Do you have USDT (Tether) and are you looking for ways to get more returns from your dollars? Have you considered the USDT Vault from Knaken? This is a smart investment where you can deposit your USDT and earn up to 15% returns per year!

In the USDT Vault, you lend your USDT to central exchanges to provide them with more liquidity. In return for your contribution, you receive interest. The final return is calculated based on the duration of your investment and the size of your deposit in the vault. The longer the term and the greater the amount of USDT we can use, the higher the return - let's see how you can do this.

Step 1: Create Your Knaken Account

Your journey starts with creating a Knaken account. If you already have an account, you're already halfway there. For newcomers, the fastest way to create a Knaken account is by downloading our mobile app on iOS or Android. After downloading the app, you start with our registration flow, which you can complete in about five minutes. At the end of the flow, you have uploaded your identification and address verification. For more information about this process, you can refer to our Verification Blog.

Step 2: Add Your Exchange Wallet

After completing the first step, you can add your exchange wallet to your Knaken account. Select the cryptocurrency for which you want to add a wallet and enter the wallet address. Completing these fields will start a wallet verification.

Upload two screenshots of your wallet here, one showing your wallet address clearly visible and a second showing your wallet history. Our compliance team will then check your wallet verification and approve or reject it based on the photos provided.

If you have coins on different networks on the exchange, you can add multiple addresses. Note that some Stablecoins can be sent via different networks. Double-check whether the network in your wallet verification matches the network you want to send the coins over.

Step 3: Send Your USDT

Once you have added your wallet(s), you will receive the wallet address from Knaken that you can use to send a specific coin to. Please note that when sending your coins, it is important not to transfer everything, but to leave a small portion to cover the gas fees required to send the coins. For most networks, this is a few cents, but for example, the Ethereum network can sometimes cost more than €1 to send coins.

Once you have sent your coins, they will quickly arrive in your Knaken account. If something goes wrong or the coins do not appear on your account within a few hours, please contact us at [email protected]. We will assist you and ensure that the coins safely land in your account.

How Does the USDT Vault Work

The entire process involves three simple steps:

1. Deposit Your USDT into the Vault: You deposit your USDT into the Knaken Vault.
2. Lend to Exchanges: Delta Quant then lends your coins to exchanges to provide them with more liquidity.
3. Earn Rewards: You are rewarded for providing this liquidity. Delta Quant collects your earnings and makes them available again 24 hours before the end of the vault.

With the USDT Vault from Knaken, you can put your USDT to work. Start depositing your USDT today and go for that return!

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