Maximize Your 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.

What is Bitget Savings?

Bitget Savings is a risk-free investment product available on Bitget that offers a range of flexible and fixed terms with competitive and guaranteed Annual Percentage Rates (APRs). We support popular cryptocurrencies such as USDT, BTC, ETH, ARB, XRP, TRX, MATIC, and many others. Bitget Savings includes two main products - Bitget Flexible Savings and Bitget Fixed Savings, each designed to cater to your unique investment needs.

 

For more information about Bitget Fixed Savings, refer to the Introduction to Bitget Fixed Savings.

Introduction to Bitget Flexible Savings

Bitget Flexible Savings is a financial product offered by Bitget that allows users to earn daily interest on their assets while maintaining the flexibility to redeem their funds at any time. The user-friendliness of Bitget Flexible Savings enables investors to easily manage their assets, view interest rates, and track investment performance. 

 

Once you sign up for a Flexible Savings product, the necessary funds will be automatically deducted from your spot account. Within a timeframe of two days, you'll receive your daily interest payments in your spot account. It's worth noting that the daily interest rate you receive will depend on the specific type and number of cryptocurrencies that you have chosen to invest in.

 

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How does Bitget Flexible Savings work?

A quick glance at how the estimated daily interest is calculated: 

 

Daily Interest = Subscription Amount x Estimated APR / 365

 

When you subscribe to an asset, the interest you earn starts being calculated from 4:00 PM UTC on the same day you subscribed (called the "value date"). If you subscribe after 4:00 PM UTC, the interest calculation will start the next day. 

 

The interest you earn will be issued to your Spot account every day, at 12:00 AM UTC on the day after the value date.

 

Example: 

- On April 11, 2023, at 2:00 AM UTC, you made a decision to invest 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.

 

 

The APR in Flexible Savings is subject to variations depending on market conditions, which means that it can change at any given time.

 

Subscribe to Flexible Savings today!

A Hands-on tutorial

For web users

Step 1: Visit Bitget website and create a new account or log in to your existing one.

 

Then, click on ‘Savings’ under ‘Overview’ from our homepage.

 

Or you can simply click here to enter Bitget’s Savings page.

Step 2: Select your preferred asset with the flexible savings option and click on ‘Total earnings’ to see more information.

Step 3: Choose your saving plan and click on ‘Total earnings’.

 

Step 4: You will be directed to the confirmation page where you'll find additional details regarding your subscription.

 

Once you’re ready, confirm the user agreement and click on ‘Subscribe’ to proceed.

 

If you don’t have sufficient funds for the purchase, click “Buy” to purchase assets on the Bitget Spot market, or “Deposit” to transfer more assets into your Spot account.

 

See more guidelines on how to deposit on Bitget:

How to Buy Crypto With Fiat Currencies on Bitget

Buy crypto with debit/ credit cards

On-chain deposit tutorial (WEB | APP)

 

Step 5: To view and manage your Savings orders, simply navigate to the top navigation bar and click on ‘Earn Orders’ under the Orders icon.

 

Or you can simply click here to enter the Earn Orders page.

 

For APP users

Ensure you have downloaded the Bitget App on your Android or iOS device and registered your Bitget account.

 

Step 1: Log into your Bitget account and click 'Earn' on the app's homepage.

 

Step 2: Click on 'Savings' and scroll down to find your preferred asset. 

 

Step 3: Choose your saving plan and click on ‘Total earnings’.

 

Step 4: On the confirmation page, you'll find additional details regarding your subscription.

 

Once you’re ready, confirm the user agreement and click on ‘Subscribe’ to proceed.

 

 

Step 5: To view and manage your Savings orders, on the Savings page, click on ‘My earnings’.

 

How to redeem my funds on Bitget Flexible Savings?

If you're looking to withdraw funds from your Bitget Flexible Savings account, the process is simple. 

For web users

Step 1: Visit the Earn Orders page, select the subscription that you wish to return to your Spot account, and click on ‘Redeem’. 

 

Step 2: A pop-up confirmation page will appear, where you need to enter the amount you wish to redeem. Once you have entered the amount, confirm the user agreement and click on ‘Confirm’ to process. Your funds will be returned to your Spot account in a short while after this.

 

 

For APP users

Step 1: Visit the Savings page, click on ‘My earnings’ and select the subscription that you wish to return to your Spot account, and click on ‘Redeem’.

 

 

Step 2: Enter the amount you wish to redeem. Once you have entered the amount, confirm the user agreement and click on ‘Confirm’ to process. Your funds will be returned to your Spot account in a short while after this.

Get ready? Simply create your Bitget account, and discover the endless possibilities of Flexible Savings now!

 

Disclaimer: Cryptocurrencies are subject to high market risk and volatility, despite high growth potential. Users are strongly advised to do their own research and invest at their own risk.