Is staking safe on Binance?

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.

The primary benefit of staking is that you earn more crypto, and interest rates can be very generous . In some cases, you can earn more than 10% or 20% per year. It’s potentially a very profitable way to invest your money. And, the only thing you need is crypto that uses the proof-of-stake model.

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.20 Ara 2021