BTSE Earn products offer users different ways to earn steady passive income. Here’s a step-by-step guide to walk you through the four different products and help you choose which best meets your needs.
To start earning, go to BTSE’s home page and click on the “Earn” tab on the top left corner.
On this page, you can see all the Earn products that BTSE offers: Staking, Flexible, Fixed, Lending.
With more than 30 different tokens available at the moment, BTSE Staking is designed to spare you all the operational hassles and allow for convenient access to pre-vetted quality projects.
To begin, simply choose the token you wish to stake and select the desired duration. Usually, the Annual Percentage Yield (APY) will be higher if you choose to stake it for a longer period.
After clicking “Stake”, enter the amount you wish to stake. An instant conversion is also available if you do not already have the coin.
Simply enter the amount of the token you want to convert and click “Convert Now” to complete the conversion.
The Staking dashboard offers an overview of the estimated interest earned, as well as the timeline of your staking period. Funds will be transferred from your Spot wallet (My Wallet) to your Earn wallet and start earning interest for you after clicking “Start Staking”.
- When redeeming, funds will be locked up for 24 hours before you can use them in your spot wallet.
- Interest payout will not be received in the case of early redemption.
Flexible savings allows users to deposit and redeem their assets at any time. The interest payout is compounded, with a variable rate due to a floating APY. This feature is best for users who would like to have more flexibility on their assets.
The Flexible savings dashboard tells youthe estimated interest you can earn per day, and when you will receive your first interest payout. After clicking “Start Earning”, your funds will be transferred from your Spot wallet (My Wallet) to your Earn wallet.
With this product, you can redeem your principal and interest at any given time. There are several different tokens available on BTSE’s Flexible savings – check it out now!
Fixed savings follows a fixed Annual Percentage Rate (APR) that is locked when depositing your assets. This feature is better suited for users looking for an even more steady return on their investment as the APR is fixed.
To subscribe, first select the token, the amount you are investing in, and your desired investment duration. Click “Start Earning” to subscribe to BTSE’s fixed savings products.
The interest payout for fixed-term deposits will be received in full on the last day of the earning period. However, if you wish to redeem prior to the end date, the interest payout will not be received.
Lending is another fixed-term deposit product that allows you to lend your assets to BTSE’s capital pool. A guaranteed interest payout will be earned every 24 hours on the asset of your choice. If you redeem earlier than the interest payout time, the interest payout of the day will not be received.
Lending is subject to a fixed APR, similar to Fixed savings. As interest is collected every day, Lending provides stability and more flexibility than Fixed savings. Subscribe to a Lending product of your choice by clicking “Lend Now”.
Redeem Your Principal and Interest
If you plan to transfer the assets and interest to another wallet for further trading, you can follow the steps below:
- Wallet > Earn > Select your Earn product > Redeem
- Enter the redemption amount > Click “Redeem”
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at firstname.lastname@example.org or on Twitter @BTSEcom.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.