Cryptocurrency lending is a loan of certain assets to the exchange. It allows you to make profit by lending your funds to the exchange in a certain cryptocurrency by using one of the available plans. The income is accrued in the cryptocurrency in which the plan was opened.

The plans differ by earning rates, lending periods and the minimum/maximum lending amounts. It is safe, convenient, and profitable.

How do I open the plan on the website?

To start earning for lending cryptocurrency on our exchange:

1. Go to the Crypto Lending page in the Products section on the top bar.

2. Choose one of the plans for the desired asset. To do this, you need to find the asset in the list or via the search field (enter the token/coin name), click on the period that suits you and click the yellow "Choose a plan" button.

In this list, you can see the interest you will receive after the end of the selected period. You can also see the minimum and maximum amount of funds for opening a crypto lending plan for each asset. 

Please note that at the top of the page you can immediately choose one of the most popular plans on our exchange.

3. Make sure that the required amount of funds to open a plan is on your Main Balance or make a deposit in the selected cryptocurrency to the Main Balance.
4. Indicate the amount of currency you want to deposit into the plan and click the "Select a plan" button. In the same window, you can change the period and see the estimated income.

Done! Please note that once the plan is opened, you will not be able to deposit additional funds.

The plan will be closed automatically. The interest is credited to the Main Balance after the expiration of the term specified in the terms and conditions.

How do I close a plan early on the website?

Any plan can be closed early, but in this case, no income will be accrued. To do this, you need:

1. On the Crypto Lending page, find the "Active plans" section.

2. Select the plan you want to close and click the "Close plan" button.

After that, your funds will be automatically returned to the Main Balance without any accrued interest.

How do I open the plan in the app?

To open a plan, first make sure the funds are in the Main Balance.

1. Tap the Crypto Lending tab on the main application screen.

2. Select an asset from the list. 

3. Next, you need to select a plan, specify the amount and tap Confirm.

Please note that for each asset there is a minimum and maximum deposit amount, these amounts are shown in the window of the selected asset. In case you do not have enough funds to select a plan, you can deposit funds without closing this window. It is also important to remember that once you open a plan, you cannot deposit additional funds.

4. In the opened window, you will see the terms and conditions of the selected plan. Click the Confirm button.

Done, the plan is open!

You can check information about open plans in the Wallet tab, Earn section.

Please note: the plan will be closed automatically. Interest is credited to the Main Balance upon expiry of the term specified in the terms and conditions.

How do I close a plan early in the app?

You can close the plan before the specified term, the funds will be returned to the Main Balance, but you will not receive interest for keeping them. 

To close an active plan early, you need to:

• Go to the Crypto Lending page. 
• In the Active Plans tab, you need to find the plan you want to close.
• Click the Close Plan button.

When the plan is closed, the funds will automatically return to the Main Balance without earned interest.

Benefits from Holding for Crypto Lending

When investing in Crypto Lending plans for the Tether US (USDT), users can get an additional benefit by blocking WBT tokens in Holding.

To receive the bonuses, you need to meet certain conditions:

• it applies only to those plans that were opened at the time when the bonus program was already in effect;
• it is available only if the user’s Holding level has not decreased during the entire period of the Crypto Lending plan. However, increasing the Holding level will not affect it;
• the bonus for already active plans will not increase, if the Holding level increases. It means that the bonus coefficient will be fixed depending on the Holding level at the time of opening a Crypto Lending plan;
• the limit on the total amount of Crypto Lending plans to receive a bonus is 600,000 USDT. This means that the bonus can be applied to those Crypto Lending plans which total size do not exceed 600,000 USDT. All plans that exceed this amount will not be eligible for the bonus.

Please note: if Crypto Lending plans are opened repeatedly or simultaneously with different plan periods, and the total amount of these investments does not exceed 600,000 USDT, the bonus will be active.

Crypto Lending for businesses

Crypto Lending for institutional clients allows companies to invest their cryptocurrency assets. Thus, companies can earn interest on their investments. The functionality allows you to effectively manage your assets thanks to flexible deposit terms, maximum interest rates, and special limits.

To make a deposit, you need to fill in an application on our platform by filling out the form on the "Crypto Lending for business" page and clicking "Contact Us". 

The next step is to complete verification to confirm your credentials and meet our security standards. Once you have completed the application, you will receive detailed instructions throughout the process for: 

• identity verification;

• making deposit;
• canceling the plan under special conditions.

Please note: for institutional clients, the minimum investment amount is 600,000 USDT or the equivalent in other cryptocurrencies. There are no additional deposit fees for business!

FAQ

What is the difference between Crypto Lending and Staking?

Crypto Lending is an alternative to a bank deposit, but in cryptocurrency and with more features. You store your cryptocurrency on WhiteBIT, and the exchange uses your assets in margin trading.

At the same time, by investing your cryptocurrency in Staking, you participate in various network functions in exchange for a reward (fixed or in the form of interest). Your cryptocurrency becomes part of the Proof-of-Stake process, meaning it provides verification and protection for all transactions without the involvement of a bank or payment processor and you get rewarded for it.

Please note that only the Crypto Lending feature is currently available on the exchange. All available plans can be found here.

The Staking feature is planned to be added in the next updates.

How are the payments being ensured and where is the guarantee that I will receive anything?

By opening a plan, you provide liquidity to the exchange by partially contributing to its funding. This liquidity is used to engage traders. Cryptocurrency funds that users store on WhiteBIT in Crypto Lending provide margin and futures trading on our exchange. And users trading with leverage pay a fee to the exchange. In return, depositors earn a profit in the form of interest, this is the commission that traders pay for using leveraged assets.

Crypto Lending of assets that do not participate in margin trading are secured by the projects of these assets.

We also emphasize that security is the foundation of our service. 96% of assets are stored in cold wallets, and WAF ("Web Application Firewall") blocks hacker attacks, ensuring the safe storage of your funds. We have developed and are constantly improving an advanced monitoring system to prevent incidents, for which we have received a high cybersecurity rating from cer.live.

What are the periods of plans?

Currently, there are periods of 10, 20, 30, 90, 180 and 360 days. Interest rates for each period are different, i.e. two 180-day periods are not equal to one 360-day period. Thus, it will be more profitable to use the period for a longer term.

How is income accrued?

Income is credited at the time of plan closure. If you terminate the plan early, no income will be credited.

Can I renew my Crypto Lending plan?

Unfortunately, you can't automatically renew your plan, but you can open a new one.

Can I open more than one plan for the same asset at the same time?

You can open more than one plan for the same asset, but only for different periods (if there is an option to select a period for the asset).

Can I add funds to an already-opened plan?

Sadly, no. But you can easily open another one for the same asset, just for a different period (if there is an option to choose a period for the asset).

Can I invest in Staking now?

Staking cryptocurrencies are currently in development, but you can sign up for updates and be notified when Staking goes live on WhiteBIT. That way you can be one of the first to invest in Staking.

Support

In case of any questions related to the functionality of our exchange, you can:

• Leave a request on our website;
• Write to the support email: support@whitebit.com;
• Write to the chat using the button in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click ).