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Binance offers a tool called Binance Savings that lets customers earn interest on the cryptocurrencies they own. Binance Savings come in two varieties: Locked Savings and Flexible Savings.
Users can deposit bitcoin and earn interest with Flexible Savings, all while maintaining access to their money.
In order to receive a greater interest rate using Locked Savings, consumers must lock their bitcoin for a predetermined amount of time.
Numerous cryptocurrencies are supported by Binance Savings, and the interest rates differ based on the kind of savings account and the coin.
Bitcoin investments are not completely safe, even though Binance Savings provides a chance to earn interest on bitcoin holdings.
Users can deposit bitcoin and earn interest with Flexible Savings, all while maintaining access to their money.
In order to receive a greater interest rate using Locked Savings, consumers must lock their bitcoin for a predetermined amount of time.
Numerous cryptocurrencies are supported by Binance Savings, and the interest rates differ based on the kind of savings account and the coin.
Bitcoin investments are not completely safe, even though Binance Savings provides a chance to earn interest on bitcoin holdings.
