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, during the April 2019, the minimum amount of Dukascoins to be deposited and kept in order to participate in the EUR Reward program is 2000 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.

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, during the June 2019, the minimum amount of Dukascoins to be deposited and kept in order to participate in the EUR Reward program is 4000 Dukascoins. The maximum deposit size is set to 100 000 Dukascoins.

For the first months after the program launch The Bank offers following exceptional minimum deposit conditions for the EUR Reward program:

Minimum deposit amount Offer valid during
1 000 DUK+ March 2019
2 000 DUK+ April 2019
3 000 DUK+ May 2019
4 000 DUK+ June 2019
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
50 000 DUK+ and higher Starting from 1.01.2020

Expected annual return of participation in the EUR reward program

Month Average DUK+/EUR rate *Expected annu­al re­turn (%)
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 icon, call the chat-bot, choose "Open e-bank" option then enter your e-bank, go to "Dukascoins", choose "History" and locate the line with the deposit amount. You need the 8-symbol combination in the "Reference" column.

Depo­sit code Regi­stra­tion date Expi­ra­tion date
Btw4­DvfH March 12, 2019 March 12, 2020
vyqd­PKRB March 12, 2019 March 12, 2020
LW36­je3q March 19, 2019 March 19, 2020
eQtK­HaAH March 20, 2019 March 20, 2020
pWDM­ibgN March 20, 2019 March 20, 2020
daho­tZ9U March 20, 2019 March 20, 2020
ZEBQ­hlVf March 21, 2019 March 21, 2020
ZI2R­PsCN March 22, 2019 March 22, 2020
W3IL­­ZZmq March 28, 2019 March 28, 2020
Q2Xd­­JkcH March 29, 2019 March 29, 2020
RUqR­­BLti March 29, 2019 March 29, 2020
eng9­EtCN April 1, 2019 April 1, 2020
74IZ­Lr6R April 1, 2019 April 1, 2020
ByfU­v7GC April 5, 2019 April 5, 2020
OgBe­ftSq April 11, 2019 April 11, 2020
ueEO­OtDY April 12, 2019 April 12, 2020
dBfv­321r April 17, 2019 April 17, 2020
axtc­eohv April 30, 2019 April 30, 2020
6H7J­Z9nH May 1, 2019 May 1, 2020
GgRz­1x8l May 15, 2019 May 15, 2020
bqeu­OQ8o May 15, 2019 May 15, 2020
hOqy­Z6CF May 20, 2019 May 20, 2020
ntLs­PLao May 22, 2019 May 22, 2020
6ojR­5lwW May 22, 2019 May 22, 2020
5beK­b45Q June 4, 2019 June 4, 2020
MtXn­O4NL July 19, 2019 July 19, 2020
JLvU­E7GQ July 30, 2019 July 30, 2020
2ezi­al3p July 31, 2019 July 31, 2020
8Gy2­HPmX July 31, 2019 July 31, 2020
ipII­4blN July 31, 2019 July 31, 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 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 1500 EUR and consider “moderate” return of Dukascoin Coin Reward Deposit for an amount of 2000 DUK+. In this case you can accumulate on your MCA account 1500 EUR and buy 2000 DUK+ on internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 50% (1000 DUK+). Thus, at the expiration of the deposit you will have 3000 DUK+. In case if the exchange rate of Dukascoin stays at the same level of 0.75 EUR per 1 Dukascoin you will be able to sell 3000 DUK+ at 0.75 and get back 2 250 EUR. As a result the yearly rate of return will be: 2250/1500 * 100 - 100 = 50%.

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

Let's assume that you have 5000 EUR and consider applying for the Dukascoin Coin Reward Deposit with the aim collect an impressive return of 5000 DUK+. In this case you will need to invest 3 750 EUR and buy 5000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (4000 DUK+). Thus, at the expiration of the deposit you will have 9000 DUK+. In case if the exchange rate of Dukascoin reaches 1 EUR per 1 Dukascoin you will be able to get back already 9 000 EUR by selling your coins. As a result the yearly rate of return will be: 9000/3750 * 100 - 100 = 140%.

USE CASE 3. 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 still have 5000 EUR and consider applying for the Dukascoin Coin Reward Deposit with the aim collect a return of 5000 DUK+. You will need to invest 3 750 EUR and buy 5000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (4000 DUK+). Thus, at the expiration of the deposit you will have 9000 DUK+. In case if the exchange rate of Dukascoin reaches 2 EUR per 1 Dukascoin and you decide to sell your 9000 DUK+ at 2 EUR per Dukascoin you will earn a substantial amount of 18 000 EUR. As a result the yearly rate of return will be: 18 000/3 750 * 100 - 100 = 380%.

USE CASE 4. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins is 5 EUR per 1 Dukascoin at the expiration of the deposit term.

Let's consider a case where you have 10 000 EUR and consider allocating those for a Coin Reward Deposit of 10 000 Dukascoins. In this case you will need to invest 7 500 EUR and buy 10 000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. This amount of investment yields an impressive 100% return (10 000 DUK+) according to the current reward rate schedule. In such a way your investment at the expiration of the deposit term will be worth 20 000 DUK+. Selling those at the new exchange rate of 5 EUR per Dukascoin you will bring you 100 000 EUR. As a result the yearly rate of return will be: 100 000/7 500 * 100 - 100 = 1233% !!!

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.

Find below the performance of this option using the same amounts of planned investment from previous use cases.

USE CASE 5. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins remains unchanged during the term of deposit.

You decided to buy 2000 DUK+ and allocate this amount to a EUR Reward deposit. You will need 1500 EUR available on your MCA account to buy 2000 DUK+ on the internal marketplace at the rate of 0.75 EUR per 1 Dukascoin. The yearly income gained on a 2000 DUK+ deposit will be 1000 EUR. Thus, at the deposit expiration date you will your 2000 DUK+ returned back and a reward of 1000 EUR on top. If you decide to immediately sell the 2000 DUK+ coins and the exchange rate is the same as at the moment of purchase (i.e. 0.75 EUR per DUK+ you will get a total of 2500 EUR on your MCA account. The yearly rate of return will be 2500/1500 * 100 - 100 = 67%.

USE CASE 6. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 1 EUR per Dukascoin at the expiration of the deposit term.

Let's assume that you decided to invest 5000 DUK+ in the EUR Reward program. You will need 3750 EUR to be exchanged to Dukascoins at the current rate of 0.75 EUR per 1 Dukascoin. Thus, at the investment expiration date you will get back the 5000 DUK+ and a reward of 2500 EUR. In case you decide to sell 5000 DUK+ at the new exchange rate of 1 EUR per DUK+ your total assets will become 7500 EUR and the yearly rate of return will be 7500/3750 * 100 - 100 = 100%.

USE CASE 7. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins is 2 EUR per Dukascoin at the expiration of the deposit term.

Provided that the Dukascoin price rises to 2 EUR and all the other conditions remain identical to Use Case 6, the total yearly rate of return for 5000 DUK+ initially bought at 0.75 EUR per 1 DUK+ will be 12500 / 3750 * 100 - 100 = 233%.

USE CASE 8. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins becomes 5 EUR per Dukascoin at the expiration of the deposit term.

Let's consider a situation where you have 10 000 EUR and consider to allocate 10 000 Dukascoins for a EUR Reward deposit program. You will need to invest an amount of 7 500 EUR and buy 10 000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. The yearly income for this investment will be 5000 EUR. At the expiration date your assets consist in 10 000 of initial DUK+ coins and the reward of 5000 EUR. Selling these 10 000 DUK+ at 5 EUR per 1 Dukascoin will bring you 50 000 EUR. As a result, the yearly rate of return on the investment will be55 000 / 7 500 * 100 - 100 = 633% !!!

COMPARATIVE TABLE OF INCOME GENERATED BY REWARD PROGRAMS

Amount of DUK+ invested for 1 year EUR equivalent of the investment (exchange rate applied: 0.75) Exchange rate DUK+/EUR at deposit expiration COIN reward rate of return. nominated in EUR (%) EUR reward rate of return nominated in EUR (%)
2000 1500 0.75 50 67
5000 3750 1 140 100
5000 3750 2 380 233
10000 7500 5 1233 633