OKX's Auto-Invest, officially branded as "Simple Earn", is an automated digital asset investment tool designed to help users grow their cryptocurrency holdings passively. By integrating external protocols, users participate in fixed-term deposit-like programs to earn yields without selling their assets. This guide explores its functionality, setup, and best practices.
Understanding OKX's Auto-Invest (Simple Earn)
Key Features
- Hourly Interest Payouts: Earn yields calculated at market-driven rates, distributed hourly.
- Zero Fees: No charges for deposits, withdrawals, or earnings redemption.
- Asset Security: Backed by OKX’s robust risk-control framework.
Supported Assets
Only cryptocurrencies eligible for OKX Margin Lending are available.
Rules for Participation
- Subscription: Open 24/7. Funds are lent to margin traders upon successful rate matching.
- Redemption: Instant withdrawals; uninvested assets skip the current interest cycle.
Step-by-Step Guide to Using Auto-Invest
1. Account Setup
👉 Download the OKX App and register:
- Enter your email, verify the code (valid for 10 mins).
- Complete SMS verification (code expires in 10 mins).
- Set a secure password.
2. Identity Verification
- Navigate to Profile > Identity Verification.
- Level 1: Basic info for trading access.
- Level 2+: Upload ID documents (max 10MB; JPEG/PNG).
3. Start Earning
- Go to Finance > Simple Earn.
Choose from:
- Simple Earn: Fixed-rate hourly yields.
- Structured Products: Custom strategies.
- On-Chain Earn: DeFi integrations.
- Search for your preferred cryptocurrency and select a product.
4. Monitor & Redeem
- Track earnings under Finance Dashboard.
- Redeem anytime—assets return instantly.
Risks and Considerations
- Smart Contract Vulnerabilities: Code flaws may lead to losses.
- Asset Volatility: Underlying crypto value fluctuations.
- Third-Party DeFi Risks: OKX acts as a platform; not liable for project failures.
👉 Explore OKX’s Security Measures to mitigate risks.
FAQs
Q1: Is Auto-Invest safe?
A: While OKX employs strict audits, DeFi risks like hacking exist. Diversify investments.
Q2: Can I withdraw funds anytime?
A: Yes! Redemptions are instant with no lock-in periods.
Q3: Which cryptocurrencies are supported?
A: Only assets compatible with OKX Margin Lending (e.g., BTC, ETH).
Q4: How are interest rates determined?
A: Rates adjust hourly based on market demand for margin loans.
Q5: Are there minimum deposits?
A: Varies by product; check details before subscribing.
Final Tip: Auto-Invest suits conservative investors seeking steady yields. Always assess personal risk tolerance before participating.