ຜະລິດຕະພັນການຝາກເງິນທີ່ຍືດຫຍຸ່ນ ແລະ ຄົງທີ/Flexible and Fixed Deposit Product

Introduction to Earn

bitqik's Earn feature allows you to generate passive income by locking in your digital assets. Explore a range of fixed and flexible interest-generating products, tailored to your preferences and requirements.

To get started, simply transfer your assets to your Earn Wallet.

Step 1: Access the Earn Function

• Log in to your bitqik account.

• Navigate to the "Earn" section.

Step 2: Choose Your Product

• Browse and select the desired Earn product.

• Click on the "Earn" button to proceed.

Step 3: Deposit and Confirm

• Input the amount you wish to deposit.

• Check the "I agree to" checkbox to accept the terms.

• Click the "Start Earning" button.

(Note: For fixed deposit products, select the duration that you prefer)

Frequently Asked Questions (FAQs)
When will interest be awarded for bitqik’s Earn products? 

Interest will be credited to your Earn wallet.

• Flexible Deposits: Interest is calculated daily at 14:00. No interest will be earned for deposits less than 24 hours.

• Fixed Deposits: Interest is calculated on the maturity date; no interest accrues before maturity.

Note: Interest calculations are rounded to 8 decimal places.

How do I redeem my Earn products?
After receiving interest, follow these steps: 

• Go to the "Wallet" section.

• Click on "Earn" and locate the Earn product that you wish to redeem.

• Enter the redemption amount and click the “Redeem” button.

Can I redeem my fixed deposit products prior to their expiry date? 

Yes, early redemption of fixed deposit principal to another wallet can be done similarly to regular redemption. There is no penalty for early redemption, but no interest will be earned.

Interest Calculation Methods

• Simple Interest: Multiply the interest rate by the principal. (The interest calculation result will be rounded to 8 decimals)
  For example: 
  The interest rate of 7-day fixed deposits is 0.131%. If you deposit 1000 USDT, then the interest calculation will be 1000 * (7 * 0.131% / 365) = 0.02512328 USDT

• Compound Interest: Add previously earned interest to the principal and apply the interest rate.

For example: 
The daily interest rate of flexible deposits is 0.535%. If you deposit 1000 USDT for 7 days, then the interest calculation will be 1000 * (1 + (0.535% / 365))^7 - 1000 = 0.10260725 USDT

Annual Percentage Yield (APY)

APY estimates the yearly return for your chosen deposit plan.

Automatic Renewal

• For Flexible Deposits: No need to enable auto-renewal; interest is calculated daily.

• For Fixed Deposits: Auto-renewal is enabled by default. Disable it during deposit or in the Earn Wallet management panel.

(Note: You can also turn off the auto-renewal option in the Earn Management Panel after the fixed deposit has been made.)

Checking Interest Revenue History

You can review your interest revenue record in the Earn History page.

• Go to "Wallet" > "Earn."

• Click the "History" button in the top right corner to view your interest revenue record.