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.
Read moreCan you lose money on Binance flexible savings?
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.
Read moreWhat is the difference between staking and saving in Binance?
Binance Flexible Savings – low interest rate, withdraw anytime. Locked Staking – high interest rate, cryptocurrency locked for a period of time (15 days, 30 days, 45 days), your interest will be forfeited if you withdraw before maturity.
Read moreShould I use Binance savings?
No-risk rewards. To top it all off, Flexible Savings is still a no-risk, safe way to earn with your crypto . No matter if it’s sitting in your Binance Spot wallet, you can still put it to work earning. You can also withdraw your funds instantly whenever you need them.2 Kas 2021
Read moreHow do you use savings in Binance?
8.How do I redeem my funds from a flexible savings product? 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.
Read moreHow do you make money on Binance savings?
The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings . To compound returns from Binance Staking and Fixed Savings back into those products, resubscribe as soon as the subscription time is over.
Read moreWhat is the difference between Binance savings and staking?
However with staking, the coins are locked directly on the protocol and staking rewards are generated from validating transactions. For savings instead, the coins are locked with the exchange and the exchange uses it to generate rewards for savers.3 Kas 2021
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