Binance offers locked saving service to its customers that will enable users to lock-up their BAND tokens for a predetermined time-frame to earn annualized interest rate. Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
However, many user are not aware with this feature of Binance or either don’t know how to use Binance locked saving service. Actually, amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards. And Subscriptions will be closed on a certain product once the maximum limit is reached, so you can dial Binance toll-free number and find the right steps to know how to use this service.
Steps to Use the Binance Locked Saving Service:
Step 1: Do you know Binance locked savings can be subscribed to at any time so long as the product quota is available?
Step 2: So, right here just enter the Binance website.
Step 3: Now click on Finance and then select Savings to find the locked savings product of your choice.
Step 4: Here just click on Locked Savings to visit at Binance Savings home page.
Step 5: Here you have the flexibility to customize products options based on your needs. You can adjust as per the following given below:
- Select product;
- Select duration time;
- View the annualized interest rate;
Step 6: Now Click on the Transfer button, and the system will require a second confirmation about subscription information.
Note: Meanwhile, please ensure that you have sufficient assets available for Savings. (not in open orders and/or in your Margin account). And once you have entered the lot amount, the system will automatically calculate the expected interest after redemption.
Step 7: Here you will get the list of subscription information.
Step 8: Now after purchase confirmation, the system will transfer the asset from your spot wallet to savings wallet.
Step 9: Here you can review the subscription in the Savings/PoS page.
Step 10: The locked savings products will be redeemed automatically after maturation.
Binance Customer Support Number for Locked Saving Service
Once you have completed this process the assets and interest will be paid to your spot wallet all together. You can check your asset balance in your spot wallet page. However, meanwhile if you face any problem or need help to understand or how to use Binance Locked Saving Service you can freely call at Binance Phone Number and get online assistance of the experts to help you in understanding or solving the Blockchain related various other issues.