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With Binance.US Staking, users can now earn rewards for supported chains by simply holding coins in their Binance.US account.
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Use the Auto-Subscription feature on Binance Earn to automatically subscribe your accrued interest, in order to earn compound interest. You can let Binance Savings take care of the process for you, or choose products that are simple to compound, like Binance Staking and Fixed Savings. The idea of compounding is nothing new.
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Earning interest on Binance USD is better than holding it in your wallet or exchange. This way, you can multiply your BUSD holdings. Many platforms pay interest daily, so you can even opt for short-term deposits and earn more on your Binance USD. You can earn interest as high as 13.3% on your BUSD deposits, which is far more than what banks offer on USD deposits.
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How do Tier APYs make Flexible Savings one of the best products on the market? 1. Improved gains for users. Everyone loves extra gains. With users seeing up to 6X more on their Tier 1 deposits, Binance is helping people earn even . 2. Market-leading APYs. 3. No-risk rewards.
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Therefore, investors can earn interest in Binance Coin (BNB). The interest earning service works by allowing you to earn interest on the BNB you deposited just like a savings account does at a bank. This is nothing new in the crypto world as you can earn interest on many other coins as well.
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In a nutshell, Binance allows you to earn interest when you deposit some of your cryptocurrency tokens into the platform. There are two main ways of doing this – on a flexible basis or by locking the digital assets away for a fixed amount of time. Naturally, by opting for the latter, you will benefit from a higher interest rate.