The Auto-Earn function accessible via the Bybit Card dashboard, is a convenient tool to allow Bybit Card users to earn interest on their idle assets in Flexible Easy Earn, while being able to automatically redeem those assets for spending with the Bybit Card when enabled.
You can easily enable this function for specific coins that are supported on Flexible Easy Earn based on your trading preferences (in case you may want to keep certain assets in your account as margin for leveraged trading, etc.). This enables effective planning and utilization of your idle crypto assets.
A key advantage of the Auto-Earn function is its inherent flexibility. All assets that are automatically subscribed to Flexible Easy Earn (via the Auto-Earn function or not) can be redeemed at any time. This ensures you maintain real-time access to your assets while being able to earn daily yield at the same time.
Plus, you can also earn compounding interest on your Flexible Easy Earn (not available directly on the Easy Earn page) by enabling Auto-Deduction on the Bybit Card dashboard!
How Does It Work?
Once you enable the Auto-Earn function, our system takes a snapshot of your current holdings in Flexible Easy Earn. Following this, at 10 AM UTC each day, the system will automatically allocate your transferable balance from your Funding Account to invest in Flexible Easy Earn plans.
The allocated amount during each execution of the subscription is subject to the maximum or minimum investment amount of Easy Earn. If the required minimum investment amount is met, the funds will be automatically invested into Flexible Easy Earn plans, up to the maximum investment amount. However, if the limit is exceeded or not met, the Auto-Earn subscription will fail for that day. The specific investing limits can be found in the details of the corresponding Flexible Term plans.
Disabling the Auto-Earn Function
When the Auto-Earn function is disabled, assets that have been used to subscribe to Flexible Easy Earn plans will no longer be invested.
If you decide to disable the Auto-Earn function on your Bybit Card, please keep in mind the following points:
- The changes will take effect on the same day only if you disable this function before 10 AM UTC. However, if you make this change after 10 AM UTC, the modifications won't take effect until the following day.
- Once you've disabled the Auto-Earn, your invested funds in Flexible Easy Earn will no longer be accessible for payments via Bybit Card. You'll have to manually redeem these assets if required.
- After you disable the Auto-Earn, if your Bybit Card doesn't have enough fiat funds for payment, the system will not automatically use assets from your Funding Account to cover the payment amount.
Disabling the Auto-Deduction Function
When the Auto-Deduction is disabled, the assets that are investing in Easy Earn will not be used in Bybit Card payment auto-redeemed for spending. Only the supported fiat and selected payment crypto asset in your Funding Account will be deducted for Bybit Card payments.
Enabling the Auto-Earn Function
When the Auto-Earn function is enabled, the selected assets will be invested for Flexible Easy Earn at 10 AM UTC daily. The amount invested depends on Easy Earn minimum and maximum investment limits.
Note: There is a minimum and maximum limit for every investing product. Please refer to the page for more information.
Enabling the Auto-Deduction Function
When the Auto-Deduction function is enabled, the supported fiat, selected payment crypto asset and the payment assets invested in Flexible Easy Earn will be deducted for Bybit Card payments.
For example, assuming that you have selected USDT as the payment crypto asset in your Bybit Card, and enabled the Auto-Earn function for USDT, USDC and BTC at the same time. In the event that you have insufficient fiat and USDT in your Funding Account, the system will automatically redeemed the respective amount of USDT from Flexible Easy Earn for Bybit Card payments. Easy Earn in USDC and BTC will not be affected.