How to Use Binance Savings for Passive Crypto Income
Binance Savings provides an opportunity to earn passive income from cryptocurrency. Here are some steps to help you use this feature:
1. Register on Binance: Create an account on the Binance platform if you don't already have one. The registration process is simple and requires minimal information.
2. Fund your account: Fund your Binance account by transferring funds from your bank account or other cryptocurrency exchange.
3. Go to the "Savings" section: In the top menu, find the "Savings" section and click on it.
4. Select the appropriate cryptocurrency: Select the cryptocurrency you want to use to earn passive income. Binance Savings offers various assets such as Bitcoin (BTC), Ethereum (ETH) and other popular cryptocurrencies.
5. Select Product Type: Depending on your strategy, you can choose different product types such as "Flexible Savings" or "Locked Staking". Flexible term allows you to deposit and withdraw funds at any time, while fixed term provides higher returns, but your funds will be locked for a certain time.
6. Make a deposit: Enter the desired amount and confirm the deposit. Your funds will be automatically credited to the selected product.
7. Expect to receive passive income: Depending on the product you choose and the type of return, you will receive passive income from your investments. Payments can be daily, weekly or urgent.
8. Track and manage your investments: In the Savings section, you can track your investments, view returns and manage your portfolio.
