Flexible Plans has been launched by WhiteBIT, a new addition to its Crypto Lending service. This new investment option allows users to earn continuous interest on their deposited assets without a fixed lock-in period, providing greater financial freedom and flexibility.

What is Crypto Lending?

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

The Fixed Plans differ by earning rates, lending periods, and the minimum/maximum lending amounts. They are safe, convenient, and profitable.

In addition to Fixed Plans, WhiteBIT offers Flexible Plans to extend flexibility and financial freedom. 

What is Flexible Plans?

On the contrary to Fixed Plans, Flexible Plans allow users to earn interest without any lock-in period. This means you can withdraw your funds at any time without losing the interest you’ve already accrued.

Key features of Flexible Plans

• Withdraw Anytime: Funds remain accessible, and withdrawals do not impact the interest you have already earned.
• Dynamic Interest Rate: The rate may change at any time during the active plan.
• Hourly Profit Calculation: Interest is calculated every hour and accumulated throughout the day.
• Daily Payouts: Accumulated earnings are credited to your Main Balance daily.
• Auto-Savings Option: You can activate automatic reinvestment, allowing for compound interest growth.
  

Please note: The flexible plan earning interest is calculated based on the Annual Percentage Rate (APR) and reflects the annual return earned from lending out crypto assets.
For example, if the APR is 10%, it means you would earn 10% of your deposit amount for one year, assuming the funds remain in the Crypto Lending for the full duration. The actual earnings may be lower if you withdraw your funds early or choose a shorter term.

How it works?

Flexible Plans, operate on an hourly interest accrual system, ensuring that users continue to receive earnings while their deposit is active.

Example: A user deposits 1000 USDT into a Flexible Plan with an annual interest rate of 10% at 13:05 UTC on January 10. The system begins tracking the deposit from 14:00 UTC. 

The minimum holding period to start earning is one full hour. Interest is calculated hourly using the formula:

1000 USDT × 10% / 365 / 24 = 0.01141552511 USDT per hour.

After 10 hours, the user's total earnings amount to 0.1141552511 USDT. The accumulated interest is credited daily from 00:00 to 00:10 UTC.

Partial and full withdrawals

If you have Flexible Plans, you can withdraw any amount you want without closing the plan. There are partial and full withdrawals.

• Partial Withdrawal:

For example, you have 1000 USDT in a Flexible Plan. On January 15 at 10:30 UTC, you withdrew 500 USDT.

According to the system records:

• From 00:00 to 10:00 UTC, the balance was 1000 USDT.
• From 10:00 to 00:00 UTC, the balance was 500 USDT.
  
  

Hourly earnings are calculated separately for both periods and interest is adjusted accordingly. The total profit for January 15 is 0.1940639269 USDT.

• Full Withdrawal:

For example, you have 1000 USDT in Flexible Plan, and you withdrew all funds at 14:59 UTC on January 20. The plan remained active for 14 hours that day. The final credited earnings at 00:00 UTC on January 21 amount to 0.1598173516 USDT.

Maximize earnings with Auto-savings

For those looking to maximize their passive income, WhiteBIT offers Auto-Savings, which automatically reinvests daily profits back into the Flexible Plan.

1. 00:00 - 00:10 UTC. The daily earned interest is credited to the Main Balance.
2.  ~00:15 UTC. The exact amount is automatically reinvested into the active plan.
3. 01:00 UTC. The new deposit balance starts accruing interest.

Let’s take a look at a scenario example to understand how it works. 

A user deposits 1000 USDT in a 10% APR plan. After one full day, they earn 0.2739726027 USDT. At 00:00-00:10 UTC, this profit is credited to the Main Balance. At 00:15 UTC, Auto-Savings reinvests it, increasing the deposit to 1000.2739726027 USDT. From 01:00 UTC, the new balance starts earning interest.

This newly offered feature will keep reinvesting your daily profits exponentially.

Interest rate adjustments

Unlike Fixed Plans, where interest rates are locked, the interest rate for Flexible Plans may change at any time, affecting future earnings. Example:

A user has 1000 USDT in a Flexible Plan with an annual 10% interest rate. On January 15 at 10:30 UTC, the rate drops to 5%.

The system records:

• From 00:00 to 10:00 UTC, the balance is earned at 10% APR.
• From 10:00 to 00:00 UTC, the balance is earned at 5% APR.

The total profit for January 15 is 0.1940639269 USDT, adjusted for the rate change.

Why choose Flexible Plans?

• No Lock-in Period. Withdraw funds anytime without losing accrued earnings.
• Hourly Earnings Calculation. Profit starts accumulating every hour.
• Daily Payouts. Earned interest is credited automatically.
• Auto-Savings for Compound Growth. Reinvest daily earnings for higher long-term returns.
• Adjustable Interest Rates. Stay flexible as rates adapt to market conditions.
  
  

With the introduction of Flexible Plans, WhiteBIT is making Crypto Lending more versatile than ever. Whether you prefer the security of Fixed Plans or the flexibility of withdrawal-friendly investments, you can choose the best strategy for your financial goals.

FAQ

Why do fixed-term plans show high percentages, but bonuses are calculated based on the old rates? For example, the APR for 10 days is 9%, so with 100 USDT, the bonus should be 9 USDT, but only 0.25 USDT is credited.
The displayed APR (Annual Percentage Rate) reflects the potential annual return, not the earnings for a shorter period (e.g., 10 days). Therefore, your bonus is calculated proportionally to the number of days your funds remain Crypto Lending plan.

For instance, with a 9% APR over 10 days, the return would be: (9% ÷ 365) × 10 ≈ 0.25%. This equals 0.25 USDT from a 100 USDT in Crypto lending.

Note: The bonus is based on the APR at the time you started the plan, even if the rate changes afterward.

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 ).