How does Binance US calculate interest on digital currency holdings?

3 answers

• Dec 18, 2021 · 3 years ago
  Binance US calculates interest on digital currency holdings based on a tiered system. The interest rates vary depending on the amount of digital currency you hold and the duration of your investment. Generally, the more you hold and the longer you invest, the higher the interest rate you can earn. The specific interest rates for each tier can be found on Binance US's website. It's important to note that the interest rates are subject to change based on market conditions and other factors.
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• Dec 18, 2021 · 3 years ago
  When it comes to calculating interest on digital currency holdings, Binance US takes into account various factors such as the current market conditions, the supply and demand for the specific digital currency, and the overall performance of the market. These factors help determine the interest rates offered to users. Binance US strives to provide competitive interest rates to incentivize users to hold their digital currency on the platform.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a digital currency exchange, calculates interest on digital currency holdings in a similar manner to Binance US. They also use a tiered system where the interest rates increase based on the amount of digital currency held and the duration of the investment. However, it's important to note that the specific interest rates and factors considered may differ between exchanges. It's always a good idea to check the respective exchange's website for the most up-to-date information on interest rates and calculation methods.
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