Bitcoin Forum

quick repurchase from Flexible Savings binance does not work.  although the whole point of such a Flexible Savings is to quickly withdraw funds. this is the third case.
 how many people whose withdraw doesn't work?

I did not understand what you mean, but binance earning is really disgusting. They are trying to accumulate liquidity and give a very low return as they manipulate the market and achieve huge returns from that liquidity.
locked staking give you little bit more earning but most of them less than 10% per year
It is good if you do not want to trade and trust Binance to hold your coin but it is very risky and has little return.

so I think not to stock funds there anymore.
I wanted to trade right now, and the funds are blocked until tomorrow.

This might help: https://www.binance.com/ph/support/faq/360034998492

---Flexible Savings can be subscribed to and redeemed at any time. Your funds are then credited in real-time. There’s no waiting period to deal with.
----The time frame for subscription and redemption is open from 00:10-23:50(UTC) every day.

"Lastly, However, due to network delays, system calculations, and other problems, this distribution may possibly be delayed."


You wont have any options but to wait up.

now is the UTC time 22:01

is it written in the user agreement?

Have you checked in your flexible savings details? In locked savings, there is a column there when (timestamp) you can fully redeem your coins. But with flexible savings, I believe if they can't give you the funds in their given redemption timeframe, more than likely, it is their system's calculations or other issues that are in play. So you just need to wait a lil bit on that.

"For standard redemptions, the full amount will be returned on the second day after redeeming at 00:00 AM (UTC). This also includes your earned interest. Any delay in funds credited may be due to the interest calculation process, as the day of redemption is included in the interest calculation period.
For fast redemptions, you will receive the full amount of your digital assets back on the day of redemption without interest."
https://www.binance.com/ph/support/faq/360034998492

I use it and my funds never get stuck. When I'm not trading I always put my funds to lauchpools (or savings if there are no lauchpools) to earn additional money.  Its instant in and out.


1- exchange does not need your funds to manipulate market. At least your "permission". They can use your funds to buy/sell anything they want without you locking your funds in savings by using fractional reserve system - https://bitcointalk.org/index.php?topic=5094088.msg49096584#msg49096584
2- 10% per year is a fair amount if your revenue does not comes from inflating your asset. You have 0-2% in bank. Current crypto market spoiled investors. Especially stacking where you have 50% APY while supply grows 45% to pay for stacking (people seams to forget that their true APY is reward - inflation.
3- what is very risky?

The only thing that can be risky is that Binance would be hacked and you could lose everything. But Binance being such a big exchange it is hard to imagine that that can happen.

Kucoin was hacked and lost $300 milion of users assets. Collaborated with tether to lock usdt, collaborated with majority of altcoin to fork and lock stolen funds, collaborated with majority of crypto exchange so that they will not accept stolen funds and help in finding hacker (login logs). The rest of funds was covered from insurance.

I think that Binance is prepared even better. They have "safu" fund that collect 10% of trading fees to be ready for hacks and users losses due to exchange fault. 10% of trading fees ... Thats ~10-20 milion $ that was moved there just from yesterdays trading. They burned 500 million $ of BNB during last quarterly burn. Thats 20% of profit. Means they have ~4 bilion $ of profit annually. it means they can cover 1 billion $ hack with just 1 quarterly profit.

I'm not saying that holding crypto on exchanges is a good choice. I'm only saying that we have like 2-3 exchanges that are safe enough to call holding funds there safer than holding funds on your own wallet if you are not educated enough to know how to take care of it professionally.