Questions and answers

Peeragon mints Peercoin for you. You deposit PPC, and our node keeps it minting around the clock, so you earn minting rewards without running a node or a server.

Peeragon does. Peercoin can only mint with a private key held by the minting node, so any service that mints for you holds your keys. We never give out keys or recovery phrases: your coins move only through withdrawals you confirm.

Every Peeragon address is public. Our proof of reserves shows what we hold against what we owe, and anyone with a Peercoin node can check it.

Each deposit is its own coin with its own clock. Peercoin lets a coin mint once it is 30 days old, and its minting strength grows until day 90. These are rules of the Peercoin network; nobody can skip them.

Moving a coin restarts its clock, so we never move your coins unless you withdraw, with one exception: splitting a deposit the day it arrives (below).

When a deposit confirms, we split it into pieces of the size Peercoin's own minting software aims for at today's difficulty (about 50 PPC), all at your deposit address. Each piece mints on its own: more pieces mint more blocks, every block earns Peercoin's fixed bonus, and after a mint only that piece waits 30 days again.

It happens on day one, while the coins are new, so no minting age is lost. The network fee comes out of the deposit: about 0.007 PPC for every 1,000 PPC. Deposits of under about 65 PPC stay whole.

Peercoin pays about 3% a year on coins that mint, plus a fixed bonus for every block minted, before Peeragon's fee. Your wallet shows an estimate for your balance. Minting is random, so real payouts vary from month to month; we can't promise any amount.

Balances under 500 PPC mint together in the Community Pool. Small balances mint rarely on their own, so the pool shares every reward among members by minting strength: how much each member holds and how long it has aged. That turns a rare, lumpy reward into regular small ones.

At 500 PPC or more you mint Solo: every block your coins mint is yours, less Peeragon's fee. Switching between the two happens automatically and never moves your coins.

Nothing up front: signing up, depositing and holding are free. Peeragon keeps a part of what your coins mint: 5% of Community Pool rewards, and 2.5% of solo rewards (1% if you hold more than 5,000 PPC when the block is minted).

The fee comes off each reward when it unlocks, about 3.5 days after the block, so what reaches your wallet is already net of it. Sending coins on the Peercoin network costs a small network fee (usually well under 0.01 PPC), which comes out of withdrawals and claims.

Community Pool rewards collect in your wallet. “Bank it” sends them to your own deposit address, where they start minting for you as a new coin (with its own 30-day clock). You can bank once you have at least 0.1 PPC of rewards.

Withdrawals need two-factor authentication. You save the addresses you withdraw to; a new one can be used 24 hours after you add it, and we email you whenever one is added. Each withdrawal needs a code from your authenticator app and a click on the link we email you.

Most withdrawals go out within minutes. If one takes you past 1,000 PPC in a day, our team checks it first. Coins that have just minted are locked by the network for about 500 blocks (roughly 3.5 days) before they can move. One withdrawal can spend up to 600 of your coin pieces (about 28,000 PPC at today's piece size); for more, make two withdrawals.

Two-factor authentication guards every withdrawal, and each one is confirmed by email. After a password or two-factor change, withdrawals pause for 24 hours and we email you, so someone who takes over an account can't empty it quickly.

Our wallet is encrypted and stays unlocked only for minting; it is fully unlocked for a few seconds while a payout is signed. We watch every transaction that leaves our addresses and check our records against the blockchain every day.

Peeragon is custodial: if Peeragon were hacked, made a mistake or shut down, your coins could be at risk. We work hard to prevent that, but please only deposit what you can afford to have at risk, and never more than you need to.

Yes. With 500 PPC or more, running your own Peercoin wallet is a great option and keeps the keys with you. You can withdraw everything at any time.