Binance Savings continues to offer attractive new services to its clients. Now, launch new products to save with interest rates of up to 18% per year. Yes, we know, it is a great opportunity!
Binance Savings and its new products!
In case you don’t know, Binance Savings is an option offered by the crypto exchange to allow its clients to earn income passively. How is that? As it resembles a savings account in a traditional bank, the difference is that Binance offers you super attractive interest rates.
Therefore, it really doesn’t matter if you are a professional trader, a hodler or if you are just entering the world of cryptocurrencies, you can earn passive income!
As I mentioned earlier, it resembles a savings account. In this sense, you lend your money and in return you get interest.
What makes Binance special is the diversity of products it offers, its interests and how easy it can be to participate.
Launch of phase number 23
Binance Savings is continually evaluating new cryptocurrencies to back them up as loan products and this is precisely the case.
Yesterday Binance announced the launch of the 23rd product phase at Binance Savings. These releases are special for a reason: They offer incredible interest rates!
The launch on Binance was made on 06/18/2018 at 12:00 p.m. (UTC), when they made savings products available with a fixed term of 30 and 90 days.
A very important aspect is that the subscription format for these products is on a first-come, first-served basis, and another very important detail is that the interest will be paid when the stipulated term expires.
Now what are the launched products?
- STPT cryptocurrency, for 30 days with an interest rate of 5%
- STPT cryptocurrency, for 90 days with an interest rate of 18%.
- ARPA cryptocurrency, for 30 days with an interest rate of 15%
At the time of writing, Binance’s offer of the 3 products was completed. This time, the product most demanded by the clients of the crypto exchange was that of the cryptocurrency ARPA, where an amount of 9,020,000 ARPA was invested, being approximately 130 thousand US dollars.
conclusion
The options that Binance offers to obtain passive income are quite interesting. Especially when you are starting in the world of cryptocurrencies and you want to make profits but you do not know very well how.
Also, in the current economic context, I don’t think there is such a simple investment option with such a return.
It seems that saving with Binance is a good option, what do you think?
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