It’s a new way to make your crypto grow by just holding them in your Bitso wallet. Your balance in Bitcoin and USD stablecoins will earn you daily rewards, which will be credited to your account each week. The best part is that your balance is always available for you to withdraw and convert!
How do I activate it?
Follow these steps:
Go to the tab labelled “Wallet” or “Crypto”.
Choose the coin you want to activate (bitcoin and/or USD stablecoins) and tap “Start earning”.
Lastly, tap “Start earning” again to accept the Terms and Conditions and the Risk Policy. That’s it! You are already earning rewards.
If you don’t see this feature in your Bitso app yet, don’t worry! You can register in the waiting list here. We are granting access gradually to offer you the service you deserve. Always remember to update the app to its latest version so you don’t miss a thing.
Which coins are included?
At the moment, the programme only supports bitcoin and USD stablecoins (USDC, USDP and BUSD), but stay tuned! More coins will be available soon.
What are USD stablecoins?
They are cryptocurrencies whose value is pegged to the US dollar. To learn more about USD stablecoins, visit this article: How do stablecoins work in Bitso?
Bear in mind that your balance in USD stablecoins is made up of USD coin (USDC), pax dollar (USDP) and binance USD (BUSD).
How often will I get my rewards?
Once you activate the programme, you’ll be able to observe daily growth in your balance, and you’ll receive your rewards weekly via Bitso Transfer. On Mondays, you’ll get a notification on your Bitso app and an email on your inbox to make sure you don’t miss anything.
To see the date for your next deposit, just follow these steps: open your Bitso app, choose the coin you want to check (bitcoin or USD stablecoins) and you’ll find the date for your next deposit under “Your rewards”.
How will I know how much I will get?
Every day, we’ll take your average balance and apply the daily proportional corresponding to the applicable annual growth rate.
Here’s an example to give you a hand:
Let’s imagine you’ve got a balance of 10 000 USD stablecoins, and the applicable annual rate is 2,5%. To grant you your rewards, we calculate the daily rate and then multiply your average balance for that day by this rate. The result of this calculation is 0.68 USD stablecoins, which is the amount that will be added to your balance every day.*
Bear in mind that rates are always subject to variations. You may consult the current rate in your Bitso app. It’s super easy! Go to your wallet, select bitcoin or USD stablecoins and, under your balance at the top of the page, tap “How it works”. There you can check the current rate.
* Daily rate calculation considering the numbers in the example: yearly rate (2.5%) / days in a year (365) = 0.0068% (approximate daily rate)
Are my funds available while they are earning rewards?
Your balance will be available for you to withdraw or keep converting at all times. It will not be blocked or frozen at any point, as is the case with fixed deposits in traditional banking.
What is the minimum amount to start earning rewards?
There's no minimum required to earn rewards. However, if your balance is too low, it may take a few weeks for you to earn enough to get a Bitso Transfer with your rewards.
At the moment, in order to get a deposit, you need to have earned at least 0.01 USD, or 1 satoshi (0.00000001 BTC).
Does the programme have any additional cost?
It has no extra costs whatsoever.
Is there anything else I need to know?
I’ve experienced a problem with this feature. What should I do?
If you have any other query or doubt about the programme, contact our Customer Support team.