Binance has launched an activity for new users to deposit fiat and buy crypto with Credit/Debit Card.
As a bonus, users who stake their LUNA, CAKE and FIL on Binance Earn via Locked Staking during the activity period can earn up to 36.42% APY.
Promotion period: 2021-10-12 09:00 AM (UTC) to 2021-10-25 11:59 PM (UTC)
Promotion A: Deposit Fiesta - Deposit Fiat or Buy Crypto with Fiat, Share $10,000 in LUNA, CAKE and FIL
The prize pool of $10,000 in LUNA, CAKE and FIL will be distributed to daily top 10 users based on their top fiat deposit and card purchase volume during the promotion period.
A total of 140 new users will be selected to win a share of the prize pool according to the table below.
Daily User Ranking*
Rewards per pax in LUNA/CAKE/FIL
1st to 10th
($10,000/14 days) * Split by Total Fiat Volume
*Total Fiat Volume = User’s daily total fiat deposit volume + daily total card purchase crypto volume
This promotion is eligible to new users who successfully complete the tasks below:
- Register for a Binance account AND Complete this Google Form to indicate participation
- Make a successful crypto purchase of at least $50 using VISA/Mastercard via Buy Crypto > Credit/Debit Card OR
- Make a deposit of at least $50 worth of local currencies via Buy Crypto > Deposit Fiat
Promotion B: Stake Fiesta - Stake LUNA, CAKE and FIL & Earn Up to 36.42% APY
Stake selected tokens (LUNA, CAKE and FIL) on Binance Earn via Locked Staking during the promotion period and earn up to 36.42% APY.
Locked Staking Tokens
- Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis
Details on Staking mechanism on Binance Earn:
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
- The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- Unlock period for Locked Staking products: 1 day.
- Locked Staking FAQ.
- About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Terms & Conditions:
- Promotion A promotion is not applicable to users in Europe (with the exception of Russia, Ukraine, Czech Republic and Poland).
- The promotion only applies to new users who have not registered for Binance account prior to the promotion period.
- This promotion only applies to new users who have completed the Verified verification tier. For more information, please refer here.
- This promotion only applies to fiat currencies made available for deposits or card transactions on Binance. Please note that certain fiat currencies are not available for deposits or card transactions at present time.
- Each day runs from 11:00 AM (UTC) of the day to 10:59 AM (UTC) of the next day. Except for 2021-10-12, which runs from 09:00 AM (UTC) to 10:59 AM (UTC) of 2021-10-13.
- Promotion A:
- Binance will use the local currency to USD foreign exchange rate at 2021-10-25 11:59 PM (UTC) for the calculation of the $50 deposit or crypto purchase volume requirement.
- The rewards in LUNA, CAKE or FIL will be randomly allocated to users. Each winner will only receive 1 of the 3 tokens: LUNA, CAKE or FIL tokens.
- The rewards will be allocated in LUNA, CAKE or FIL to winners’ Binance Wallets within 14 days after the competition ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution.
- Binance will use the average closing price at 2021-10-25 11:59:59 PM (UTC) of LUNA/USDT, FIL/USDT and CAKE/USDT trading pairs during the campaign period as the LUNA, FIL and CAKE exchange rate used for distribution.
- Eligible users are limited to one reward per Binance account.
- Binance reserves the right to disqualify any participants or transactions that are showing signs of fraudulent behavior immediately.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to cancelling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.