Binance's 7-day APY Flexible Savings Account allows you to withdraw your deposits at an annual rate of return.
Famous cryptocurrency exchange Binance It also allows you to deposit Bitcoins to earn annual interest. Binance savings account with 1.2% annual return (Interest yield is recalculated daily) or if you have other coins. There are many ways to deposit interest.
If you want more information about what is required for a deposit or investment? This post has the answer.
How much interest is earned on a Bitcoin deposit?
For depositing Bitcoin for interest the Binance way you will earn an average annual return of 1.2% at the APY (Annual Percentage Yield) interest rate, which can fluctuate at any time depending on your Bitcoin needs.
Interest will automatically start being credited to your wallet from the 2nd day of your bitcoin deposit. Withdraw Bitcoin from your Savings Account anytime. Only the amount of interest to be received will expire on the date of withdrawal. and have to start counting interest again
While other Cryptocurrency Interest can be stored in the form of Locked Savings as well or as long-term interest deposits. With 7-day, 14-day, 30-day, 90-day options, the interest rate will be higher. but unable to withdraw money during that time. Including interest deposits in Locked Staking or similar deposits. DeFi Farming What coins do you keep? will receive a coin return which also has a high interest rate.
Read also : 2 Ways to Earn Interest In Crypto
Binance Flexible Savings 7 day APY
Deposit Bitcoin, earn interest on Binance, it's not as hard as you think!
- Select Transfer Bitcoin from your other wallet to your account.
- Select BTC Bitcoin coin and press deposit.
- Select the Network according to your wallet that contains Bitcoin. Available in BTC, BEP2, BEP20(BSC), BTC(SegWit).
- Fill in the address and Memo in the bag correctly. and select the amount of BTC to deposit to Binance
That's a brief discussion about APY's 7 Days Binance Flexible Savings Account, hopefully it's useful.