User Beware Of ‘Binance Deposit’ Cryptocurrency Lending Service
What Is Binance Deposit?
Binance Deposit is a cryptocurrency lending platform for Bitcoin, Ethereum, and Litecoin. The platform seeks to create a financial system that is beyond traditional banks where users can earn profits from lending their cryptocurrencies.
Users on the platform can lend Binance Deposit their cryptocurrency for a specified period depending on the loan contract agreement signed by both parties. Once the loan matures, the Binance Deposit will return the cryptocurrency along with the interest rates.
How Binance Deposit Works
The platform provides various lending packages to its users. They include, Bitcoin Standard, Ethereum Standard, Bitcoin grow big, and Ethereum grow big. For the standard packages, users will receive 300% total money back over a period of 300 days and the money is paid every 24 hours. The Grow Big lending packages will have 450% total money back paid over 300 days.
Binance Deposit Advantages
The Binance Deposit website is well-organized and easy to use thus providing users with an easy way to manage any of their lending investments. The website also makes it easy for both novice and experienced traders to use the platform.
Binance Deposit Disadvantages
Security Of Funds Is Not Guaranteed
Users will be sending their funds to Binance Deposit; however, the platform does not indicate any measures that it has undertaken to guarantee the users that once they send their cryptocurrencies they will be paid back.
Extremely High Profits
The platform promises its users profits of up to 450%, which is highly suspicious since no legitimate business can make such returns consistently.
Binance Deposit Conclusion
Binance Deposit has important red flags that cannot be ignored; therefore, before deciding to send them cryptocurrency, it is highly recommended that you conduct prior due diligence or alternatively invest in verified platforms.
Disclaimer: This website is possibly a scam. We cannot confirm the validity of the features herein.