Maximize Crypto Earnings: A Beginner's Guide to Bitget Flexible Savings
If you’re a crypto holder, there are ways to earn interest on your assets with crypto savings programs. Bitget, one of the largest cryptocurrency exchanges in the world, has introduced a user-friendly and flexible savings program that allows you to earn interest every day. We'll explain how Bitget Flexible Savings works and how you can start earning right away in this article.
Introduction to Bitget Flexible Savings
Bitget Flexible Savings stands as a dynamic financial offering from Bitget, letting users accrue daily interest on their holdings. What makes it particularly attractive is the ability to reclaim invested funds anytime, ensuring liquidity. The intuitive design facilitates effortless asset management, real-time interest rate checks, and performance monitoring.
Once you opt for a Flexible Savings package, the relevant amount is seamlessly shifted from your spot account. The ensuing 48 hours will see your spot account getting credited with daily interest.
How does Bitget Flexible Savings work?
Here is a quick glance at how the estimated daily interest is calculated:
Daily Interest = Subscription Amount x Estimated Annual Percentage Rate (APR) / 365
The process starts with interest accrual from 4:00 PM UTC on your subscription day. Subscriptions post 4:00 PM UTC get queued for interest tallying from the following day.
The interest you earn will be issued to your Spot account every day at 12:00 AM UTC on the day after the subscription date.
On April 11, 2023, at 2:00 AM UTC, you invested 100 USDT in Bitget Flexible Savings, which is offering an estimated APR of 8% for USDT.
Starting at 4:00 PM UTC on April 11, 2023, your subscription will begin accruing interest.
The following day, around 12:00 AM UTC on April 12, 2023, you can expect an auto-deposit of 0.02191780 USDT into your Spot account as the interest payment for your investment.
It's crucial to note that the APR in Flexible Savings can fluctuate based on prevailing market conditions.
Your Step-by-Step Guide to Bitget Flexible Savings
Step 1: Begin
Visit the Bitget website and create a new account or log in to your existing one.
Navigate to the ' Savings' tab within the ' Earn' section from the main page. Or you can simply click here to enter Bitget’s Flexible Savings page.
Select your preferred asset with the flexible savings option and click ‘ Subscribe.’
Step 2: Subscription
On the pop-up screen, input your investment amount, approve the terms, and select ' Confirm'.
You can find all your subscription history under the ‘ Savings Records’ section.
Step 3: Manage and More
Navigate to Earn account management. Choose ‘ Subscribe More’ if you wish to add more to your funds or ' Redeem' for immediate withdrawals from your Bitget Flexible Savings.