What is Flexible Savings on Binance Earn?
Flexible savings is a service provided by Binance that allows you to deposit your cryptocurrencies (such as USDT, BUSD, BNB, and many others) and earn daily interest on them. It is called "Flexible" because it allows you to withdraw your funds at any time, unlike locked savings that require you to lock your funds for a specific period.
Think of it as a savings account for cryptocurrencies, where you can earn passive income while your assets remain available to you whenever you need them.
How does it work?
Choose the currency: You choose the cryptocurrency you want to deposit (it must be supported by Binance Earn for flexible savings).
Subscribe: You transfer the amount from your Spot Wallet to the flexible savings wallet.
Start earning interest: You start earning interest the day after subscribing, and interest is distributed daily to your Earn wallet.
Flexible withdrawal: You can redeem your funds at any time. The amount is usually returned to your Spot Wallet within minutes or a few hours (typically on the same day).
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