Summary

Not interested in trading but want to increase your cryptocurrency holdings? Don’t think the 0.05% annual yield (APY) offered by your local bank on your savings account is attractive enough? No problem, you’re bound to find what you like on Binance Finance.

Binance Finance is a cryptocurrency savings account. There are a variety of financial solutions to choose from that allow you to effectively use your cryptocurrency assets to earn passive income.

Introduction

The famous investor Warren Buffett has a famous saying:

“If you can't find a way to earn "income after sleeping", you can only work until you die. ”

Binance Banking is a great way to effectively utilize your funds and continue to earn while you sleep. There are many options to choose from, and we have made assumptions about the risk profile, time dimension and expected return of each option.

Whether you just want to stake Proof-of-Stake (PoS) tokens, lend your funds to earn interest, or safely deposit your assets into a DeFi service with Binance, we can help. Next, let’s take a look at what services Binance Finance offers.

What is Binance Finance?

Binance Finance is a complete set of financial products to help users increase their cryptocurrency holdings. You can think of it like a cryptocurrency savings account. This savings account allows cryptocurrency to create greater value than a regular savings account!

In the following, we will introduce the main categories of Binance Finance in detail to help you find the product that best suits your personal investment style.

Binance Savings Current

Binance Savings Savings Current creates interest income through deposited funds. It is very simple to use and gives users great flexibility. This product generates recurring income and supports deposit and withdrawal at any time.

If you have funds in your spot wallet, why not deposit them into Binance Savings? You can deposit and withdraw funds at any time and easily create income from idle funds.

Please note that interest will not accrue on the day you subscribe for Binance Savings current products, and the first interest will be calculated starting from the next day of subscription.

Binance Treasure Regular

The regular income of Binance Treasure is more Generous, but less flexible in depositing and withdrawing funds. The difference is that you need to predetermine the interest period for your funds. Why is it better to do it regularly? Because the term and interest rate of Binance Savings are fixed, its interest rate is usually higher than that of current Binance Savings.

The term of Binance Savings term products ranges from 7 to 90 days. Therefore, if you have money on hand that is certain to be idle for a period of time, you can lock it up and enjoy a higher annual rate of return.

Activity

The activity is on the "Activity" page card Special events that arise from time to time. Such products usually have an upper limit on supply and must be purchased as soon as possible. The rate of return is even higher than the conventional income from regular financial management.

Other than that, these loan products are very similar to term financing. However, such events do not happen often. If you can stick to their schedule, you can get higher rewards. Don’t forget to pay close attention to announcements so you don’t miss out on exciting events!

Staking

Just hold the proof-of-stake tokens in the spot wallet , you can earn staking rewards through the assets you hold - this method is great and the operation is very simple. However, another option creates higher staking rewards.

If you lock PoS tokens for 7 to 90 days, you can get more generous rewards. Its essence is the same as Binance Savings current and fixed term, but it only creates income through staking.

In addition, some tokens also support current lock-up, and funds can be deposited and withdrawn at any time during the staking process.

New coin mining

I believe you may be interested in Binance Launchpad Heard something. It is a token issuance platform where promising projects can be funded by Binance’s user base through Initial Exchange Offerings (IEOs). In addition, liquidity mining (also known as "profit mining") is also a hot topic, that is, users lock funds in a liquidity pool and participate in the mining of new tokens.

What will be the result if IEO is combined with liquidity mining? New currency mining is the product of the combination of the two. You can stake BNB, BUSD, and other cryptocurrencies to share in new tokens launched by Binance. Sometimes, tokens will even go live on Launchpad and new coin mining at the same time.

Mining new coins is a great way to earn passive income because the cost of acquiring new coins is simply the opportunity cost of staking existing coins. Tokens can be redeemed at any time during the event.

➟ Want to start your cryptocurrency journey? Welcome to Binance to buy Binance Coin!

Asset Management

In the "Asset Management" page card, you can view More advanced savings products. Don’t worry, these products are also easy to use. Let's see how they work.

Binance Liquidity Mining

Binance Liquidity Mining is a special type of transaction in which assets are traded based on mathematical formulas Pricing, not the order book. If you have read the article introducing Uniswap, I believe you will have an understanding of how this liquidity protocol works. Automated market maker (AMM) is another name for it.

Binance Liquidity Mining is operated by Binance and has certain similarities with other AMMs such as Uniswap and Curve Finance. This method is easy to operate and supports fast transfers between stablecoins and other assets, while enjoying low fees and sliding spreads.

That’s great, but what does it have to do with managing money? Well, similar to Uniswap and other AMMs, you can also become a market maker. Simply deposit one (or more) of the supported stablecoins and start earning interest. In fact, the returns brought by this method are even higher than other Binance financial products.

Dual Currency Investment

No matter what the market trend is, Binance Dual Currency Investment is profitable Excellent way. This product can maximize financial returns while minimizing the risk of price changes. How does it work? Let’s take a quick look.

This method involves depositing one cryptocurrency in a dual-currency investment and earning returns on both assets at the same time. You need to invest a certain amount of assets to lock in a rate of return. As the value of the invested assets continues to increase, the income during the lock-up period will also increase.

In short, this is a risk control method. For more information, please read the Binance Dual Currency Investing Quick Start Guide.

BNB Super Mining

BNB Super Mining Mine is a BNB income aggregator that integrates Binance Savings, BNB DeFi mining and new currency mining to create the best annual yield returns for users. It's very easy to make money using BNB Super Mining.

After staking BNB, you will receive BNB super mining assets. Interest will be calculated from the next day, and rewards will be distributed to personal accounts on a daily basis.

Funds can be redeemed at any time through two methods: fast redemption and standard redemption. The former allows users to redeem BNB on the day of request, but will lose the accrued interest on that day. Standard redemption is to return the funds on the next day, and the accrued interest on that day will still be paid to the account normally.

Summary

Okay, the above is how to earn passive income Many options! Earning income with Binance Savings has never been easier, and the benefits can be substantial. Binance Financial Management allows users to choose financial products based on their investment style, and enjoy the benefits after investing!