We've now introduced Earn to Swyftx and have done up this guide to help you navigate our new feature and receive rewards your Crypto balances!

You can now loan cryptocurrency on Swyftx, using our new Earn function. Below are just some of the assets that we have introduced this functionality for and we will regularly review the assets we offer to continue to grow and provide the best service possible for our customers.

  • True AUD (TAUD)

  • USD Tether (USDT)

  • USD Coin (USDC)

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Cardano (ADA)

  • Solana (SOL)

  • Cosmos (ATOM)

  • Polkadot (DOT)

  • Kava (KAVA)

  • Kusama (KSM)

  • Algorand (ALGO)

  • Tezos (XTZ)

Moving around your assets to and from Earn on Swyftx's Web Platform

To loan your assets using Swyftx's new Earn feature, you'll first have to navigate to the Earn page. To find this one, simply click the "Earn" option on the left hand menu as shown below.

From here, you will be able to loan your assets by navigating to the asset that you intend to move to Earn, and selecting the "+" icon to loan your chosen cryptocurrency or selecting the "-" icon to remove your loaned cryptocurrency.

Once you have selected an option from the above, as shown below you will be able to enter the appropriate details to loan or remove your cryptocurrency from Earn in the fields that appear below. First, you will see the remaining amount in the Earn Cap for this cryptocurrency that you will be able to loan. When a Cap has been reached for a particular cryptocurrency, you will be unable to loan that cryptocurrency until either the Cap is increased, or other users remove their cryptocurrency from Earn.

Here you can either choose to loan or remove a chosen amount, which you may enter in field 1, where field 2 shows the full balance available to complete this action, or you can choose to loan or remove the full balance available using the "Set Max" button in field 3. You are able to loan up to 100% of your cryptocurrency balance until the Swyftx Earn Cap for this asset has been reached. Once you have completed this action, you will be able to select the "Add" button in the bottom right to complete this request.

Once you have completed this action, you will have loaned or removed your assets from Earn in Swyftx!

Loaning and Removing your assets from Earn on Swyftx's New App

To loan your assets using Swyftx's new Earn feature, you'll first have to navigate to your wallet using the function on your bottom navigation bar, second from the left. From here, you will now be able to see both your Earn and Trading balances. Then, you will be able to simply click the "Earn" options on this page as shown below.

From here, you can loan your assets by navigating to the asset that you intend to loan and selecting "Earn".

Once you have selected an option from the above, as shown below you will be able to enter the appropriate details to loan your cryptocurrency in the fields that appear below. First, you will see the remaining amount in the Earn Cap for this cryptocurrency that you will be able to loan at the top. When a Cap has been reached for a particular cryptocurrency, you will be unable to loan that cryptocurrency until either the Cap is increased, or other users remove their cryptocurrency from Earn.

Here you can choose to loan a chosen amount which you may enter in field 1 by touching the field, allowing you to enter the appropriate amount. Field 2 shows the full balance available to complete this action. Otherwise, you can use the scroll bar in field 3 to loan the full or appropriate balance available for this cryptocurrency. You are able to loan up to 100% of your cryptocurrency balance until the Swyftx Earn Cap for this asset has been reached. Once you have completed this action, you will be able to select the "Loan Asset" button in the bottom right to complete this request.

To remove an asset, simply select the asset from the page below that you have loaned.

The below page will then appear giving you the options to remove an asset (bottom left) or loan more of this asset (bottom right). From here, simply select the "Remove" cryptocurrency button as shown below, and same as the above, simply enter the amount you intend to remove in the appropriate field or remove 100%, or however much you intend to, using the scroll bar below the field to enter an amount.

Further Questions

If you have any further questions about Earn, please don't hesitate to get in touch with our friendly support team and we'd be more than happy to assist!

Did this answer your question?