Topic: Binance Savings - page 3. (Read 607 times)
Too much risk for a measly 5%. Centralized, glitchy, KYC-prone exchange pawning off your bitcoins to some nebulous "activities", what could possibly go wrong.
Nope i haven't tried it either. I don't too like to "lock" my money on their savings because how if bitcoin or other currency price skyrocketed suddenly? I can't sell my money because it still locked on there and i will miss the big chance to sell on the peak.
Better safe than sorry, don't easily believe with other kind of investment which telling you they will give you bigger return than binance. IMO i don't think the %return from binance is small tbh.
Better safe than sorry, don't easily believe with other kind of investment which telling you they will give you bigger return than binance. IMO i don't think the %return from binance is small tbh.
I haven't tried using Binance's or any other platform that provides yield. Why? I'm not a fan of handing over full custody of my coins to an exchange or any other platform. Due to the simple fact that exchanges get hacked, and while them locking up user's accounts aren't that common, it's still a lot more common than most people think and I definitely wouldn't want to be a victim of that.
I'm not totally against these kinds of services though. Just remember to not allocate 100% of your holdings, keep the risks in mind, and don't be surprised if something bad happens to your account and your funds.
I'm not totally against these kinds of services though. Just remember to not allocate 100% of your holdings, keep the risks in mind, and don't be surprised if something bad happens to your account and your funds.
Does anyone use Binance saving account? They pay interest over bitcoin and altcoins held on your account there, although the rates for bitcoin are insanely low in flexible savings category, while in activities category the rates are decent. Unfortunatelly as I see the second category is unavailable.
Do you have experience with this kind of investment there? Were you able to join the activities category investment? What is your review about it? Or are there another solid platform offering better options?
Do you have experience with this kind of investment there? Were you able to join the activities category investment? What is your review about it? Or are there another solid platform offering better options?
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