Buying and holding any Coin or Token may help people earn profits in the future when it increases in price, but during that holding period the asset will not be able to bring people any benefits. any source of income. In this article Weakhand will guide people to make passive profits for their holding assets using OKX Earn.
Overview of OKX Earn
What is OKX Earn?
OKX Earn is a set of products developed by the OKX exchange, which is one of the largest exchanges today in terms of trading volume and user deposits. OKX Earn will have 3 main products including:
- Simple Earn.
- Structural products.
- Earn On-chain.
OKX Earn is designed with the simplest and most user-friendly interface, anyone can use and make profits from assets supported by OKX.
Why should we use OKX Earn products?
The problem of lack of transparency in managing assets deposited by users of centralized exchanges is quite painful. For OKX, this exchange will have users’ Proof of Reserves reports every month, so we can rest assured about OKX’s transparency.
OKX Simple Earn Products
Introducing OKX Simple Earn
OKX Simple Earn is a service that allows users to deposit their Crypto assets to earn money at market interest rates and can withdraw at any time. Simple Earn will be divided into different terms so people can choose corresponding to different profit sources:
- Flexible Simple Earn: Allows users to profit from leveraged trading users in the market.
- Simple Fixed Earn: Profits will come from many different sources, part will come from Staking and part will come from platform rewards.
Instructions for using OKX Simple Earn on the phone
- Access the OKX application then select “Growth”->”Earn”->”Simple Earn”.
- Search for the token you want to deposit into OKX Simple Earn.
- Select APY level and deposit time (if applicable).
- Enter the amount of tokens you want to send in the “Amount” box.
- Read the “Simple Earn User Agreement” and check the confirmation box.
- Select “Register” to complete deposit.
Instructions for using OKX Simple Earn on computer
- Visit the website: https://www.okx.com/
- Log in to your OKX account and select “Growth”->”Earn”->”Simple Earn”.
- Search for tokens people want to deposit in the search bar.
- Select the appropriate APY amount and deposit period then enter the amount.
- Read the “Simple Earn User Agreement” and check the confirmation box.
- Select register to complete the process.
Notes when using OKX Simple Earn
For assets with flexible terms, people have the option to withdraw assets and profits at any time without any problems. For deposits with fixed periods and interest rates, if people withdraw money before the set deadline, they will need to wait another 24 hours from the time of execution.
OKX Structured Products
Introduction to Structured Products
Structured Products are financial instruments from OKX that allow users to profit from the derivatives market. People can choose different products based on market trends with appropriate risk levels.
Currently, OKX has 3 products with different structures:
- Seagull: Make a lot of profit while the market has certain trends.
- Shark Fin: Earn profits in USDT in any market conditions with principal protected.
- Dual Investment: Buy and sell assets at target prices with high profits.
Instructions for using Structured Products on the phone
- Access the OKX application then select “Growth”->”Earn”->”Structured products”.
- Select the product that people want to use to deposit money.
- Choose the appropriate strategy and enter the amount you want to deposit.
- Read the user agreement and check the confirmation box.
- Select register to complete the deposit process.
Instructions for using Structured Products on the computer
- Visit the website: https://www.okx.com/
- Log in to your OKX account and select “Growth”->”Structured Products”.
- Choose the appropriate strategy and enter the amount you want to deposit.
- Read the user agreement and check the confirmation box.
- Select register to complete the deposit process.
Be careful when using structured products
Products like Seagun or Dual Investment will allow people to earn a huge profit, however, the risks from using these products are not small as they can cause losses if they change. market direction goes against the trend.
OKX On-chain Earn Products
Introducing OKX On-chain Earn
OKX On-chain Earn allows people to profit from their assets by Staking on Blockchain POS or DeFi protocols. Participating in Staking On-chain or using DeFi protocols will be quite difficult for most people, so OKX On-chain Earn will bring a simpler money-making experience than ever.
OKX On-chain Earn will include 2 different products:
- Single currency: Deposit and earn profit with unique assets.
- Dual currency: Deposit and earn profit using a pair of assets.
Instructions for using OKX On-chain Earn on your phone
- Access the OKX application then select “Growth”->”Earn”->”On-chain Earn”.
- Search for tokens people want to deposit in the search bar.
- Enter the amount you want to deposit into OKX On-chain Earn.
- Read and agree to the agreement by checking the confirmation box.
- Select register to complete the deposit process.
Instructions for using OKX On-chain Earn on computer
- Visit the website: https://www.okx.com/
- Log in to your OKX account and select “Growth”->”On-chain Earn”.
- Select the assets people want to deposit.
- Enter the amount you want to deposit into OKX On-chain Earn.
- Read and agree to the agreement by checking the confirmation box.
- Select register to complete the deposit process.
Notes when using OKX On-chain Earn
For assets deposited in Single currency, people do not need to worry about Impermanent Loss. However, assets deposited into Dual currency will suffer Impermanent Loss if the two assets deposited have opposite price fluctuations.
Summary
Above is a guide to making profits using OKX Earn from Weakhand, hopefully through this article everyone will be able to find profits from idle assets.
