Binance, Exchanges

What Is Binance Flexible Savings?

Binance Flexible Savings is a new way to save and earn interest on your cryptocurrency. It’s a risk-free way to grow your crypto portfolio.

Here’s how it works:

You deposit your cryptocurrency into a Binance Flexible Savings account.

Your deposited cryptocurrency is then used to collateralize a loan.

NOTE: WARNING: Binance Flexible Savings is a high-risk product. Your funds are not insured and may suffer losses due to market volatility. You should thoroughly research the product and understand the risks before investing. Make sure you understand the terms and conditions of the product before investing and do not invest more than you can afford to lose.

The loan is used to purchase an underlying asset, such as a stablecoin or government bond.

The asset is then held in the account as collateral for the loan.

You earn interest on the loan, which is paid out in the form of the underlying asset.

To withdraw your funds, you simply repay the loan and receive your deposited cryptocurrency back.

It’s that easy! With Binance Flexible Savings, you can grow your crypto portfolio without having to take on any additional risk.

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