Understanding how your earnings are settled on a cryptocurrency exchange is crucial for effective portfolio management. This guide breaks down the settlement process for various products offered by a leading global trading platform, ensuring you know exactly when to expect your funds.
How Earnings Settlement Works
Earnings settlement is the process of crediting realized profits from your trading or investment activities to your available account balance. The timing of this settlement depends entirely on the type of product or activity generating the income.
Settlement Timelines for Different Products
Spot Trading Earnings
Profits generated from buying and selling cryptocurrencies on the spot market are settled on a T+1 basis. This means any earnings from trades executed today will be credited to your funding account by 08:00 (UTC+8) the following business day.
Derivatives Trading Earnings
Earnings from trading contracts have two distinct settlement methods:
- Perpetual Swaps: Profits and losses from these contracts are settled in real-time. You can see your updated balance reflected in your account immediately as the market moves.
- Futures Contracts: For contracts with a set expiry date, all profits are settled on the delivery date. The settlement occurs at 08:00 (UTC+8) on that specific day.
Mining Earnings
Earnings from various mining or staking pools are distributed at the conclusion of the mining period. The exact settlement time is unique to each project and will be specified in the official project announcement. Always check the details for your specific participation.
Wealth Management Products
These products offer a way to earn passive income, with settlement varying by type:
- Flexible Savings: Products like these offer daily accrual of rewards, which are typically rolled into your account balance each day.
- Fixed-Term Products: Earnings for locked savings products are paid out in a lump sum. The full principal and accrued interest are settled into your available balance on the product's maturity date.
Other Types of Earnings
The platform often provides additional avenues for earning.
- Referral Rewards: Bonuses earned through referral programs are usually settled after the referred user successfully completes the required tasks, such as making a trade or reaching a certain volume.
- Event Rewards: Promotional campaigns and events have their own specific rules. The settlement timing for any rewards earned will be clearly outlined in the official event announcement.
To get a comprehensive overview of all earning opportunities and their specific settlement rules, you can 👉 explore the official help center.
Key Points to Remember
- All settlement times are based on Beijing Time (UTC+8).
- If a scheduled settlement date falls on a non-business day (weekend or holiday), the settlement will be postponed to the next business day.
- In rare cases, settlement could be delayed due to essential technical maintenance or other unforeseen circumstances outside the platform's control.
Frequently Asked Questions
What does "T+1 settlement" mean for spot trading?
"T+1" means "Trade Date plus one day." It signifies that the profits from your trades are not available immediately but are processed and credited to your available balance the next business day after the trade was executed.
Are my mining rewards automatically compounded?
It depends on the specific mining product. Some products automatically reinvest your earnings to compound returns, while others pay them out to your funding account. Always check the terms of the individual mining project you are participating in.
Why haven't my referral rewards been credited yet?
Referral rewards are typically conditional. The most common reason for a delay is that the user you referred has not yet met all the conditions stipulated by the program, such as completing a required number of trades or reaching a specific trading volume threshold.
What should I do if my earnings are settled later than expected?
First, check the official product details or event announcement to confirm the expected settlement time. If the delay persists beyond the stated timeframe, it is best to contact customer support directly for assistance and to check for any ongoing system-wide maintenance.
Is there a difference between realized and unrealized earnings?
Yes, this is a critical distinction. Unrealized earnings (or PnL) are paper profits based on current market prices but have not been settled into your balance. Realized earnings are actual profits that have been officially credited to your account and are available for withdrawal or further trading.
Can settlement times change?
Yes, the exchange reserves the right to update settlement times for products or events. Any changes are always communicated to users through official channels like platform announcements or updated help documentation.