Binance Earn - is it worth it?

inf0rthemix · Nov 1, 2022

Hi everyone,

Did someone uses actively the Binance earn options? Is it worth it?
They have some nice options about day-to-day subscriptions with re-invest, but I am curious and wanted to ask if this can be profitable in the long-run.

Followlix · Nov 1, 2022

They're ok but really not worth it if you've got a big sum.

For example getting 0.05% APR if you deposit more than 0.2 Ether is a complete joke.

Another good joke is 0.80% APR if you deposit between 1,000 - 10,000 BUSD or 0.30% APR if you deposit more than 10,000 BUSD.

Yet another good joke is 0.35% APR for BNB deposits.

Generally if you have a tiny amount to deposit such as less than 1,000 BUSD, the 8% APR is decent, but anything more than that, DeFi is a much better option

Stargate offers 4.08% APR for Ether and Kalmy.app offers 6.60% APR for BNB and 5.30% APR for BUSD at the moment.

inf0rthemix · Nov 2, 2022

Followlix said:
They're ok but really not worth it if you've got a big sum.

For example getting 0.05% APR if you deposit more than 0.2 Ether is a complete joke.

Another good joke is 0.80% APR if you deposit between 1,000 - 10,000 BUSD or 0.30% APR if you deposit more than 10,000 BUSD.

Yet another good joke is 0.35% APR for BNB deposits.

Generally if you have a tiny amount to deposit such as less than 1,000 BUSD, the 8% APR is decent, but anything more than that, DeFi is a much better option

Stargate offers 4.08% APR for Ether and Kalmy.app offers 6.60% APR for BNB and 5.30% APR for BUSD at the moment.

I totally agree, those percentages are a true joke.
Anyway, maybe it is a good idea to try few deposits with amount less than 1000$ to use the 8% APR.
This of course is related to the personal quota, which each user has.

Binance Earn - is it worth it?

inf0rthemix

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Followlix

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inf0rthemix

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