How do I Earn Crypto with Phemex’s Savings Accounts?

Phemex’s Savings accounts come with two options: Fixed and Flexible Accounts. To learn more, please visit the Phemex Savings Page or read the “What are the Phemex Savings Accounts?” guide.

WEB:

 

Fixed Savings Accounts

1. Log in to Phemex.com, hover over the Earn option in the header menu, and then click on Phemex Savings. 
2. Scroll down to the Crypto Interest Accounts section and make sure the Fixed tab is selected (it is by default).
3. Under the Duration column for your desired coin, select the 7 or 14-day duration period. Note that the estimated APY will automatically update based on the chosen period.
4. Click the Subscribe button for your desired coin. 
5. Within the new pop-up window, you once again have the choice of adjusting the duration period.
6. From the drop-down menu under the Pay with section, select whether the funds will come from your Spot Wallet or Investment Account.
7. In the field under the Subscription amount section, enter the number of coins you wish to subscribe to or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
8. There is an Automatic renewal option that is enabled by default. This allows your principal and interest to be automatically subscribed into the next cycle for compounded yields. Toggle the slider button if you wish to deactivate it.
9. Click the Confirm button, and your funds will be locked in the selected Fixed Savings Account, earning interest for the specified time.

Phemex’s Fixed Saving product with Early Redemption allows users to earn higher levels of interest on cryptos invested for a specified period of time. The early redemption function for the fixed investment account is available and will be in Flexible Saving Account.

Once early redemption is confirmed, the End Date will also change depending on when the user clicked Early Redeem.

– If the subscription was yesterday before 12:00 UTC and it was early redeemed today before 12:00 UTC, the end date would be T+1.

– If the subscription was yesterday after 12:00 UTC and was early redeemed after 12:00 UTC, the end date would be T+2. Funds will be distributed on the same day of the end date.

Flexible Savings Accounts

1. Log in to Phemex.com, hover over the Earn option in the header menu, and then click on Phemex Savings. 
2. Scroll down to the Crypto Interest Accounts section and make sure the Flexible tab is selected.
3. Click the Transfer button for your desired coin. 
4. Within the new pop-up window, in the field under Transfer Amount, enter the number of coins you wish to subscribe to or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
5. Click the Confirm button, and your funds will automatically begin earning daily interest until you choose to redeem or withdraw. 

APP: 

 

Fixed Savings Accounts

1. Open the Phemex App and log in to your account.
2. Tap the Wallet Assets Icon on the right side of the bottom navigation bar. 
3. Hover over the Earn option in the top menu and make sure the Fixed tab is selected. Click the Subscribe button for your desired coin.
4. Within the new pop-up window, you once again have the choice to adjust the duration period.
5. From the drop-down menu under the Pay with section, select whether the funds will come from your Spot Wallet or Investment Account.
6. In the field under the Subscription amount section, enter the number of coins you wish to subscribe or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
7. There is an Automatic renewal option that is enabled by default. This allows your principal and interest to be automatically subscribed into the next cycle for compounded yields. Toggle the slider button if you wish to deactivate it.
8. Click the Confirm button, and your funds will be locked in the selected Fixed Savings Account, earning interest for the specified time. 

Flexible Savings Accounts

1. Open the Phemex App and log in to your account.
2. Tap the Wallet Assets Icon on the right side of the bottom navigation bar.
3. Hover over the Earn option in the top menu and make sure the Flexible tab is selected (it is by default). Click the Transfer button for your desired coin.
4. Within the new pop-up window, in the field under Transfer Amount, enter the number of coins you wish to subscribe to or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
5. Click the Confirm button, and your funds will automatically begin earning daily interest until you choose to redeem or withdraw.

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