Friends, I have a few cryptos in Binance, which I don't want to sell anytime in near future. Atleast for 6 months from now.
Cryptos in Binance are High Cap cryptos like VET, MANA, SOL, ETH, BNB, ADA, ICP, and many others. Currently, I have added in FLEXIBLE earning. Quantities are of approx $15 each.....I see earning is very much less in FLEXIBLE earning. Is there any other option to earn more money on Binance?
Also, I have some low cap cryptos in Trustwallet (TW) like ANRX, MYRA, WND, FINA, ASPO, etc.....These are idle for few days......is there any way to earn from this. I cannot see, STAKE options in all these cryptos. There is the option of STAKE in TRX, but in all other, there is no such option. All cryptos are of BSC chain only. On PANCAKE, I can see there is option of LIQUIDITY, FARM and POOLS. But, I am not able to understand those things. Can you please guide me? For pancake I have below doubts
1. Can I get back my crypto any time I want, or they are for locked period. As this is low cap cryptos, I don't want to lock it. I want it back whenever I want back
2. In each low cap cryptos I have initial investment of only $5. So I want option where fees are not charged.
Please guide
Earnings from Binance are way below market rates. You should park them off in custodial wallets like Nexo/ Hodlnaut or DeFi platforms like Cake Defi.
For those unheard coins though, DeFi platforms are the way to go. Some might support pairing so you'd need another token for liquidity.
1. Can I get back my crypto any time I want, or they are for locked period. As this is low cap cryptos, I don't want to lock it. I want it back whenever I want back
Usually there's a performance/ unstaking fee for a short period of time to avoid people simply removing their contributions. But even if you manage to avoid that, there's a risk of impermanent loss.