Community post
Learn about Binance Locked Savings
For those thinking of using Locked savings on Binance I made this video looking at how to use it as well as the pros and cons.
Quick recap
##Pros
ease of use
Higher rates than flexible savings
speed
##Cons
lower rates than bitfinex
misleading rates advertised due to taking 8 days to complete the 7 day term
##Overall impression
If you dont want to leave Binance and have some of the limited assets available and want a simple way to earn a little extra, go for it. But thats a lot of provisions. For me there is always a better product for everything locked savings does.
I also did a more general video about Binance Earn covering all the passive income options on Binance
and a video covering flexible savings
Posted Using LeoFinance Beta
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