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Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: Mails on July 17, 2021, 10:56:52 AM



Title: Binance CreditCard (Visa) do its recognize the BNB staking ammount?
Post by: Mails on July 17, 2021, 10:56:52 AM
Does the Binance Card count my BNB in the staking pool for the BNB cashback card level?
i found different answers online, some says yes, some says no its only count the BNB Vault and spot ammount.


Title: Re: Binance CreditCard (Visa) do its recognize the BNB staking ammount?
Post by: RickDeckard on July 17, 2021, 11:38:29 AM
While I haven't found an official answer (so far), I was able to find a reddit post on their official reddit sub [1] that asks a similar question:
Quote
Cashback is based on amount of BNB held in any of my Binance wallets right? Does staked BNBs count into this as well? So if I want to use your crypto visa card with lets say 3% cashback, I can buy appropriate amount of BNB (50) and immediately stake it and it will still count?
Here's the most upvoted reply :
Quote
All BNB on Binance counts except DeFi staking. No it does not count immediately, it is an average on 30 days.
So it seems like that you shouldn't have a problem staking BNB as long as it isn't DeFi staking - and as long as you comply with the 30 average days that it takes for you to be edible for the cashback[2]:
Quote
* BNB monthly average balance means the average holdings of BNB in your Binance wallets for a period of 29 days before yesterday. The amount of the BNB in the column is the minimum amount for being qualified to the respected cashback level. For example, if your BNB monthly average balance is 5 BNB, which is between 1 BNB for the 2nd level and 10 BNB for the 3rd level, you are assigned to Card level 2 and get 2% cashback on your purchases.

[1]https://www.reddit.com/r/binance/comments/l9e6ct/binance_card_info_that_is_not_disclosed_in_terms/ (https://www.reddit.com/r/binance/comments/l9e6ct/binance_card_info_that_is_not_disclosed_in_terms/)
[2]https://www.binance.com/en/support/faq/c93fe535bcf4431aa32623ae0a49d4f28 (https://www.binance.com/en/support/faq/c93fe535bcf4431aa32623ae0a49d4f2)



Title: Re: Binance CreditCard (Visa) do its recognize the BNB staking ammount?
Post by: Mails on July 17, 2021, 11:58:31 AM
Thank you very much Rick.
I found a post on a german website wich claims that since the cashback reform they dont count the staking amount anymore, but no official informations.
Whatever i placed all my BNB now in a 30 days locked staking, i will keep the topic informed about it.



Title: Re: Binance CreditCard (Visa) do its recognize the BNB staking ammount?
Post by: anu1908 on July 20, 2021, 06:17:13 AM
I found a post on a german website wich claims that since the cashback reform they dont count the staking amount anymore, but no official informations.
have you tried asking binance through e-mail or send a message to their support channels? i think that's where you can get your confirmation from. just hope that the cs know their stuff, so you don't have to explain one thing after another.


Title: Re: Binance CreditCard (Visa) do its recognize the BNB staking ammount?
Post by: Mails on January 30, 2022, 09:21:33 PM
OK it doesnt count the BNB in staking.

Total Daily Average BNB Balance = Sum of the daily averages of the following:
Spot Account Balance
Margin Account Balance
Binance Crypto Loans Collateral Balance
Sub-accounts Balance
Binance Savings Account Balance
BNB Vault Account Balance
Binance Fiat Account Balance
Futures Wallet Balance
Binance Funding Wallet Balance
Launchpool Account Balance