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Binance Flexible Savings calculator

How does Flexible Savings Work?

28 March 2022 Enpatika.com Genel

What are Flexible Savings products? Flexible Savings acts as your Crypto savings account, allowing you to earn interest on your deposited crypto . The scheme is flexible and allows you to redeem your funds at any time.21 Eki 2019

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How do I remove my Flexible Savings Binance?

28 March 2022 Enpatika.com Genel

Toggle under Savings, Locked Staking and Defi Staking until you find the coin that you wish to withdraw. Click redeem on the right side of the coin screen to withdraw your coin out to your spot wallet. Hope it helps!

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How do you use a flexible savings Binance?

28 March 2022 Enpatika.com Genel

Click on “Savings Assets” on the “Wallet” dropdown. Select “Flexible Savings” & click on “Redeem” under the “Operations” tab on the product you wish to redeem.

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How long does flexible savings last?

28 March 2022 Enpatika.com Genel

You can choose from 7 days, 14 days, 15 days, 30 days, 60 days, or 90 days lock-up period . It varies for different coins. Also, the interest rates are higher than what is obtainable in Flexible Savings.

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Can you lose money on Binance Savings?

28 March 2022 Enpatika.com Genel

Without compounding, users can lose out on an exponential amount of returns over time . The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings.

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Can I lose money on Binance savings?

28 March 2022 Enpatika.com Genel

Without compounding, users can lose out on an exponential amount of returns over time . The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings.

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Can I lose money Binance flexible savings?

28 March 2022 Enpatika.com Genel

Yes you are still liable to losing money because if the value of the coin you staked drops then your coin values drop too and so does the APY because it is based on how much coin you saved.

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