Interest explained

Earn lets you put your crypto and stablecoin holdings to work — earning interest that's paid out weekly, so you see returns without the wait.

How interest works

Interest is calculated based on your minimum daily balance and the rate applicable to your chosen currency and plan. Since interest is calculated on the minimum daily balance, earnings begin from the second day after funding your account and are credited weekly.

Wirex One can offer competitive interest rates by converting deposited funds into DAI or another stablecoin (depending on the currency you deposit) and placing them into a DeFi protocol on your behalf. This removes the complexity and high fees typically associated with DeFi — you simply watch your balance grow, or withdraw whenever you need to.

Interest rates are subject to change without prior notice and may fluctuate based on market conditions. Keep an eye on current rates and adjust your strategy as needed.

Making the most of your Earn Account

• Understand the risks — cryptocurrency values can be volatile. Make sure you're comfortable with the risks before funding a crypto Earn Account.
• Diversify your portfolio — spreading funds across different currencies can help minimise risk and improve your chances of a stronger overall return.
• Monitor interest rates — rates can change, so stay informed and adjust your approach accordingly.
• Match the plan to your goals — if you're after higher rates, a Fixed Earn locks your funds for a set period in exchange. If flexibility matters more, go with Flexible.
• Invest responsibly — only deposit what you can afford to keep locked or at risk. Always do your research before committing funds.

Earn Accounts are a straightforward way to grow your holdings over time. With the right strategy and a bit of attention to rates, it's a powerful tool to make your money work harder.