Advice

Can I save money on Binance?

Can I save money on Binance?

Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time. On the day of subscription, Binance Savings will deduct the funds for subscription from your exchange wallet. After subscribing, you will receive Flexible Savings assets.

What is 7 day APY in Binance?

The seven-day yield is a method for estimating the annualized yield of a money market fund. It is calculated by taking the net difference of the price today and seven days ago and multiplying it by an annualization factor. Since money market funds tend to be very low risk, the higher the seven-day yield the better.

Which coin should I buy?

Uphold

  • Bitcoin (BTC) Market cap: Over $1.08 trillion.
  • Ethereum (ETH) Market cap: Over $557 billion.
  • Binance Coin (BNB) Market cap: Over $104 billion.
  • Tether (USDT) Market cap: Over $73 billion.
  • Solana (SOL) Market cap: Over $64 billion.
  • Cardano (ADA) Market cap: Over $52 billion.
  • XRP (XRP)
  • U.S. Dollar Coin (USDC)
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How much does it cost to trade on Binance?

Trading Fees Binance does charge a 0.1\% fee for trading on the platform, meaning that your price will depend on the amount of the trade you make. The higher the transaction, the higher the fee.

How can I avoid paying fees on Binance?

If your location does support wire transfers, you can use them to avoid paying purchasing fees. There are no fees when depositing crypto assets on Binance with Bitcoin (BTC), Tether (USDT) and Ethereum (ETH). You will first need to exchange your fiat for crypto and then make your deposit.

How to earn interest on Binance savings?

Once you’ve registered your account on Binance you can navigate to “Finance” on the top menu bar, and you can find Binance Savings from the drop-down as the first option. Before you do that, don’t forget to buy the crypto on the Binance exchange which you want to use to earn interest.

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How much does it cost to deposit Crypto on Binance?

There are no fees when depositing crypto assets on Binance with Bitcoin (BTC), Tether (USDT) and Ethereum (ETH). You will first need to exchange your fiat for crypto and then make your deposit.