How are you, Binance Traders?
Have you heard about Fixed-Term deposits in banks? They generate between 5 to 10% annually.
Many people in the traditional world place their money in fixed-term deposits, and during that time, they cannot touch their money.
On Binance, we have a tool that allows us to do the same, and even earn more returns on our capital.
Let's talk about Passive Income using the EARN - Simple Earnings tool.
There are 2 ways to generate interest with your money on Binance using this tool.
- Putting your money in Flexible Stake:
It generates daily interest on your capital, without locking up your money, up to 11.90% in FDUSD.
💰 What advantages does it offer?
Total flexibility: Withdraw your funds whenever you wish, without time commitments.
Daily rewards: Receive interest every day, allowing you to see your assets grow steadily.
Diversity of cryptocurrencies: Available for a wide range of cryptocurrencies, including BNB, USDT, BTC, among others.
Simplicity: You don't need advanced technical knowledge; Binance takes care of the entire process for you.
- Putting your money in Locked Stake:
It is a way to generate passive income on Binance, where you lock your cryptocurrencies for a fixed period (for example, 30, 60, 90, or 120 days) in exchange for higher rewards compared to flexible staking.
During that time:
You cannot sell it.
You cannot transfer or withdraw it.
You can only wait for the period to end to recover it with the rewards.
Recommendations from my side:
If you are going to place your money in Stake to generate returns, do it with $FDUSD
It is a stablecoin and has parity with the dollar, so your money does not fluctuate in value like volatile cryptocurrencies.
So you will only see positive returns, although BNB and other Altcoins generate more returns when locked, fluctuating in value.
$FDUSD
