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GROW Beginner's Guide: How to use Flexible account

Updated: Oct 7, 2022




Why deposit funds?

To start earning rewards on your crypto, you first need to deposit funds into your GROW account. With GROW, you can enjoy high rates of 11% on currencies including BTC, ETH, USDT, USDC and Binance smart chain coins.



Creating a deposit address

Before you can deposit funds into your GROW account, you must first create a deposit address for the appropriate cryptocurrency. The process is simple and can be completed in less than a minute. For this demonstration, we will create a USDC deposit address.



1. Once you have registered and logged in to your GROW account, press [Deposit] on the main page.







2. Select [USDC] on the Select Coin box, and press [Create Deposit Address].



Congratulations, you have now created a USDC deposit address and can send USDC funds to this address.



Please ensure that you have input the correct deposit address when sending funds to your GROW account. These deposit addresses will only accept funds from the corresponding cryptocurrency. Due to the nature of blockchain technology, you may lose access to your funds if you send a non-corresponding cryptocurrency or if the deposit address is not inputted correctly.






Funds in your Flexible Earn account will automatically begin receiving rewards at the rate listed within the corresponding cryptocurrency page. In this case, any Flex Earn balances between 300 USDC and 100,000 USDC will receive EARN rewards at a rate of 3.5% APR (Annual Percentage Rate).


With GROW, we calculate and distribute EARN rates SIX times daily. That means that your earning rate is actually HIGHER than the listed APR.




Minimum & Maximum amounts of Flexible Earn

There is a minimum and maximum amount of each coin for receiving EARN rates in Flexible Earn:


  • BTC (including BSC) Minimum: 0.01 BTC / Maximum: 3 BTC

  • ETH (including BSC) Minimum: 0.3 ETH / Maximum: 100 ETH

  • USDT (including BSC) Minimum: 300 USDT / Maximum: 100,000 USDT

  • USDC (including BSC) Minimum: 300 USDC / Maximum: 100,000 USDC





How to Withdraw


You can withdraw your funds from your Flexible Earn whenever you want.


1. Press [Withdrawal] on the main page, and input the amount you want to withdraw.







2. You will be prompted to input 2FA code (OTP), and make email verification.







3. Lastly, press [Confirm] at the Withdrawal Request Complete page.


Please note that it takes up to 24 hours to withdraw your assets because the GROW system processes all withdrawal requests in a batch a day after validating the format of a wallet.



 

About GROW

Singapore-based GROW offers top-notch APY so that clients can safely grow their wealth on a leading global platform for lending and borrowing crypto assets. Additional company information and details on the GROW app can be found by visiting www.grow3.io.


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