Binance, the popular cryptocurrency exchange, has recently introduced USDC on its Dual Investment platform, expanding the range of investment opportunities available to users. With this new addition, users can now engage in Buy Low & Sell High products with a selection of USDC pairs, enabling them to earn rewards on a variety of popular cryptocurrencies.
Dual Investment on Binance allows users to set their desired price and settlement date for buying or selling cryptocurrencies in the future without any fees. This feature provides flexibility and potential rewards for users who want to accumulate high returns on their cryptocurrency holdings or buy cryptocurrencies at a lower price compared to the market rate.
The Sell High option is suitable for users who aim to accumulate higher rewards on their cryptocurrency holdings or sell their deposit currency for a higher price in the future. The supported deposit currencies for Sell High include BTC, ETH, BNB, SOL, XRP, DOGE, LTC, MATIC, ADA, DOT, ATOM, AVAX, FTM, NEAR, ALGO, or BCH, with settlement dates ranging from May 10th to June 28th, 2024.
On the other hand, the Buy Low option caters to users who are looking to accumulate higher rewards on stablecoin holdings or purchase cryptocurrencies at a lower price in the future. The supported deposit currency for Buy Low is USDC, and the settlement dates align with those available for Sell High.
To get started with Dual Investment on Binance, users can follow these steps:
- Go to the Dual Investment page on the Binance platform.
- Select the cryptocurrency they wish to buy or sell.
- Choose between the “Sell High” or “Buy Low” option.
- Set the desired price (“Target Price”) and settlement date (“Settlement Date”).
- Input the subscription amount.
- Enable or disable the Dual Investment Auto-Compound feature.
- Complete the subscription process.
It’s worth noting that Dual Investment may stop accepting new subscriptions at any time, and the APR (Annual Percentage Rate) is subject to real-time changes based on market fluctuations before the subscription. Once the subscription is confirmed, the APR will be locked in.
Binance encourages users to visit the Dual Investment Beginner Mode, which provides a step-by-step guide to the subscription process and offers a glossary and detailed calculation methodology for a better understanding of the Dual Investment products.
Disclaimer: As with any investment in digital assets, prices can be volatile, and the value of investments may fluctuate. Users are solely responsible for their investment decisions, and Binance is not liable for any losses incurred. The returns for Dual Investment products are fixed at the Deposit Currency APR, which refers to cryptocurrency rewards in the Deposit Currency, not actual or predicted returns in fiat or the Target Currency.
Overall, the addition of USDC on Binance’s Dual Investment platform expands the investment options for users, providing them with more opportunities to earn rewards on popular cryptocurrencies.
Image source: Shutterstock
. . .
Tags
Credit: Source link
