Earn rewards in the asset you actually want. With Fixed Earn, you can now choose which currency you want to receive your rewards in - not just the currency you deposited.
Previously, rewards were always paid out in the same currency as the deposit, and the available options were limited. Now, you can choose from a much wider range of assets and have your rewards automatically converted into your preferred currency.
What’s changed?
Before: Your Earn reward was always paid in the same currency you deposited.
Now: You can choose a different reward currency from a wider range of supported assets, and the conversion happens automatically at payout.
This gives you more flexibility and control over which assets you accumulate through Earn.
How does it work?
- Choose your reward currency. When creating an Earn plan, select the currency you want to receive your rewards in. By default, it’s set to your deposit currency.
- Change it later. You can update the reward currency while your plan is active, subject to the applicable cutoff time.
- Automatic conversion. If your reward currency differs from your deposit currency, the reward is automatically converted via Convert at payout.
- Funds go straight to your Main balance. There’s no need to manually convert your rewards after receiving them.
Possible scenarios
1. Choose a reward currency when creating a plan
When creating a Fixed Earn plan, you can choose the currency in which you want to receive your rewards.
Steps:
- Start creating a Fixed Earn plan. To do this in the web version of the exchange follow the link: https://whitebit.com/earn/crypto-lending/list/fixed. If you are using the app, on the Home page, go to "WhiteBIT Products" and in the Earn section select "Crypto Lending".
- Choose the plan currency, specify the deposit amount, select APR and plan duration.
- Open the “Earn in” selector. If you click the information icon next to the selector, an information window explaining the function will open.
- Choose your preferred currency or keep the default.
- If you choose a currency other than the default, accept the disclaimer.
- Confirm the plan. Review the plan details, consent to having the rewards converted into your chosen currency using the Convert function and click the "Confirm" button.
What happens:
The selected reward currency is saved for this plan only.
2. Change the reward currency on an active plan
You can change the reward currency while your Fixed Earn plan is active.
Steps:
- Open the details of an active Fixed Earn plan. You can do this on the Activities page: https://whitebit.com/activities/earns by clicking "Details" next to the plan you are interested in.
- Open the “Earn in” selector.
- Choose a new currency.
- Apply the change.
Important: The reward currency can only be changed before the plan enters its accrual/payout window. Once this window starts, the setting is locked.
3. Receive your reward
When the Fixed Earn plan ends, your reward is calculated and paid out in the selected reward currency.
- Reward currency = deposit currency - the reward is credited as-is.
- Reward currency ≠ (not equal) deposit currency - the reward is automatically converted using the current Convert rate and credited to yourMain balance.
Transaction history:
The conversion is shown in both Earn history and Convert history.
Important details
Reward rate
- The displayed reward is an estimate. The amount shown when you select a reward currency is indicative only.
- No rate lock. If a conversion is required, it happens at the Convert rate available when the reward is accrued/paid out - not at the rate shown during setup.
- No conversion when currencies match. If your reward currency is the same as your deposit currency, the reward is paid out directly without conversion.
Eligibility
- This feature is available only when the estimated reward is between 5 and 35,000 USDT equivalent.
Changing the reward currency
- You can change the reward currency any number of times while the plan is active.
- Changes are blocked once the plan term ends and the accrual period begins.
- There is no additional buffer period before the cutoff - the start of accrual is the cutoff.
If a reward currency becomes unavailable
- If your selected reward currency is delisted or paused before payout, your reward is automatically paid out in the deposit currency instead.
- You’ll be notified through the existing standard delisting notification flow, such as push or email.
Existing plans
- The feature applies only to newly created plans.
- Existing Earn plans are not affected and will continue to pay rewards in their deposit currency.
Reward currency is set per plan
- The reward currency is a plan-level setting, not a global user preference.
- If you have multiple Earn plans, you can choose a different reward currency for each plan.