Binance Holding Coins to Earn Interest: Earn Interest While You Sleep
Binance's holding coins to earn interest is a feature of 'depositing coins to earn interest.' You deposit the coins, don't have to worry about them, and receive interest automatically every day, similar to putting money in a bank to earn interest, but generally with higher returns.
How to do it?
1. Open the Binance App and click on [Wealth Management] or [Make Money].
2. Choose a product, such as flexible (can withdraw anytime) or fixed (higher locked-in returns).
3. Deposit the coins and wait to collect money; interest is credited daily.
Benefits and Experience
It is especially suitable for those who have idle coins and do not want to fuss about, much better than keeping them in a wallet. For example, depositing USDT can yield an annualized return of 5%-10%, which is significantly higher than banks. I find it quite hassle-free, especially the flexible option, where you can deposit and withdraw as needed without delays. The fixed option offers higher returns, but requires a longer lock-up period. Overall, it is a lazy investment method that guarantees profit without loss.
#SoftStaking
