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Earn passive income with your BNB in the BNB Vault.
BNB is the issued cryptocurrency by Binance Exchange where you can trade it to other cryptocurrencies or use it as a trading fee to have a discounts for every trades you make.
Binance Exchange
The largest cryptocurrency exchange, as of the moment, where you can buy, sell and hold hundreds of cryptocurrencies.
Whether you are a trader, holder or just simply a "buy-low, sell-high" guy in Binance, you can still make an income out of your idle funds. And one of it is by putting your BNB coin in the BNB Vault.
The BNB Vault is a yield aggregator of Binance Coin. When you deposit BNB in the the BNB Vault, it means you are participating in the projects of Binance Exchange and you will be rewarded by doing so.
Note: You need to be a verified user of Binance to use P2P trading.
You need to have at least $10 of USDT or $10 worth cryptocurrencies to buy or exchange to other cryptocurrencies.
If you have bought USDT using P2P, you need to transfer it to your Spot Account. But if you deposit cryptocurrencies in your Binance account, there's no need of transferring it as deposited cryptocurrencies will directly go to your Spot Account.
2. Go to trade ang buy BNB.
Let's say you now have 10 USDT funded in your Binance/Spot Account. You need to go to the Trades tab and find BND/USDT pair and buy it.
We use 10 USDT as an example because that is the minimum amount to trade or buy a certain cryptocurrency.
3. Go to BNB Vault.
Go to the Finance option of Binance and click the BNB Vault option.
4. Stake BNB
Click the Stake option and it will redirect you to another page.
You can also enable the Auto Transfer if you want stake your BNB automatically in the next day.
Click on the Max option to stake all of your BNB in the BNB Vault then check the box to show that you have agreed about the agreement.
When you have staked your BNB in the Vault now, the rewards will be distributed after 24. The reward distribution will directly go to your Spot Account/Wallet.
If you want to redeem your staked BNB and exchange it to other coins that you prefer, you can just easily Unstake it in the BNB Vault the sell it to USDT or buy the other coins that has a BNB pairing.
Haha, tawa ako sa valut 😂 ma try nga rin to. Di ko rin to ginagawa eh ang daming options tlaga kay binance noh yung iba yan lang inaabangan yung mga di mahilig mag trade.
I really learnt, guess I'll give this a try