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 moreIs Binance savings guaranteed?
11.Am I guaranteed to earn interest on Binance Savings products even if the crypto markets go down? Yes. The interest rate on each product is guaranteed .
Read moreWhat is Binance saving?
Binance Saving is a Lend and Earn service on the Binance Earn platform . With Binance Savings, you can apply for the Flexible Savings or Locked Savings and your investment earns you daily interest.
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 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 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.
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