Today we are proud to announce our newest upcoming Earn Crypto program, a service to help with your Crypto Asset Management needs.
Starting on January 18, 2021, Phemex will offer two ways for customers to earn crypto passive income in a risk-free manner: Flexible Savings Account with 7% APY and Fixed Savings Accounts with 10% APY.
Flexible Savings Account
Our Flexible Savings Accounts allow users to earn an estimated 7% APY interest on deposits up to 50,000 USDT.
Funds can be transferred in or out of this account at any time without incurring any penalties. Interest earnings are paid out daily. If funds are not withdrawn, the account will automatically add your daily earnings to your initial principal for compounded interest.
Fixed Savings Accounts
Our current Fixed Savings option includes a 7-day lock-up period account that allows users to earn an estimated 10% APY interest on deposits between 100 – 50,000 USDT.
Again, for this account, users must subscribe and commit their funds for 7 days. Interest earnings will be paid out at the end of each 7-day period. If the auto-renewal option is enabled, earnings will be automatically added to the original principal and enrolled in the next 7-day cycle.
- These promotional APYs are significantly higher than our competitors. As such, these are subject to change anytime. We will announce such changes in advance.
- As a customer of either of these services, you are guaranteed the estimated returns listed above regardless of the results of our internal investment strategies.
- Currently, investment funds are only accepted in USDT, but more crypto options and accounts will be offered soon.
- All daily cut-off times, calculation formulas, and further details will be available on our EARN CRYPTO page on the day of our launch.