Flexible savings binance reddit Obviously, since I only invested a little bit more than a hundred dollars, I will not get a lot from it, but I mean it's something. Imagine if someone placed in 200k, and after 3 years, they are now owed 100k+ in interest, and they suddenly want to cash out, Binance has to somehow come up with the money. 000829% Pros include higher potential rates and diverse financial products, while cons Sep 23, 2024 · When depositing savings on Binance, users can earn higher interest rates compared to traditional savings at banks. Might want to consider using google Authenticator instead of sms code for logins as sms is easily hacked. Most likely a stupid question, but I want to be sure, whether to just let it stay there and earn me some small pennies or should I keep actively trading in my spot wallet. Is the only negative aspect to it that you can't put a stop-limit to your coins? Thanks, Mertanes Current bank interest rates are pretty negligible, but I could put money to Binance flexible savings, buy a stable coin (USDT) and earn 6% per year on my savings? Am I understanding that correctly? What are my risks in doing so? Seems like a pretty good return on what is a fairly stable investment (Currency exchange included). Im looking at Flexible Savings some XMR for 7 Days which will give me 1. Stake for a fixed amount of time to earn rewards that could potentially moon. And apparently, i can also withdraw/redeem with immediate effect. 5% over 20 AXS I want a 20% APR so I only save 5 AXS but if I use the Auto-Subscribe the amount is gonna change with the interests and it will exceed 5 AXS Will my APR be 1% ? Is there a way to block auto subscribe to use only 5 AXS ? How Auto Subscribe works with Flexible savings? : r/binance r/binance Current search is within r/binance Remove r/binance filter and expand search to all of Reddit Visit for Flexible Savings in Binance. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time. Now I just discovered the Flexible Saving option on binance, but it seems too good to be true. Choose your crypto and enjoy flexible investment options for great returns. What does the 7-day apy rate convert to over 365 days? if i were to leave btc at 1. Other than just allowing you to buy and sell cryptocurrencies, Binance offers a savings […] Oct 1, 2020 · Get a complete guide on Binance Savings. Are there any risks in these flexible savings? Hi everyone, I wanted to add some of my coins to the flexible savings of Binance and I've been trying understand what the negative aspect/catch/risk could be but I can't seem to find anything. Moreover, the savings products on Binance are designed to be flexible with various options, from flexible savings to locked savings. The GBP coin also offers way higher annual yield (5%) than a normal bank (usually around 0. Flexible Savings is a Binance financial product that allows you to utilize your idle crypto assets and earn daily interest, with the ability to redeem your funds at any time. While Binance's "Simple Earn" feature can be a great way to earn passive income from your cryptocurrency holdings, it's important to remember that there are always risks involved with any investment. I don't quite understand how it works. Hi, I have some Tether on Binance and I was wondering how does it work when it comes to putting it into a 'savings account' on the platform? Does it work like a regular saving's account where you get % interest and also get to keep the initial investment? In finance T&C it says: Flexible Savings Terms and Conditions I'm especially concerned with points 2, 3. I know 'Do Your Own Research' and all but I wanted to ask if there are any major risks with putting some of my savings into this. Password must be at least 8 characters with uppercase Binance flexible savings is where i put my crypto to get an percentage of interest, and its a safe way (the amount of crypto have wont be affected by anyway). Flexible savings: miserable yield but zero commitment. Usually if there is a chance to get 5x higher interest Binance is giving 15-25% APR in real time on USDT with no limits on earn account + an extra 5% on the first $500, how safe is it? As much as I want to believe, APY in Binance is NOT calculated in compound. What is Binance Savings? Binance Savings is an easy-to-use program that lets users earn interest simply by depositing their cryptocurrencies. So what is the catch/downside of using this option? Do i risk anything? Is it simply too good to be true? Thanks! A place to interact with the community, and discuss all things crypto and Binance! Launchpool is a win-win-win program. This means you don't have to fix your funds for an amount of time to profit from this. 000038% to 0. Locked Savings: the amount of coins will be locked in a certain period of time (14/30/60 days), but the interest rate is relatively high, at 15-25%. 83%, is this guaranteed? If the price of the coin goes up or down in those 7 Days ill only get 1. Interest is paid daily, take it out anytime you want and keep earnings yielded. From what I see in my "Flexible Savings" account, to calculate daily interest : (Amount * APY) / 365 Which mean if you constantly receive the same interest daily throughout the year, you will earn equivalent to the APY, which is far from what compound interest mean. So my question is if for example if Jul 31, 2025 · In this guide, let’s break down Binance Savings Explained: Flexible vs Locked Products, showing you how each option works so you can maximize returns on your digital assets. Does it work like a normal bank but in this case just in cryptocurrency. . Visit for Binance Savings Flexible. Password must be at least 8 characters with uppercase A place to interact with the community, and discuss all things crypto and Binance! Flexible Savings is your Crypto savings account. Flexible and locked savings are virtually risk free on Binance and I have no issue holding my coins in the exchange wallet. Make sure to upgrade your security settings to maximum and turn on your whitelist. First click the link to go to Binance’s registration page. 83% regardless? Congratulations on starting your cryptocurrency journey! It's great to see that you're taking the time to ask questions and learn more about the different features of platforms like Binance. 2% for 365 days. I have just learned about the Binance flexible savings just like the picture shown below. Hi - thank you all for any help in advance. Binance probably over paid to compete with the competition that lost everyone’s deposits. Users can access higher-than industry rates with the Locked Savings APY - Locked Savings accounts. Reply [deleted Start earning crypto rewards with Simple Earn on Binance. How it Work? How to Use it? What returns you get by lending your crypto on Binance Savings, etc among many other queries. May someone confirm if thats okay or just explain how it works to me if i understood it wrong. I'm asking for opinions/experiences about this service. trueA place to interact with the community, and discuss all things crypto and Binance! A place to interact with the community, and discuss all things crypto and Binance! In flexible saving, you stake your coin for daily return and you can transfer your staked coins to your spot wallet whenever you want. Users can choose between Flexible Savings accounts which offer greater flexibility and the Locked Savings account that offer higher yields. Binance doesn’t want to be responsible for delivering high amounts of interest payments. I know there's risk if Binance goes under but I feel like I have to be missing something glaringingly obvious. what would be my final total? A place to interact with the community, and discuss all things crypto and Binance! A place to interact with the community, and discuss all things crypto and Binance! So I just discovered this Flexible Savings option, where it seems I can earn interest on my crypto held on Binance. Step 2: Fill out the form by entering your email and password. Launchpool: you provide funds to a new crypto/project, and earn rewards in their token based on your commitment. Thanks to Binance's position as leader in the market: -a project's team offers an airdrop of tokens for free to people putting their bnb, busd in savings in exchange for publicity and getting listed on Binance. how safe is the flexible savings account in binance earn? Is there any chance to lose your coins ? Jun 29, 2021 · As crypto assets become more widely accepted as an asset class, various decentralized applications or even cryptocurrency exchanges are offering services allowing you to earn interest on your cryptocurrency. May 24, 2022 · Types of Binance Savings Currently, Binance is offering investors two forms of savings: Flexible Savings: Investors can withdraw coins at any time, but the interest rate is relatively low, only 1-7%. Flexible Savings in Binance: In brief, Binance is one of the most innovative cryptocurrency exchanges in the market. Password must be at least 8 characters with uppercase Let's say im using flexible savings for AXS, the APR Tier Rate is : 20% for up to 5 AXS 1% for up to 20 AXS 0. How to register? Step 1: Go to the Binance registration page. Binance, is one of the most widely used exchange in the world. I really like the idea of Binance Savings and the different ways they offer to do it. Now that many of those failed, Binance probably doesn’t have to pay more right now. So Binance offers 10% flexible savings on BUSD which is miles better than anything my bank offers. Sep 20, 2024 · Key Takeaways With over 150 million users, Binance offers diverse interest rates for crypto, including flexible savings and staking Users earn returns on crypto, often surpassing traditional bank savings accounts Explore Binance’s rates for popular cryptos, with flexible rates ranging from 0. -Binance gets to offer yet another incentive to holding bnb throughout the year. Visit for Flexible Savings in Binance. It’s fairly obvious. 1% in the UK). Does my BTC in the flexible savings amount also goes up or will it stay the amount I had before. 2% APY and it's been several days and the cumulative interest accrued is still zero. One Flexible savings - how long to get interest? I put some BTC in binance flexible savings with 1. I just lended all my VET to Binance flexible because i thought it would be nice to experiment something different and see the results. I'm perfecty confortable with this decision and with the amount of $ invested, even if by some weird chance it dissapears. I thought the interest were calculated and deposited every day? I put some of my BTC in flexible Savings and wanted to ask, if BTC prices goes up as usual, lets say 60k. Binance Savings Flexible: In brief, Binance is one of the most innovative cryptocurrency exchanges in the market. I currently have some crypto that I subscribed for Flexible Savings, but I’m wondering how could I put it back to my Spot Wallet if I ever needed instant access to the crypto? It seems like it’s currently stuck in Flexible Savings :/ Is there anything I’m missing here to explain the high interest rate with flexible terms? I wouldn’t be keeping a lot as USDT but putting in a few hundred with almost 20% return sounds nice. The Binance Savings Interest Account offers higher deposit limits of between $10 million to $150 million. Is it safe to use the flexible savings with BTC and ETH? is there any chance to lose my money unless binance got hacked? When do I start earning my interest? Share Sort by: Best Open comment sort options Best Top New Controversial Old Q&A Add a Comment MinuteStreet172 • Haven’t seen any surveys on Binance that give you coins. I recently came across an article explaining how you can get up to 15-20% APR on flexible terms. Since Binance is centralized, they aren't really obligated to tell you how they earn yield, so that's an added risk on your end because you have to place your trust in them that whatever they are doing with your money is sustainable and profitable. nurj 0eqkzz xv hi bcodjx 7jrglvel f5cvy twqbc vbg lv0t