Every Monday, you’ll receive a deposit with the yields you accumulated throughout the week. You will also receive an email in the address registered to your Bitso account with the breakdown of your yields in each coin.
In order to know when your next deposit will come, just follow these steps:
- Open your Bitso app
- Choose the coin you want to know about
- The date will be under the Your yields section.
Once Bitso+ is active to your account, you can also check your accumulated yields under your balance in:
- USD Stablecoins (Digital Dollar)
- Bitcoin (BTC)
- Ether (ETH)
This amount is updated daily, although the yield is deposited weekly.
However, due to market conditions, only USD stablecoins (Digital dollars) are generating yields for the time being. If you are enrolled to Bitso+, you will stop receiving yields in ETH and BTC from Nov 21, 2022 onwards until further notice. You will continue receiving your yields in Digital dollars (USD stablecoins) every Monday at a 2% annual rate.
To learn more about the current Bitso+ rates conditions, read:
- What rates does Bitso+ offer?
It is important for you to know that yields accrue every day using the average daily balance in the eligible crypto asset (which can be withdrawn at any time together with yields already earned and paid). As we mentioned, accrued yields are deposited weekly on Mondays.
Yields are calculated using the applicable daily periodic rate multiplied by the average balance in the account on that day. The daily periodic rate is calculated by dividing the applicable annual yield rate by the number of days in the year.