OKEx 101 Season 3

Session 3 - Gain Passive Income on OKEx Earn

We understand how everyone wants some extra income outside of your 9-5 job. Instead of putting them in the bank, earning passive income in crypto is just as simple as just a few clicks.

Ways to generate extra income in blockchain are growing and gaining popularity every day.

Other than the buy-and-HODL mentality, you could actually build a passive income plan and work your way up to bigger savings.

EARN, a new interface for all our financial offers for users to earn passive crypto income!

You might be asking already what are the ways to earn passive income with EARN?

Not to worry! Let me show you how.

Currently, OKEx offers staking and Savings services for users to make use of their spare coins to gain extra.

These value-added services are now placed under EARN, a brand-new service that gather all our financial offers in a single place.

The art of HODLing is already hard to master, why make it difficult to go around the platform to find our services and use them?

All you have to do is go to the Finance tab on the left top on OKEx web page and click on Earn from the drop-down list.

Once you are on the Earn page then proceed to select the token which you are holding.

For example, I have chosen IOST.

Please take not that not all tokens will be available for all 3 options Staking, Savings and Term Deposit.

Some token will only be available for certain options. You can play around the drop-down list and select the token to know if it is available for Staking, Savings or Term Deposit.

Once you have selected the preferred token and you can proceed to insert the amount of token that you are holding.

You can then see what the estimated return per day is.

Then you can proceed to subscribe any of the option which you preferred.

Let me explain each of the options.

First let’s have a look at what is Savings.

Savings is a valued-added service that automatically grow your assets inside your Wallet even without trading or when the market falls short.

It enables users to share OKEx’s income from margin loans by lending the fund you put there to margin traders; then part of the margin interest collected from traders will be allocated as the interest for users’ Savings, accrued every day from the second day of depositing, so you could just sit back and wait for the interest gain to come to your pocket.

Currently, we support a total of 32 assets in Savings, including BTC, LTC, ETH, ETC, BCH, USDT, BSV, DASH, EOS, NEO, QTUM, TRX, XRP, ADA, ALGO, ATOM, BTM, BTT, ELF, HC, IOST, IOTA, LINK, OKB, OMG, ONT, VSYS, XLM, XMR, XTZ, ZEC, and ZIL. Users can select any of the above assets available for margin trading on the EARN interface and transfer to Savings for daily gain – with no minimum deposit requirement and is very flexible for withdrawals.

Moving on to Staking.

Staking is essentially the easiest option for gaining that extra income.

OKEx Pool is an innovative mining pool that provides users with safe, stable and transparent multi-currency multi-type mining services alongside staking. Users are encouraged to hold coins in the long term for higher yield rewards when the staking period expires, which is considered one of the safest choices for passive crypto income.

On the new EARN interface, users can choose to stake coins they have in their Mining/Staking Account and check their estimated yield return prior to subscribing to the service.

Another update is that staking service will now settle yields in the corresponding staked assets, for example, all EOS staking orders will be settled in EOS, and IOST skating orders in IOST, giving much more convenience for managing your profits.

Finally Term deposit.

Apart from the existing services, we added a new “Term Deposit” function, which allows users to generate extra assets.

Term Deposit is actually fixed-term staking, users’ deposits will be put into an account in a financial institution to accrue passive income, ranging from one month to three months with different returns in the corresponding staked assets, all depends on users’ choices.

EARN is a key puzzle to our #FinanceAll initiative.

When designing EARN, we looked for a way to integrate and serve as a one-stop-shop for users to easily manage trades and investments under the same roof on OKEx.

From the feedbacks that we have received from some traders is that they have been successful with referrals when they introduce EARN program to their friends.

All you have to do is refer a friend and explain to them about earn program where they can buy crypto and transfer the assets to savings for example to earn passive income while they learn how to trade!

Wait no more guys, let’s make use of EARN program so that you can start earning passive incomes!

📝 For more info, click HERE to know more

🔍 Recommended articles:

Session 1 - Registration and Verification

Session 2 -  Deposit and Buy Crypto

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