Is Binance earn safe?

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

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What is Binance Coin used for?

The coin is used as a utility token for the Binance exchange and allows users to pay for transactions and trading fees at a lower rate than they would be with other tokens. Binance uses the process of token “burns,” meaning they use the profit from token sales to repurchase more BNB and then burn (destroy) them.27 Eki 2021

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How does Binance Coin make money?

Binance makes money from trading fees, interest on loans, fees from its broker program, spreads, cloud offerings, interchange fees, mining services, and profits from investments . The platform also used to also generate income via listing fees from the launch of new crypto tokens.

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