8 New Assets Added to Binance Flexible Savings

Inclusion of 8 New Assets
What Do We Know About Binance Flexible Savings?

Binance recently shared a blog post on their official Twitter account. According to the post, Binance Flexible Savings will be getting 8 new assets. The new assets for the platform are BEL, RAD, DNT, RVN, LTO, UFT, OP, and JST.

Inclusion of 8 New Assets

Binance recently added BEL, RAD, DNT, RVN, LTO, UFT, OP, and JST to their Binance Flexible savings assets list. This arm of Binance is a value-added service for users who keep unused assets. You'll reach the total number of active subscriptions for some products at some point.

Some of the supported currencies, prizes, individual subscription limitations, and subscription restrictions are subject to modification by Binance Savings. The advertised APY is a forecast of the benefits you may expect to get in cryptos over the specified period. It doesn't show the current or expected APY in any fiat currency. The Binance team updates the APY regularly. So the predicted benefits may vary from those generated.

What Do We Know About Binance Flexible Savings?

Binance Flexible Savings functions like a cryptocurrency savings account. It lets you get interests in your crypto deposits. The system is adaptable, allowing you to withdraw your money. The exchange will estimate and share interest on Flexible Savings following the platform's rules. Users should know that the rules can change at any time. Also, the reasons for the changes depend on whatever option you choose. Binance Flexible Savings figures the interest based on your Flexible Savings products earned the day before. Then, it sends it to your wallet.

Flexible Savings previously gave a fixed incentive rate on all deposits. In the vaults of USDC, BTC, BUSD, and USDT, you can now get incentives depending on how much you deposit. Each coin gets divided into two or three layers. You'll get different interest rates when you deposit more money into Flexible Savings. BTC is presently rewarding all savers with a 0.5% incentive.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Crypto Trading Binance Flexible Savings Crypto savings account

8 New Assets Added to Binance Flexible Savings

Ify Egede

Ify is an experienced and versatile writer and researcher. He has have keen interest in blockchain technology, Bitcoin, cryptocurrencies, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.