Why use Binance Crypto Banking?
Because you can make money as long as you hold cryptocurrency. It is the most mindless and easy way to make money in the crypto. It can also be regarded as a passive income from cryptocurrency. Regardless of whether you want to hold it for the medium to long term or make money in the easiest way, you should not miss.
What is cryptocurrency financial management?
In exchanges, the names of this function are usually "Financial Management", "Earning Coins", "Finance", etc. The name in Binance is Financial Management.
Most financial management services have current products with no expiration date. You can earn profits by leaving them for just one or two days. As long as you have idle funds in the exchange, you can put them into the financial management function to earn passive income and improve capital efficiency.
If you want to hold cryptocurrencies for a long time, of course you shouldn’t miss it; even if you only have a few days between transactions, you can also invest in financial management to earn extra income. The financial management functions provided by cryptocurrency exchanges are beneficial to almost everyone, and they are the best choice in the crypto. One of the functions that everyone must know and learn.
There are many exchanges that provide cryptocurrency financial services. This article uses the current leading exchange Binance as an example to illustrate and teach.
Is Binance Money a scam? Is it a Ponzi scheme? Where does the revenue come from?
But if you click on a phishing website and register for fake Binance... so be sure to register & operate on the correct website.
Binance Binance-Leading Cryptocurrency Exchange
Daily Binance x Binance recommended registration code: 11500258
This Binance invitation code has no time limit. Use this discount code to register an account and get 20% free of charge forever!
What are the sources of income in Binance Finance? Is it a Ponzi fund scam?
Wealth management products are basically divided into current and fixed deposits. Interest is paid every day. Current deposits are the same as bank deposits and can be withdrawn at any time without any impact; fixed deposits are similar to bank fixed deposits. Withdrawal in advance will not affect the principal but will result in the loss of what has been received. Interest.
The income sources of the two are different, but the same thing is that they both authorize the exchange to misappropriate assets and use the assets for other operations.
Sources of income from financial management current products:
In the capital market within the exchange, contracts are opened to set the capital rates for leveraged users, and the exchange is authorized to lend coins to these users to earn interest. Current deposits can be withdrawn at any time without affecting the principal and income, but when the market is extreme (the liquidity in the market is exhausted and there is no currency to withdraw), you may have to wait.Sources of income from financial regular products:
Mainly used to stake on the chain to earn block rewards, some of which come from Binance’s marketing budget. If you want to withdraw the fixed-term product early, you need to wait for one to two days for the unlocking period. The principal will not be affected but the interest will be lost.
The source of income is generated by market mechanisms and does not come from the funds invested by the next user. Cryptocurrency financial management is not a Ponzi scheme.
Are Cryptocurrencies a Ponzi Scheme? 2 Warning Signs to Identify Ponzi | 3 Tips to Crack the Scam
Binance Financial Management Basic Operation Tutorial
To operate the web version, just click on Financial Management above:
In the mobile app, first click on the upper left corner to bring up the function menu and then scroll down to find financial management:
Financial management, HODL & EARN, and earning money here are just different entrances on the interface, and they can all be connected to the same list of current and fixed-term products.
The list will detail which cryptocurrencies are available, fixed or current, and the current annualized rate of return. Just click on the currency you want to manage your money.
Three considerations are illustrated using three different cryptocurrencies:
Cryptocurrency financial products with different maturities
For example, BNB financial management in the picture has various terms, 15 days / 30 days / 60 days / 90 days. The longer the term, the higher the annualized return rate, and the minimum subscription amount will also be slightly different.
Regardless of the regular demand interest, it is basically paid out every day, but you must remember two points when choosing a regular product:
If you withdraw early, you will have to wait for 1-2 days for the lock-in period.
If you withdraw it early, you will lose all distributed interest (deducted from the principal withdrawn)
Cryptocurrency financial products with tiered rewards
Financial products commonly found in stablecoins. The picture shows the USDT current deposit, with an instant APR of 11.16%. For the 0-500U part, there is an additional graded APR plus 7%.
If you deposit 1000U, 500U will enjoy a total of 18.16% APR, and the other 500U will be calculated at 11.16%.
Cryptocurrency financial products with limits
In fact, there is a limit, but the limit is usually very high, far beyond the scope of petty bourgeoisie's funds, and can basically be ignored. However, some high-interest term products will limit a limit that is not too high, and even petty bourgeoisie can easily meet the limit.
This kind of limit high interest, or tiered high interest, can be understood as a marketing incentive activity by the exchange to attract new users and new funds. It will provide a return rate higher than the market price. If you notice it, you can participate as soon as possible.
Cryptocurrency Financial Management Tips
The rate of return fluctuates - it may be 10% now, 8% tomorrow, and 16% the day after tomorrow.
Income is calculated every minute and distributed every day - so there is no need to worry about fluctuations in the rate of return, it is calculated and accumulated based on the moment and distributed once a day.
The financial management function is to earn coins. You can earn coins by investing in them. This is usually the case. Occasionally during special events, you can invest A coins to earn B coins. In most cases, you can invest A coins to earn A coins. This can effectively increase your investment. The number of coins held.
You can turn on automatic subscription, so that the interest is automatically reinvested to achieve compound interest - remember to turn this function on. People often ask why the assets in the exchange wallet are missing? I was put into financial products because I turned on automatic subscription but I forgot about it.
Why You Shouldn’t Miss Cryptocurrency Financial Management?
This is a type of passive income that is relatively stable, easy, and low-risk.
You can earn coins simply by holding them, enjoy the rise in currency prices while also increasing the number of coins you hold, and making profits as a multiplier.
The term is flexible, it can be current or fixed-term, and it can be allocated according to your own capital situation to improve the overall capital efficiency.
The prerequisite is that you must first register a cryptocurrency account:
Daily Binance x Binance recommended registration code: 11500258
This Binance invitation code has no time limit. Use this discount code to register an account and get 20% free of charge forever!
And there must be coins in the exchange account:
What other cryptocurrencies are there for passive income?
If you want to make money through cryptocurrency, the most direct way is to trade and earn the price difference, but after all, this requires trading skills and timing, and the risk is higher.
If you want to choose a low-risk passive income method to earn coins without trading, the exchange current and fixed-term products introduced in this article are the simplest and easiest. Other methods, except for pledging or lending on the exchange, are beginning to become more difficult. , you need to use a cryptocurrency wallet to perform on-chain operations, which is more difficult and risky, but will also have a better return rate.
This article has compiled nine ways to make money without trading. Those who are interested can refer to:
Exchange live deposit: Earn interest on deposits at CEX
Lending: Lending cryptocurrency to others and earning interest
Mining machine mining: invest computing power to obtain block rewards
Staking: Another form of mining, locking cryptocurrency to obtain block rewards
veToken earns income distribution: a more risky type of staking to earn coins
Liquidity mining: Earn coins by providing liquidity in DEX (on-chain decentralized exchange)
Airdrop: usually a marketing reward for new coins
IEO: Exchange new currency activity - mining or buying coins at a preferential price
LSD: Liquidity pledge, using pledge certificates for secondary operations
▌Let’s discuss various ways to earn coins. Welcome to join the Daily Biyan Chinese exchange group !
