will get your 10,000 DUK+ returned back and a reward of 8,000 DUK+ on top. In case if the exchange rate of Dukascoin reaches 2 EUR per 1 Dukascoin you will be able to get back already 36,000 EUR by selling your 18,000 Dukascoins at the rate 2 EUR per 1 DUkascoin. As a result, the yearly rate of return will be: 36,000/15,000 * 100 - 100 = 140%!

Clients looking for a more conservative type of investment combining crypto and fiat income may be interested to consider another reward program offered by Dukascopy Bank – EUR Reward deposit. This program currently offers a reward of 0.5 EUR per every Dukascoin allocated on Dukascopy Bank custody.

USE CASE 3. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 2 EUR per 1 Dukascoin at the expiration of the deposit term.

You decided to buy 20,000 DUK+ and allocate this amount to a EUR Reward deposit. You will need 30,000 EUR available on your MCA account to buy 20,000 DUK+ on the internal marketplace at the rate of 1.5 EUR per 1 Dukascoin. The yearly income gained on a 20,000 DUK+ deposit will be 10,000 EUR. Thus, at the deposit expiration date you will get your 20,000 DUK+ returned back and a reward of 10,000 EUR on top. If you decide to immediately sell the 20,000 DUK+ coins and the exchange rate 2 EUR per 1 Dukascoin at the expiration of the deposit term you will get a total of 50,000 EUR on your MCA account. The yearly rate of return will be 50,000/30,000 * 100 - 100 = 66.6%!

COMPARATIVE TABLE OF INCOME GENERATED BY REWARD PROGRAMS

Amount of DUK+ invested for 1 year EUR equivalent of the investment (exchange rate applied: 1.5) Exchange rate DUK+/EUR at deposit expiration COIN reward rate of return nominated in EUR (%) EUR reward rate of return nominated in EUR (%)
1000 1500 1,5 20 N/A
10000 15000 2 140 N/A
20000 30000 2 N/A 66.6