If you’ve been researching how to invest in cryptocurrency or build your portfolio, you’re probably aware that it takes buying and selling crypto coins to invest in them. However, what you may not know is that there are ways to keep your coins and still get free money from Binance! In this article, we’ll cover everything you need to know about the Binance Saving program so you can start earning free money on Binance today.
How to Earn Free Money on Binance?
Binance is one of the leading cryptocurrency exchange platforms in the world where you can buy, sell and exchange cryptocurrencies. Being able to earn free money on Binance might sound too good to be true, but Binance actually offers monthly incentives to its users through its “saving” program. Binance offers high-yield saving which is available on
Flexible & Locked Savings (eg. AXS, CAKE, DREP, CHZ, SAND, APE, BNX, WAVES, QTUM, ZEN, ZRX…)
What is the Binance Saving Program?
As we’ve briefly covered above, the Binance incentives program is referred to as the “saving program.” In this program, Binance users are allowed to earn free tokens by depositing them in their Binance wallets. What’s great about the Binance saving program is that it doesn’t require you to sell your crypto assets. Instead, it only requires you to keep your tokens in your Binance wallets. You can withdraw the tokens to trade or withdraw them at any time. This makes the Binance saving program a very attractive way to earn free tokens.
What are the benefits of Savings compared to traditional banks?
- Binance Savings is free: The first and most obvious benefit of Binance savings is that it’s completely free to use. While traditional banks do offer savings plans, they often charge high-interest rates and have strict rules. Binance savings, on the other hand, is completely free to use.
- No time constraint: Another advantage of Binance savings is that you don’t have time when to withdraw your savings. Traditional savings accounts have time constraints, such as a 6-month term, and require you to withdraw your money after that time period. Binance saving accounts, on the other hand, can be kept in your Binance wallets for as long as you want with no time constraints.
- No risk of losing your money: Yet another advantage of Binance savings is that you don’t risk losing your money. Traditional savings accounts come with high risk and low liquidity. This means that it may take you a long time to withdraw your money from your savings account and you might even lose some of your money. Binance, on the other hand, is a high-liquidity exchange with low risk. This means that it’s easy to withdraw your money from Binance and you don’t risk losing it.
- Binance offers different types of saving: Locked savings and Flexible savings are available to you. you can choose the type of savings that suits your needs.
- Binance offers multiple tokens: One more advantage of Binance saving is that there is a different types of tokens that you can invest in, not like other exchanges that require you to save only their own token. Binance has around 170 tokens available in the saving program.
Locked savings vs. Flexible savings:
Locked savings are just like normal savings accounts and have a fixed amount of time to allow you to earn the best percentage of interest. For example, the 6-month locked savings program allows you to earn up to 50% annual return. This means that you’ll earn 50% of your initial deposit after 6 months. You need to keep in mind that you can only withdraw money from your locked savings after the specified period ends. Once the period ends, Binance will automatically transfer the funds to your Binance wallet. Binance’s flexible savings program, on the other hand, allows you to withdraw your money at any time. However, this also means that you’ll earn a lower percentage of interest. The flexible savings program earns you a return of up to 20% annually.
How does Savings on Binance work?
First off, you need to make sure that you’re logged into your Binance account. Once logged in, click on “Earn” and then click on “Saving”. This is where you’ll be able to deposit your tokens and start earning free money on Binance.
Chose the coins that match your assets and click on Subscribe.
You will get a screen to let you enter the amount you would like to save and a preview of the estimated interest that you will get per day. you should read the Binance Savings agreement and confirm your subscription.
By these two simple steps you are now saving your coins of choice and you will start earning money while you sleep. Always check the Binance Saving Limited time offers through this link, they post great offers for first-time savers so often.
Conclusion
If you’re looking to diversify your investment portfolio, you can use Binance’s saving program to earn free money on Binance. This is a great way to get started with cryptocurrency investing without having to buy and sell coins.