Is it safe to earn interest from Binance?

[Hate2Wait]

Binance is one of the popular platforms through which we can receive crypto payments and can also use those earnings to earn interest but I would like to know if it's safe because what if they ran oven night without paying us back.

 

[riberet19]

Binance is one of the popular platforms through which we can receive crypto payments and can also use those earnings to earn interest but I would like to know if it's safe because what if they ran oven night without paying us back.

I don't think that Binance, being the biggest exchange in the world, is going to allow something like this, but well, anything can happen in the crazy world of cryptocurrencies, so you can always stake other cryptocurrencies on-chain and not have your coins in a exchange

 

[nomad]

I earn staking rewards but I don't think there is such thing as 100 percent safety if you use centralized exchange.

 

[Shavkat]

I had known a vlogger claiming to be safe doing it. But I am skeptical because she is not that active blogging on YouTube now. I wondered what happened to her.

 

[iyanpol12]

I think it is still safe but I'm not doing staking or earning some interests there. What I do is Spot and Futures trading.

 

[Magnus2022]

Binance is the best cryptocurrency exchange in the world now. I believe is relatively safe to invest in Binance but you know that no investment is 100% safe.

Post automatically merged: Jan 29, 2023

Binance is the best cryptocurrency exchange in the world now. I believe is relatively safe to invest in Binance but you know that no investment is 100% safe.

Post automatically merged: Jan 29, 2023

Binance is the best cryptocurrency exchange in the world now. I believe is relatively safe to invest in Binance but you know that no investment is 100% safe.

 

[Suba]

Binance is the biggest exchange platform, and it is very safe and reliable, also Binance and Coinbase insure their assets in USD. So you shouldn't hesitate to store crypto on Binance to earn interest or just for staking crypto.

 

[Ebutech]

Wow so good to know, how do you do it, would really like to know more about the staking, if you don't mind, thanks a lot.

I earn staking rewards but I don't think there is such thing as 100 percent safety if you use centralized exchange.

 

[cherry123]

I think binsnce is just too big and popular a platform to do a thing like that. So we just need to have faith that we wouldn't be betrayed

 

[Niyi Briggs]

I know that nothing is impossible in the crypto exchange world but I just don't see Binance doing this. It can't just be them.

 

[Sanjeev]

What is binance, I don't know about it? Can you explain about it?

 

[cherry123]

I know that nothing is impossible in the crypto exchange world but I just don't see Binance doing this. It can't just be them.

Yeah it sounds too bad to be true for Binance but I hope we continue to have sites and platforms that we can trust.

 

[Enxx]

Binance exchange is a company that has come to stay and it will be safe to save our coin there. But because we don't have full access to our coin, then I won't advise anyone to save there coin there.

 

[SHAHID987]

It is advisable that if you are using binance than it's better to use it to trade cryptocurrencies purchase any particular Cryptocurrency when it price is on the lower side and sell immediately when you see that its price is touching high

 

[Hate2Wait]

If you have BTC then you can earn better interest from Binance as compared to LTC so if you are part of it then you should use it

 

[riberet19]

If you have BTC then you can earn better interest from Binance as compared to LTC so if you are part of it then you should use it

Whats the percentage of interest that binance gives to btc stakeholders in the exchange? I dont use binance to tell the truth, in kraken exchange the percentage in btc is 1.25 % i see this realistic

 

[Hate2Wait]

Whats the percentage of interest that binance gives to btc stakeholders in the exchange? I dont use binance to tell the truth, in kraken exchange the percentage in btc is 1.25 % i see this realistic

I am not sure because someone told me about it and I didn't asked for the details. I'll ask them and let you know

 

[riberet19]

I am not sure because someone told me about it and I didn't asked for the details. I'll ask them and let you know

It is worth this good, because if the interest is something better than that of Kraken I could send there a little Bitcoin to obtain the performance, in crypto.com it is also higher I think.

 

[Stardom22]

I had recently signed up for the exchange. However the site doesn't work well and I have tried to do the verification of my identification in vain. I wonder why it doesn't like to work on my android phone

 

[Hate2Wait]

It is worth this good, because if the interest is something better than that of Kraken I could send there a little Bitcoin to obtain the performance, in crypto.com it is also higher I think.

I am not fully aware of it and would like to learn about it so that I can also use these cryptos to earn interest