In order to avoid all the above difficulties and exorbitant mining costs, there are more interesting earnings offers from the BINANCE exchange, which we will consider below.
Binance Earn This is a piggy bank. The essence is very simple. Choose the appropriate option, then buy the necessary coins. Log in to the subscription, read the terms and click confirm. The amount you have approved will be blocked on your account for a specified number of days. Payment of interest daily directly to your account. Interest is paid in the same currency that was reserved.
Stacking can be considered as a less resource-intensive alternative to mining. It consists in storing funds on a cryptocurrency wallet to support the security and activity of the network. Simply put, staking is the blocking of cryptocurrencies to receive rewards.
The principle is the same. You buy the necessary coins and choose the blocking parameters for a given number of days. You receive interest daily to your account.
Smart Pool is a service that allows the user to get a higher profit by automatically switching the hashrate for mining different currencies using the same algorithm. Binance Smart Pool supports the SHA256 algorithm, and the hashrate of users can automatically switch between BTC, BCH and BSV.
The final mining revenue is calculated in BTC.
In order to use this service, you must have mining equipment. By using this service, you earn fasterе.
Dual currency investments
A dual—currency investment is a highly profitable structured financial product without protection of the principal amount, settlements on which are made in one of two currencies. After subscribing, you choose the underlying asset, the deposit currency, the subscription amount and the settlement date. The return on investment is calculated in the investment currency or an alternative currency, depending on the following conditions.
There are two types of dual currency investment product: (1) “Sell expensive” and (2) “Buy cheap”.
For the “Sell expensive” product,
The product is executed provided that the estimated price is higher than the target price.
– the product is “executed” if the estimated price ≥ target price
– the product is “not executed” if the estimated price is < target price
For the “Buy Cheap” product,
The product is executed if the estimated price is lower than the target price.
– the product is “executed” if the estimated price is less than the target price
– the product is “not executed” if the estimated price is > the target price
For both types of dual investment products, you will receive a refund in the investment currency if the product is not executed. You will receive a refund in the alternative if the product is executed.
Each product that is subscribed to has a settlement date. As the settlement price, we will take the current price on the settlement date at 08:00 (UTC). Each product that is subscribed to has a settlement date. As the current price, we will take the average current price for the last 30 minutes before 16:00 (UTC+8) on the calculation date. The profit will be transferred to your spot account within 48 hours after 16:00 (UTC+8) from the settlement date. The products of dual-currency investments are not subject to early repayment. You can make a profit only after the settlement date, but not before.