Bitbase Simple Earn Fixed allows you to earn passive income on your idle crypto assets with higher returns over a set period. Unlike Simple Earn Flexible, which lets you withdraw anytime, Simple Earn Fixed locks your assets for a fixed duration in exchange for better interest rates.
This guide explains how Bitbase Simple Earn Fixed works, its benefits, and how to get started.
What is Bitbase Simple Earn Fixed?
Bitbase Simple Earn Fixed is a fixed-term product that offers users higher yields compared to Simple Earn Flexible products. You can lock your idle crypto assets for a fixed term, such as 30 or 60 days, to earn stable returns.
Key Benefits
- Low risk – Your principal is secure, and yields are paid in the same asset.
- High ROI – Earn higher returns than Simple Earn Flexible.
- Diverse investment solutions – Choose from available terms such as 7, 14, 30, or 60 days, depending on the asset.
Once subscribed, your funds will be locked in the Simple Earn Fixed product, and interest will start accruing on the following day (D+1).
How to Subscribe to Bitbase Simple Earn Fixed?
Step 1: Access Bitbase Simple Earn Fixed
- On the web: Click Earn in the top navigation bar, then select Simple Earn.
- On the app: Tap the user icon in the top-left corner, select Earn from the quick access section, and then tap Simple Earn.
Step 2: Choose Your Simple Earn Fixed Plan
1. Select your preferred asset from the Simple Earn Fixed options.
2. Choose a lock-up period from the available options for that asset (e.g., 7, 14, or 30 days).
3. Click Subscribe.
Step 3: Confirm Your Subscription
1. Enter your investment amount.
2. Review the estimated APR and lock-up details.
3. Agree to the terms and click Confirm.
Step 4: Track & Manage Your Subscription
- View your active subscriptions under Simple Earn Records in the Earn section.
- At maturity, your funds and earned interest will be automatically credited to your Spot account.
How does Bitbase Simple Earn Fixed work?
Interest Calculation & Payouts
Interest is calculated from D+1 (the day after subscription). There are two payout options:
- Daily payouts – Interest is credited to your Spot account every day.
- End-of-term payouts – Interest is credited in full at the end of the lock-up period.
Redemption & Early Withdrawal
- At maturity, your principal and earned interest are automatically returned to your Spot account.
- Some Simple Earn Fixed products allow early redemption, but a penalty fee may apply.
- Subscription terms may vary by asset, so always check the details before subscribing.
Formula for Total Interest Calculation: Total Interest = Subscription Amount × APR × Lock-up Days ÷ 365
Example:
If you subscribe 1,000 USDT to a 30-day Simple Earn Fixed plan with an 8% APR: 1,000 × 8% × 30 ÷ 365 = 6.57 USDT At the end of the term, you will receive 1,006.57 USDT (principal + interest).
FAQs
1. When does interest start accruing for my Simple Earn Fixed subscription?
Interest starts the day after you subscribe (D+1).
2. Can I withdraw my funds before the lock-up period ends?
Some Simple Earn Fixed products allow early redemption, but a penalty may apply.
3. What happens when my Simple Earn Fixed plan matures?
Your principal and interest will be automatically returned to your Spot account.
4. Is my initial deposit safe?
Yes, your principal is guaranteed, and you will receive it back at the end of the term.
Disclaimer
Digital asset prices fluctuate wildly, and investment may result in the total loss of your principal. Past performance is not indicative of future results. This article does not constitute any investment advice. Please exercise caution and consider your own risk tolerance before investing. Bitbase assumes no legal responsibility for any potential trading losses.
Bitbase will continue to optimize its products to provide you with more professional and secure trading services. Thank you for your support and attention to Bitbase!
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