Getting started with Simple Earn

Published on 14 Nov 2022Updated on 5 Feb 20264 min read48

1. Why choose Simple Earn?

Earn is a one-stop service platform created by OKX to help users access a variety of opportunities to earn crypto. It currently includes products such as Simple Earn, Dual Investment, and On-chain Earn.

Earn products offer the following advantages:

  • Stable returns: Lower risk with diversified and predictable yields

  • Fund security: Trusted by over a million users, supported by a world-class security team and bank-level protection

  • Flexible access: Subscribe at any time and redeem principal and returns flexibly

  • Simple to use: Smart parameters enable one-click participation

  • Wide product selection: Supports 150+ cryptocurrencies, offering diverse earning opportunities

2. How to participate in Simple Earn?

Q:How to quickly subscribe to Simple Earn?

Method 1: Subscribe based on different earning types.

  • Select Explore at the bottom of the app to enter the Grow page, then choose Simple Earn, On-chain Earn, Lending, or Dual Investment.

Method 2: Search for the cryptocurrency you want, select the corresponding Earn product, and subscribe as required.

Method 3: You can also view the earning products recommended for you by the platform through the following channels:

  • Featured section – Newly launched products are added regularly.

  • Premium Recommendations – Curated products such as Low Risk, High Return, and Structured Products help you quickly find suitable options.

How do I redeem from Earn?

Select Assets > Earn > Order Management, select the product you want to redeem, tap [Redeem], enter the amount, and confirm.

Note:

  • Products support 24/7 subscription and redemption.

  • Flexible Simple Earn redemptions are credited instantly.

  • Fixed-term Simple Earn redemptions are credited within 30 minutes.

Q:How do I enable or disable default subscription Earn Coins?

Go to Assets > Earn Account > Default Subscription, then toggle the switch on or off.

When enabled, the system automatically subscribes to eligible products. You can disable this feature at any time.

3. A wide variety of earning products

OKX Earn provides multiple product types designed to deliver stable and diversified crypto returns for different user needs.

1. Simple Earn

Includes Flexible and Fixed-term products for users holding idle digital assets.

  • Simple Earn Flexible

    • Simple Earn Flexible is an upgrade from the previous 'YuBiBao' and is a product created by OKX to connect users with idle digital assets and those with borrowing needs. It features flexible deposits and withdrawals, hourly interest calculation, and support for customizable interest rates.

  • Simple Earn Fixed

    • Simple Earn Fixed, also known as fixed-term earning, is a product created by OKX to help users with idle digital assets earn with a low entry barrier. It's easy to get started. In Simple Earn Fixed, different cryptocurrencies have different sources of earnings. For some coins, OKX helps users quickly participate in onchain staking to earn rewards. By staking digital assets on blockchain networks, users receive rewards generated by the PoS (proof-of-stake) mechanism. For coins that do not use the PoS mechanism, rewards come from platform incentives or project rewards.

2. On-chain Earn

On-chain Earn is currently a product category on OKX that integrates DeFi products and ETH2.0 services in one place. On-chain Earn provides customers with a simple and easy-to-use platform, offering more opportunities to participate in staking and Opportunities in DeFi protocols create more on-chain returns. On OKX Chain, customers can earn crypto at any time by participating in PoS staking or DeFi projects, without paying gas fees or providing service fees and commissions to the platform.

As a world-leading digital asset service platform, OKX has a security team composed of top global experts and a strict risk control system, providing bank-level secure storage and protection for your assets, and fully ensuring the safety of your transactions.

To learn more about earning coins, you can click the link: Grow Services FAQ