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Author Topic: Binance Earn - Help me understand!  (Read 249 times)
slaman29
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June 08, 2021, 07:02:40 AM
 #21

A lot of misleading answers in here... so I thought I would help out newbies accidentally coming here.

1. Binance Earn is legit. I did a lot of it myself if I have balance on Binance.
2. The companies themselves on Earn may or may not be legit. Invest at your own risk. Personally, I never would. Just the coins without companies like Bitcoin.
3. Don't leave your money there just to earn. Not worth it. I leave it when I need to sell it soon or within a month. Never keep long term.

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stomachgrowls
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June 08, 2021, 08:17:44 PM
 #22

A lot of misleading answers in here... so I thought I would help out newbies accidentally coming here.

1. Binance Earn is legit. I did a lot of it myself if I have balance on Binance.
2. The companies themselves on Earn may or may not be legit. Invest at your own risk. Personally, I never would. Just the coins without companies like Bitcoin.
3. Don't leave your money there just to earn. Not worth it. I leave it when I need to sell it soon or within a month. Never keep long term.
1. Binance wont do any bullshit because that would surely reflect out into their overall performance and of course they do have reputations that needs to be protected.

2. Investment would always be accompanied by risk and this should be put up in mind into someone who do tend to consider out these options.

3. Not really worth it and i do have that thing in mind that i would rather keep my coins in my own wallet and let it grow into some percentages on where
    it can be possibly be more than on what you had earned by staking or similar process.Also on the risk involved where you dont possess the keys
    which i can say that it had increase the risk.

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slaman29
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June 09, 2021, 07:58:19 AM
 #23

1. Binance wont do any bullshit because that would surely reflect out into their overall performance and of course they do have reputations that needs to be protected.

2. Investment would always be accompanied by risk and this should be put up in mind into someone who do tend to consider out these options.

3. Not really worth it and i do have that thing in mind that i would rather keep my coins in my own wallet and let it grow into some percentages on where
    it can be possibly be more than on what you had earned by staking or similar process.Also on the risk involved where you dont possess the keys
    which i can say that it had increase the risk.

Yeah, I mean Binance did have a hack before and they paid everyone out from their funds, so they said. But we won't really know if they actually have all the funds in reserve until everyone does a withdrawal.

5% a year sounds nice until you realize you need 20 years just to cover your capital in case of exit scam of unrecoverable hack. Which is really not a worthwhile risk!

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