Forex - Trade

Does Binance Pay Interest?

Most people still argue about whether investing in crypto is a risk worth taking. Well, crypto technology is changing how we view money. When Bitcoin was launched back in 2009, most people compared it to a Ponzi scheme. However, as of today, the value of Bitcoin has risen from $100 USD back in 2009 to around $40,000 USD.

Most of the early investors are now profiting from the risks they took on the crypto coin. For instance, did you know that you can get bnb interest from your bnb savings? The success of Bitcoin has triggered the development of other types of crypto coins known as altcoins. Other coins that have also been added to the crypto market are stablecoins. Stablecoins are crypto coins pegged to a specific asset.

What is BNB?

Binance is one of the biggest crypto exchange platforms. The exchange platform has its own cryptocurrency, which is known as Binance coin or BNB. Binance created BNB to make crypto trading cheaper.

BNB is designed to be used on Binance’s platform. However, it is also listed on other crypto exchange platforms. If you use it outside of Binance, you will not enjoy the cheaper transaction fees.

YouHodler Crypto Earning Platform

YouHodler is a crypto wallet service provider. However, aside from offering safe and secure storage, YouHodler offers other excellent services. You can earn free crypto from your savings. How so?

YouHodler offers an APR of up to 12% on your crypto savings. This means that you can earn binance compound interest if you store your BNB coins on YouHodler. As such, your crypto savings will be earning you extra coins without you having to sell any of them.

YouHodler Crypto Loans

You can also get loans in crypto or fiat currency from YouHodler. Ideally, you can leverage your bnb savings and use them as security for your loan. The loan terms are more manageable compared to what regular banks offer.

For instance, if you request a fiat currency loan, you will have the money deposited straight into your bank account. The main idea here is to allow you to hold on to your crypto savings without having to sell.

Binance Exchange

As mentioned earlier, Binance is one of the biggest crypto trading platforms. They also offer wallet services on their platform, but we do not recommend you using the wallet services offered on exchange websites. You do not get complete control of your crypto savings and stand to lose everything if the exchange platform goes down.

Binance doesn’t encourage people to move their bnb savings to other platforms. However, if you’re moving them to a crypto wallet such as YouHodler, the extra transaction fees are worth it. You can allow your bnb to earn interest.

Bottom Line

Investing in crypto has its fair share of risks. However, you stand to earn massive profits from services such YouHodler. The good thing is that you do not have to sell your crypto at any time. Most crypto investors often rely on crypto trading on platforms like the bitcoin up official website to make profits. However, the markets may not always be in your favor.

Also Read: 4 Tips to do Successful Affiliate Link Building

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