Dear readers of Tecnogalaxy, today we talk about a topic that will surely be useful to you. This is the Savings feature of Binance, a passive earning mode that allows you to put your money to work without too many complications.

Before explaining in detail the operation of Binance Savings, let’s try to understand the difference between APY and APR, fundamental terms to fully understand the mechanism.


The terminologies APR and APY have very similar meanings but, in some ways, very different. The annualized percentage rate, APR, is the annual percentage of interest accruing on its capital.

By APY, however, we mean the interest accrued on your capital, but we consider it compounding. Making compounding means, in fact, generating compound interest on your investments. Let’s try to give a practical example.

If I deposit $1000 and get a 10% APR paid on a daily basis, my final capital after 365 days will be $1100.

However, if I deposit $1000 and have a 10% APY paid on a daily basis, it means that, daily, the interest will be recalculated on the actual capital I own after receiving the payment. The formula used is as follows:

APY = (1 + r / n) n – 1

In which ”r” refers to the declared annual interest rate and “n” to the number of compounding periods for year.


Accessing Binance Savings is easier than you might think. Once you have accessed your Binance app (AndroidiOS), you will find yourself in the main screen. If you don’t find the Savings entry in the first box, click More.

Once you click on More, look for the ”Savings” item, which is next to the Staking item (similar to Binance Savings, but a little different in the mechanism).

You will then find yourself in the Binance Savings menu.

Once inside, you will be shown a very long list of coins that you can decide to deposit and put to work. Among the various assets, there are also the most important ones known as:

  • BTC
  • 1INCH
  • BUSD
  • ADA
  • ATOM
  • DOGE
  • ETH
  • FIL
  • LTC
  • TRX
  • USDT
  • USDC

To make a long story short, there are almost all the tokens inside the exchange, each with a variable annual interest, which can go from 0.5% to 5 or 7% depending on the chosen asset. You can also choose between Flexible Savings and Locked Savings.


The substantial difference between these two modes of passive gain can be deduced from the name itself.

Flexbile Savings are flexible savings, which can be deposited and withdrawn at any time, without paying any fee and without any particular limit. Once you open the Savings section, you will already find yourself inside the Flexible Savings.

If, on the other hand, you want to maximize your passive gains on Binance, simply access the Locked Savings section.

Here, you will find a somewhat smaller number of assets than in the Flexbile section, but interests are considerably higher, especially on stablecoins. USDT, BUSD and USDC, for example, guarantee an interest rate of 7% if they are blocked for 90 days.

However, the number of places to access it is limited, so you have to check the sections several times if you want to be sure you can participate.

Again, the fees are 0, so you won’t have to spend anything to deposit or withdraw. To deposit, just click on subscribe and select the desired amount.


Keeping your savings within these passive gain solutions can be very interesting if you want to generate some extra without too much effort.

Platforms such as Binance Exchange are particularly secure, as they are tested and designed by industry professionals who guarantee high safety standards.

Not surprisingly, Binance is the largest exchange in the world, both as number of users and as amount of cryptocurrencies exchangeable within it. Obviously, everything you have read in this article is purely for informational purposes, and does not want to be seen a financial advice.

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