09-04-2022, 03:02 AM
Risks with Binance BUSD Flexible Savings?
<!-- SC_OFF --><div class="md"><p>So Binance offers 10% flexible savings on BUSD which is miles better than anything my bank offers. I know 'Do Your Own Research' and all but I wanted to ask if there are any major risks with putting some of my savings into this.</p> <p>I know there's risk if Binance goes under but I feel like I have to be missing something glaringingly obvious. Usually if there is a chance to get 5x higher interest, there has to be a catch somewhere.</p> <p>Any advice or suggestions of things to consider would be much appreciated.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/zmab1e"> /u/zmab1e </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x4p0kt/risks_with_binance_busd_flexible_savings/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x4p0kt/risks_with_binance_busd_flexible_savings/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>So Binance offers 10% flexible savings on BUSD which is miles better than anything my bank offers. I know 'Do Your Own Research' and all but I wanted to ask if there are any major risks with putting some of my savings into this.</p> <p>I know there's risk if Binance goes under but I feel like I have to be missing something glaringingly obvious. Usually if there is a chance to get 5x higher interest, there has to be a catch somewhere.</p> <p>Any advice or suggestions of things to consider would be much appreciated.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/zmab1e"> /u/zmab1e </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x4p0kt/risks_with_binance_busd_flexible_savings/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x4p0kt/risks_with_binance_busd_flexible_savings/">[comments]</a></span>