Binance, a popular cryptocurrency exchange, recently introduced USDC to its dual investment platform, expanding the range of investment opportunities available to users. With this new addition, users can now select USDC pairs to participate in low-buy and high-sell offerings and earn rewards on a variety of popular cryptocurrencies.
Dual investing on Binance allows users to set their desired price and settlement date for future cryptocurrency purchases or sales, commission-free. This feature provides flexibility and potential rewards for users looking to accumulate high returns from their cryptocurrency holdings or purchase cryptocurrencies at low prices compared to market rates.
The Sell High option is suitable for users who want to accumulate higher rewards for their cryptocurrency holdings or sell their deposited currency at a higher price in the future. Deposit currencies supported for Sell High include BTC, ETH, BNB, SOL, XRP, DOGE, LTC, MATIC, ADA, DOT, ATOM, AVAX, FTM, NEAR, ALGO or BCH, with a settlement date of May 10 From Sunday to June. 28th, 2024.
On the other hand, the low price purchase option is suitable for users who want to accumulate higher rewards for their stablecoin holdings or purchase the cryptocurrency at a lower price in the future. The supported deposit currency for Buy Low is USDC and the settlement date matches the date available for Sell High.
To start dual investing on Binance, users must follow these steps:
- Go to the dual investment page on the Binance platform.
- Select the cryptocurrency you want to buy or sell.
- Choose from the “Sell High” or “Buy Low” options.
- Set your desired price (“Target Price”) and payment date (“Payment Date”).
- Enter your subscription amount.
- Enable or disable the double investment automatic compounding feature.
- Complete the subscription process.
Please note that Dual Investment may stop accepting new subscriptions at any time, and Annual Percentage Rate (APR) may change in real time based on market fluctuations prior to subscription. The APR is locked once your subscription is confirmed.
Binance recommends users to visit the dual investment beginner mode. This mode provides a step-by-step guide to the subscription process and provides a glossary of terms and detailed calculation methods for a better understanding of dual investment products.
Disclaimer: As with any investment in digital assets, prices may fluctuate and the value of your investment may fluctuate. Users are fully responsible for their investment decisions, and Binance is not responsible for any losses incurred. Returns on dual investment products are pegged to the deposit currency APR. This means cryptocurrency rewards in the deposit currency rather than actual or expected returns in fiat or target currency.
Overall, the addition of USDC to Binance’s dual investment platform expands users’ investment options, providing more opportunities to earn rewards on popular cryptocurrencies.
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