OKX Savings Account is a service offered by OKX, functioning similarly to Alipay's Yu'ebao but designed for cryptocurrencies instead of fiat currency. Many OKX users are familiar with this feature due to its competitive yield rates. With a large user base and active borrowing demand, OKX generates substantial fee revenue, allowing it to offer attractive returns through its Savings Account. If you're wondering how to get started, this guide will walk you through the step-by-step process.
How to Use OKX Savings Account?
Register an Account
- Visit the OKX Exchange website and click "Sign Up."
- Enter your email, complete the CAPTCHA verification, and input the email verification code (valid for 10 minutes).
- Provide your mobile number, verify it via SMS, and select your country/region.
- Agree to the terms of service and create a strong password (8–32 characters, with uppercase, lowercase, numbers, and symbols).
Complete Identity Verification
- Navigate to "Assets" > "Identity Verification" and follow the prompts.
Access Savings Account
- From the homepage, select "Finance" > "Earn" to enter the Savings Account page.
Subscribe to a Cryptocurrency
- Search for your desired cryptocurrency (e.g., USDT), select "Savings Account," and click "Subscribe."
- Set your minimum annualized lending rate and enter the amount to lend. Confirm the details and agree to the Savings Account agreement.
Manage Investments
- Under "My Savings," view your active subscriptions. Adjust the minimum lending rate if needed.
Redeem Funds
- Enter the amount to redeem, confirm the details, and complete the process.
What Is the Daily Interest Rate for OKX Savings Account?
OKX Savings Account offers competitive yields compared to other cryptocurrency platforms. Here’s how it works:
- Interest Calculation: Assets deposited begin earning interest the next day, with payouts credited on the third day.
- Revenue Sharing: 85% of daily distributable interest goes to users based on their asset share, while 15% is retained as platform revenue (used for risk reserves).
👉 Maximize your crypto earnings with OKX Savings Account
Key Features
- Security: OKX’s robust platform ensures safe asset management.
- Flexibility: No minimum deposit; withdraw anytime with daily interest accrual.
FAQ
Q: Is OKX Savings Account safe?
A: Yes, OKX employs advanced security measures to protect user assets.
Q: How often are interest payments made?
A: Interest is calculated daily and credited to your account every 24 hours.
Q: Can I change my lending rate after subscribing?
A: Yes, you can adjust the minimum annualized rate from the "My Savings" page.
Q: Are there fees for redeeming funds?
A: No, OKX allows fee-free redemptions at any time.
👉 Start earning passive income today
By following this guide, you can leverage OKX Savings Account to grow your idle crypto assets securely and conveniently. Whether you're a beginner or seasoned investor, the platform’s user-friendly design ensures a seamless experience.