What is Binance Dual Currency Investment? Binance APP dual currency investment subscription operation tutorial

Binance Dual Currency Investment: Detailed explanation of high-yield financial management products and operating guide

Binance Dual Currency Investment is a high-yield financial management product on the Binance platform. It combines the characteristics of fixed deposits and option trading, suitable for investors who want to obtain passive income but do not have an active trading plan for the time being. This article will explain in detail the operating principles, risks and benefits of dual currency investment, and provide Binance APP operation graphic tutorials.

1. What is dual currency investment?

Dual currency investment is an investment product involving two assets: stablecoins (such as USDT) and specific cryptocurrencies (such as BTC, ETH). Compared with other Binance financial products, it is more suitable for investors holding mainstream coins and provides higher returns potential. However, its returns are closely related to market price fluctuations, so you must understand the risks before participating.

Dual currency investment is essentially a derivative of cryptocurrency assets. You use cryptocurrencies such as BTC and USDT to subscribe, and the product has an expiration date. The due date will be based on the settlement yen price and pegged price, and different currencies (two currencies, so it is called "dual currencies") will be returned, and the promised interest will be paid. Binance offers a variety of dual currency investment products, covering different pegged prices, interest rates and maturity dates.

2. The operating principle of dual currency investment: buying low and selling high strategy

From a professional perspective, participating in dual currency investment is equivalent to issuing a limit order at the "peeled price". For example, BTC-USDT dual currency investment means that you issue a limit order for BTC to exchange for USDT at a specific pegged price.

Closing day:

• Price is higher than the peg price: When the limit order is sold, you receive USDT and promised interest.
• Price is lower than the peg price: If the limit order is not sold, you will receive the initial principal and promised interest.

You will receive fixed interest regardless of the settlement date price.

3. Binance dual currency investment operation steps

1. Register a Binance account and complete KYC certification.
2. Enter Binance Dual Currency Investment Page.
3. Select currency and model (buy low or sell high).
4. Select the settlement date, target price (link price) and subscription amount.
5. Confirm the subscription. You can also select "Newbie Mode" for easier operations.

IV. Risks and precautions

• Price fluctuations risk: Cryptocurrency prices fluctuate violently, which may cause actual returns to be lower than expected and even cause losses.
• Fund lock-up limit (opportunity cost): Funds are locked during the investment period and cannot be used for other investment opportunities.
• Exchange Risk: Choosing a reliable trading platform is crucial.

5. Time and suggestions for Binance dual currency investment

Dual currency investment is suitable for investors with moderate risk tolerance and who want to obtain higher interest returns than traditional deposits. It is recommended to participate with caution after fully understanding its operating mechanism and risks. Pay close attention to the market conditions and choose the right time to invest.

6. Summary

Binance Dual Currency Investment is a high-yield and high-risk financial product. Before participating, be sure to read the relevant terms carefully and make rational decisions based on your own risk tolerance. Hope this article helps you better understand and use Binance Dual Currency Investment.

The above is the detailed content of What is Binance Dual Currency Investment? Binance APP dual currency investment subscription operation tutorial. For more information, please follow other related articles on the PHP Chinese website!