Welcome to BitMerchants’ Earn Terms. These terms govern your use of our cryptocurrency earning services. By accessing or using these services, you agree to these terms. Please read them carefully.

1. Eligibility To participate in BitMerchants’ earning services, you must:

• Be at least 18 years old.
• Have a verified BitMerchants account.
• Comply with our Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

2. Earning Interest BitMerchants allows users to earn interest on their cryptocurrency holdings. Here are the details of how it works:

3. Supported Assets

• BitMerchants supports a wide range of cryptocurrencies for earning interest, including but not limited to Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and other major digital assets. The list of supported assets may be updated periodically.

4. Interest Rates

• Variable Rates: Interest rates on supported assets are variable and depend on market conditions. Rates are updated regularly and can be viewed on your BitMerchants dashboard.
• Calculation: Interest is calculated daily based on the value of the cryptocurrency held in your account. Interest accrues daily and is paid out monthly.

5. Compounding Interest

• Interest earned on your holdings is automatically compounded, meaning that the interest you earn is added to your principal balance and starts earning interest itself.

6. Minimum and Maximum Balances

• Minimum Balance: There may be a minimum balance requirement to start earning interest on certain assets. This information will be provided on your account dashboard.
• Maximum Balance: There may also be limits on the maximum balance eligible to earn interest at the advertised rates. Balances above this limit may earn interest at a lower rate.

7. Deposits and Withdrawals

• Deposits: You can deposit supported cryptocurrencies into your BitMerchants account at any time to start earning interest.
• Withdrawals: You can withdraw your assets at any time. However, withdrawing funds before the monthly payout date may affect the interest earned for that period.

8. Lock-up Periods

• Some earning programs may offer higher interest rates for assets that are locked up for a specified period. Lock-up periods are optional, and you will be informed of all terms and conditions before opting in.
• Early Withdrawal Penalties: If you choose to withdraw assets from a lock-up period early, you may incur penalties, such as forfeiture of accrued interest.

9. Security and Risk Management

• BitMerchants employs industry-standard security measures to protect your assets, including encryption, multi-factor authentication, and insured custodial services.
• Risk Disclosure: While we strive to provide a secure platform, earning interest on cryptocurrencies involves risk, including the potential loss of principal. The value of cryptocurrencies can fluctuate, and BitMerchants does not guarantee returns or the safety of your assets.

10. Fees

• BitMerchants may charge fees for certain earning services. All applicable fees will be disclosed before you use the service. Typical fees may include:
  • Management Fees: A percentage of the interest earned.
  • Transaction Fees: Fees for depositing or withdrawing funds.

11. Tax Implications

• Earnings from cryptocurrencies may be subject to tax in your jurisdiction. BitMerchants does not provide tax advice, and it is your responsibility to comply with applicable tax laws. We recommend consulting a tax professional to understand the tax implications of earning interest on your cryptocurrencies.

12. Amendments

• BitMerchants reserves the right to amend these Earn Terms at any time. Any changes will be communicated to you, and your continued use of the earning services constitutes acceptance of the amended terms.

13. Termination of Service

• BitMerchants reserves the right to terminate or suspend your access to earning services at its sole discretion, without prior notice, for any reason, including but not limited to violation of these terms or illegal activities.

14. Contact Information

• For any questions or concerns regarding these Earn Terms, please contact us at support@bitmerchants.com.

By using BitMerchants’ earning services, you acknowledge that you have read, understood, and agreed to these Earn Terms.