Are you familiar with Binance wealth management? Maybe! 🤔 You might not be familiar! Let me take you through four different wealth management plans!
Since last year, I have put some USDT into Binance wealth management as a way to enhance my daily cash flow. Now that I calculate it, not only have I steadily earned some returns, but it's also more flexible and transparent than traditional wealth management products.
Product features, returns, which type of people are suitable? Ultimately, what matters most in wealth management is whether it suits you; choose options that match your own funds, let's take a look at several ways of Binance wealth management 👇
1、Regular savings
a、Product features: Withdraw anytime, daily interest settlement, annualized returns fluctuate, generally around 2%~5%;
b、Suitable crowd: Investors seeking flexibility, daily fund management, 'transition funds' while waiting for market entry opportunities;
c、My experience: There was a time I planned to buy the dip on BTC, but the price never reached my target. During that time, I put USDT into regular savings and earned a little every day, which was a nice bonus. Later, I directly withdrew it from the wealth management interface, which was not troublesome at all.
2、Fixed-term savings
a、Product features: Lock-up period ranges from 7 to 90 days, with returns higher than regular savings, annualized returns can reach 6% or even higher;
b、Suitable crowd: Idle funds that do not need to be used in the short term; stable investors;
c、My experience: Last year, I locked USDT for 30 days at an annualized rate of 6%, and the earnings were directly credited to my account upon maturity. This product is very suitable for someone like me who is a 'lazy' investor—no need to monitor the market, no operations needed, just wait for the returns.
3、Dual currency investment
a、Product features: Combine two currencies (for example, BTC and USDT), and settle returns based on market prices at maturity, with very high annualized returns (even >10%)
b、Suitable crowd: Those with the ability to judge coin prices, advanced users willing to speculate.
c、My experience: I once used dual currency investment to bet that BTC would not break a certain price, and it really didn't break. I received about 10% annualized returns at maturity, which was very nice. But there was also a time when BTC broke the price I set, and the settlement was in BTC. Although I didn't lose, I still had to convert it back later, which was a bit of a hassle.
4、Regular step-up yields
a、Product features: Large amount funds have step-up yields, the more you hold, the higher the returns, supporting mainstream stablecoins like USDT/USDC/FDUSD, etc.
b、Suitable crowd: Large stablecoin holders, institutional accounts, on-chain arbitrage users
c、My experience: Binance recently launched the USDT/USDC step-up yield Boost event. I tried transferring some funds in batches and found that the returns within 50K were quite considerable, far better than leaving it in a wallet to gather dust. It's especially suitable for those who have a large amount of idle funds in the short term. Personal view:
1️⃣ Small flexible funds → Regular savings
2️⃣ Planned short-term idle funds → Fixed-term savings
3️⃣ Market judgment + willingness to take some risks → Dual currency investment
4️⃣ Large coin holders → Regular step-up yields can be prioritized
