📢 Binance Earn: Fixed Income in the World of Cryptocurrencies!
Today we will explore an incredible feature that Binance offers: Binance Earn, a solution that resembles fixed income.
Is it worth it? Let's understand how it works and what the best strategies are to take advantage of this application. 👇
1️⃣ What is Binance Earn:
It allows you to invest cryptocurrencies in different earning modalities, offering a variable yield depending on the time you keep the applied coins.
👉 There are two main models:
✅ Flexible: withdraw at any time and receive daily earnings. However, the yield is lower.
✅ Fixed Term: The yield increases the longer you keep the invested coins (15, 30, 60, 90 days, etc).
2️⃣ How does the Fixed Term model work?
By opting for the fixed term, you agree to keep your applied coins for a determined period. The longer you invest, the higher the yield percentage will be.
💡 Important: If you need to redeem the amount before the term, you can do so, but you will lose all the accumulated yield up to that moment.
3️⃣ My experience:
Currently, I use the flexible model for all my coins. I like having the freedom to withdraw, sell, or convert quickly, even knowing that the yield is lower.
👉 I have tried the fixed term model, but I needed to make early redemptions and lost the earnings. I prefer to accept smaller gains than risk losing all the yield in such a volatile market as cryptocurrencies.
4️⃣ Tip for investors:
✅ Analyze your profile and financial objective before choosing between the flexible model or fixed term.
✅ The flexible model is ideal for those who prefer liquidity and flexibility.
✅ The fixed term can be interesting if you are sure you won't need to move the coins..
