Tag: Can you lose money staking on Binance?

From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period, the staking interest is distributed on a daily basis . Also, users can choose to redeem in advance.

Whereas flexible saving choices provide incentives on a daily basis but at a low rate of return, locked savings or staking would typically provide a greater rate of return when you fulfill the “lock-up” duration .

The returns on staked crypto are higher than those on a traditional savings account , and volatility works both ways, so there’s also a chance that staked coins could increase in value over time.

As for the fees of course Binance take a few for that they always take a few for everything you do on that app. 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.