You don’t want to sell crypto. Why doesn’t that mean it should just sit in your wallet balance?
You have $1,000 in crypto. You don’t plan to sell it right now—you want to keep the asset for the future.
Then the question is:
what happens to this capital while you hold it?
One option is simply leaving the asset in your balance.
Another is using Binance Earn, where certain assets can be placed to earn rewards.
So the question isn’t only:
“Sell the asset or hold it?”
It’s also:
“How can I use the asset while I’m holding it?”
But looking at yield alone isn’t enough.
Before placing it, it’s worth checking:
what return they offer;
whether you can withdraw the asset at any time;
whether there’s a fixed term;
what the conditions for early redemption are.
For example, a flexible product may let you earn rewards while still keeping access to the asset, whereas a fixed one may have different terms regarding the duration and early redemption.
So the crypto you don’t plan to sell right now can:
just be stored → or used to earn rewards.
And the choice depends not only on potential returns, but also on how much you need access to the asset.
#BinanceEarn
You have $1,000 in crypto. You don’t plan to sell it right now—you want to keep the asset for the future.
Then the question is:
what happens to this capital while you hold it?
One option is simply leaving the asset in your balance.
Another is using Binance Earn, where certain assets can be placed to earn rewards.
So the question isn’t only:
“Sell the asset or hold it?”
It’s also:
“How can I use the asset while I’m holding it?”
But looking at yield alone isn’t enough.
Before placing it, it’s worth checking:
what return they offer;
whether you can withdraw the asset at any time;
whether there’s a fixed term;
what the conditions for early redemption are.
For example, a flexible product may let you earn rewards while still keeping access to the asset, whereas a fixed one may have different terms regarding the duration and early redemption.
So the crypto you don’t plan to sell right now can:
just be stored → or used to earn rewards.
And the choice depends not only on potential returns, but also on how much you need access to the asset.
#BinanceEarn
