How to make more than 400$ weekly with Cryptocurrency | Bitcoin, Usdt

54 года назад

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This video will show you how to make money with Cryptocurrency by buying Bitcoin, usdt and any preferred coin using Binance earn.
@BinanceYoutube

Disclaimer: I am not a financial adviser and anything I say should only be taken as a suggestion. This video is for infotainment purposes only and you should speak to your financial adviser if you are unsure about any important financial decisions you need to take. Thank you.

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Main Takeaways:
To earn compound interest, users must continually reinvest the returns from interest-bearing products like crypto savings, loans, and staking.

Without compounding, users can lose out on an exponential amount of returns over time.

The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings.

To compound returns from Binance Staking and Fixed Savings back into those products, resubscribe as soon as the subscription time is over.

If you’re already putting your money to work earning passive income, it’s also a great idea to start compounding your returns. Use the Auto-Subscription feature on Binance Earn to automatically subscribe your accrued interest, in order to earn compound interest. You can let Binance Savings take care of the process for you, or choose products that are simple to compound, like Binance Staking and Fixed Savings.

The idea of compounding is nothing new. You might even remember covering it in math at school. Compound interest, or earning interest on your interest, is a storied financial concept that has helped countless people reach their financial goals. But even with its well-known reputation, it’s surprising how few people use it. Once you look at a basic example, you won’t ever forget to look for opportunities to earn compound interest again.

For those of you who aren’t quite sure what compounding is, have no fear. It’s an easy concept to grasp. Imagine a snowball at the top of a hill. If you give it a push and it begins to roll down, the size of the snowball begins to grow at an increasing rate. By the time it gets to the bottom, the snowball could have doubled, tripled, or even quadrupled in size. As it gets bigger, the gains it makes become even larger. All it takes to earn compound interest is time and patience.

Let’s check out the math to really understand how compounding can help grow your investments. We’ll also show you how to easily earn compound interest with Binance Earn.

Crunching the Compound Interest Numbers
Imagine you’re investing $10,000 in a high-interest crypto savings account that provides 5% APY. You can leave your deposit in for as long as you like, but your returns aren’t automatically reinvested. The minimum lock-in period is one year.

You deposit your money, and at the end of one year, you gain $500 (5% of $10,000). At the end of the second year, you gain another $500. After five years, you remove your deposit and take home $12,500, giving you 25% profit.

Now, imagine you remove your funds and yearly interest and reinvest them both. After year one, you take your $1050 and reinvest it into the account. After year two, you’ll then have $1102.50. Let’s look at a table to compare the two scenarios:

Disclaimer: I am not a financial adviser and anything I say should only be taken as a suggestion. If you are looking for get rich quick schemes don't watch the video it is not for you. This video is for infotainment purposes only and you should speak to your financial adviser if you are unsure about any important financial decisions you need to take. Thank you.

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