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How to Earn Interest on Binance - Ultimate Guide Jean Galea
Earning staking rewards on Binance.us is extremely easy. All you need to do is meet the minimum holdings requirement for the cryptocurrency you want to earn interest on and keep it in your account. For example, Algorand only requires you to have at least 2 ALGO on your Binance.us account to start earning 8-10% interest per year on it.
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The Binance earn interest program has two types of savings: locked and flexible. Both will earn you some good interest, but it is important that you understand them well before making a decision. Locked savings – Whether you go for USDT locked savings, any other altcoin, or just stick to BNB, locked savings offers the best Binance earn interest on the market.
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Start Earning Interest Once your interest account receives Binance Coin, the interest accruals will begin automatically. You will earn up to 8% interest on Binance Coin depending upon the interest account provider you choose. Why Earn Interest on Binance Coin? Earning interest on Binance Coin is far better than keeping it idle in a wallet.
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How do Tier APYs make Flexible Savings one of the best products on the market? 1. Improved gains for users. Everyone loves extra gains. With users seeing up to 6X more on their Tier 1 deposits, Binance is helping people earn even . 2. Market-leading APYs. 3. No-risk rewards.
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In a nutshell, Binance allows you to earn interest when you deposit some of your cryptocurrency tokens into the platform. There are two main ways of doing this – on a flexible basis or by locking the digital assets away for a fixed amount of time. Naturally, by opting for the latter, you will benefit from a higher interest rate.
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Earning interest on Binance USD is better than holding it in your wallet or exchange. This way, you can multiply your BUSD holdings. Many platforms pay interest daily, so you can even opt for short-term deposits and earn more on your Binance USD. You can earn interest as high as 13.3% on your BUSD deposits, which is far more than what banks offer on USD deposits.
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