What is Dual Currency Win?

Dual-currency win is dual-currency financial management, which is a kind of financial derivatives, somewhat similar to traditional financial options. Investors invest in a certain cryptocurrency and set three parameters: "underlying asset", "expiry date" and "linked price". When the time reaches the "expiration date", the platform will settle based on the current settlement price of the cryptocurrency. Investors can earn interest income regardless of whether the previously set "linked price" has been reached. The only difference is that the currency (principal) returned to investors at settlement may be different from the currency originally invested. Generally speaking, the closer the maturity date is, the higher the yield will be. Simple to operate, however! After all, it is a non-capital-guaranteed investment product, and you will lose money if you encounter unilateral market conditions!

For people:

1. If you have a certain amount of idle funds, you will lose part of your liquidity in Dual Currency Win.

2. It is not recommended to use credit card loan arbitrage

3. Prepare to buy the bottom or sell with a certain target

suggestion:

1. Try to buy short-term and operate again when it expires

2. Don’t turn on automatic re-investment, make one decision each time you invest.

How to operate

There are many places for dual-currency financial management. I personally choose Binance. Other platforms are more expensive but I don’t dare to go there. I have to be responsible for the safety of my own funds.

Next I will demonstrate on the mobile phone

Open the Binance app on your mobile phone ➡️ Click on 'Finance' on the far right in the lower right corner ➡️ 'Financial Management' on the top middle ➡️ Click on 'Financial Management' on the left

Click the small downward arrow in the picture below⭕⬇️

Then click on 'Dual Currency Investment' that appears in the drop-down box

Enter the interface and select the currency. Personally, it is recommended to only buy BTC. This is a personal preference.

Choose a currency buying strategy, sell high or buy low. I had all Us in my hands, so I chose to buy low.

Here I will demonstrate the strategy of buying BTC with USDT. Enter the amount to invest and click the small pencil on the right ⭕ to modify it.

I chose the one with the closest expiration date, low target price, and relatively low age, but it is stable.

After selecting, click OK. It may have been modified before, so you need to re-enter the amount, and then click Next.

Confirm the result of profit at maturity, earn U or BTC. Binance has done a good job. For me, buying BTC for 29,000 is acceptable. If you are not worried, you can open another 1x sale for 29,000. Short contracts, hedging this part, have a shorter cycle and relatively controllable risks.

Click below to read and agree, then click Next, then check the three options again and finally click Subscription.

It is not recommended to reinvest automatically. You can reinvest manually when it expires. It is recommended to set an alarm clock or reminder.

Summarizing the past few times of playing, dual currency winning means selling the purchased BTC into U, and buying the sold U into BTC. If you don’t buy it, you will earn APY, and if you buy it, there will be no handling fee.

Okay, that’s it for today’s sharing. If it’s helpful to you, remember to follow it up~~