Is it possible to earn passive income on Binance by lending out my digital currencies?

1 answers

• Dec 31, 2021 · 3 years ago
  Yes, you can earn passive income on Binance by lending out your digital currencies. Binance's lending program allows you to lend your cryptocurrencies to other users and earn interest on your loans. The process is simple: you deposit your digital currencies into the lending program, specify the lending period and interest rate, and wait for borrowers to borrow your funds. The interest you earn will be paid out daily. However, it's important to note that lending involves risks, such as the potential for default by borrowers and fluctuations in the value of your lent assets. It's advisable to carefully consider these risks and do thorough research before participating in Binance's lending program.
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