Binance has added eight new assets to Flexible Savings, a value-added service provided by Binance to its users. The assets added include DNT, BEL, JST, OP, LTO, RAD, UFT, and RVN. Binance shared the update on the official website with certain terms and conditions.
Subscriptions close after the maximum limit is reached for a certain product. The team holds the right to change the list of supported currencies for Flexible Savings. Other items that can be changed are subscription limits, rewards, and individual limits.
APY that is advertised does not display the actual APY. Rewards earned may differ from the advertisement as the APY is adjusted daily.
Binance is a crypto exchange platform that leads the industry worldwide. The offerings provided to the users span throughout an entire ecosystem of Binance. Elements in the ecosystem are Binance Charity, Binance Launchpad, Binance Academy, Binance TrustWallet, Binance Labs, and Binance Research, to name a few. More features of the platform can be explored in detail in a comprehensive, research-backed Binance platform review.
The native token of the community is BNB. It has multiple utilities, including the one where it powers the entire ecosystem as its underlying gas.
The vision of Binance is to increase global money freedom to improve the lives of everyone significantly. It was founded in 2017, and the Headquarters is in Malta.
More than 100 cryptocurrencies are listed on Binance, giving users a huge list of digital assets to choose from for trading. Binance support 19 fiat currencies.
Mobile trading is a key feature of Binance, and it enables users to trade their digital holdings on the go. The mobile application of the crypto exchange platform is compatible with all the mobile operating software and devices. Another key feature of Binance is its eWallet, where fiat currencies can be deposited or withdrawn 24/7.
The official wallet offered by Binance is called Trust Wallet. It is decentralized in nature and helps users not just to hold on to their digital assets but also to earn reasonable interest. Customer Support is available 24/7 on Binance, and users can connect with a representative whenever they get stuck at a point.
Solutions recommended by the customer support team are specially tailored as per the need or requirement of the user. Traders who are beginning their journey with crypto can visit the learning section of the platform to get well-equipped with the process of buying & selling cryptocurrencies and other products.
The Basic Trading account of Binance widely supports new traders, and it helps them to stick to a particular product. Experienced traders normally prefer to register for the Advanced account, where they can expand their investment portfolio and gain access to a detailed technical analysis.
Beginners stick to the Basic Account for a while as it is easy to understand and use. It displays all the important pieces of information on a single page, eliminating the need to navigate to different pages.