When you think about cryptocurrencies, the idea of becoming rich over a night become in your mind. Yeah, it's true that investing in cryptocurrencies may give you this much profit that turn you a rich guy without any effort. But as everything has a dark side, so investing in cryptocurrencies also have some dark sides to some extent and we called those dark sides as risk of cryptocurrencies.
we need to keep all those risks in our mind while investing in Crypto currencies. But It's also true that you get as much profit as you take the risk while investing. Sometime, you get a higher reward in return and some time you lost all your money.
That's why i think i a wise decision to invest our money in crypto currencies for short period of time. To avoid the bigger lost, we should follow the ways where the risk level should be low, doesn't matter the profit rate is not so high.
Risk Aversion
Risk aversion is a process where the invest his money in such a best manner that the level of risk is low down. There will be a very small rate of risk to lose the money. In risk aversion, the invester prefer the low profit rate in order to save himself from any lose or disappointment.
Best Risk aversion According to me
there are much ways to invest your money in crypto currencies and earn profit. All these ways shows the profit rate as well as the risks of investing in such crypto currencies are also can bee see. the higher the risk you take the greater the reward you can earn. The case can be opposite too. So risk aversion is best and should be first priority for beginners and for experts alike.
I have studied a lot of crypto accounts where we can invest our assets and i find out the Flexible Savings more secure as compare to all others.
Flexible Savings
The flexible savings are based on the decentralized binance. This platform encourage the new comers and experienced investers to invest their money and get reward in return. the best part of investing in such savings is that the risk rate is very low.
On flexible savings platform the reward rate is not much high but i prefer it because here the risk level is very small. You can invest your money here without having worries of losing your money. It is secure. If you take higher risk in any other savings to get good reward you might lose all your money as the digital world changes every second and the rate to crypto currencies veries every time. So if market goes down, than you may doomed but the chances of getting the higher rewards are present there equally. But if you don't want to take the risk then just creat an account on Binance.com and invest your money in Flexible savings.
KEY POINTS:
1-It is possible to subscribe and redeemed the flexible savings whenever you want. there is no time restriction.
2- The invester can cash their investment at any time without waiting.
3- When you subscribe the flexible savings, you interest start calculating and you can withdraw you interest just after two days after subscribing.
4- While subscribing, there are two option for redeem( fast redemption and standard redemption) your assets and you have to choose one.
Fixed savings
As the name refer, fixed accounts are such sort of accounts where your investment is keep in lock for specific period of time. You invest the crypto currency in fixed savings, the system keep you investment in a locked form for a specific duration. After that you are able to withdraw your money. Here in fixed savings the interest level is high as compare to flexible accounts but the risk rate is also greater.
Difference between Fixed and Flexible savings
1- Funds are locked: In flexible savings, you can withdraw your money at any time. you don't need to wait for a specific amount of time to passed away to withdraw the money.
In fixed savings, when you invest, you cannot withdraw money unless and until a specific time period passed away. Your money is locked and you can unlock it only after a specific time duration.
2- Interest rate:
In fixed savings, the interest rate is high but at the same time the risk level is also high.
In flexible savings, the risk level is low, profit rate is not as much as in fixed savings but you are save from any big lose.
3- Risk level:
The risk level is high in fixed savings
the risk level is low in flexible savings
How to Set an investment in Flexible savings
here i am going to define the steps of how we can set our investment in flexible saving account.
1- Google the Binance.com. A new page will be open.
2- If you have not registered in Binanace.com, then first registered your self by clicking on the Register button.
3- If have already using the Binance, then just login by entering your user name and password.
4- Click on the finance oprion from top manu bar. A drop down list will be shown. Select Binance earn. A new page will be open
5- Click on the Fixed Terms button.
6- Click on view more.
7- A new page will be appeard where you need to enetr the coin you want to invest, the duration for which you want to invest your money, and how much ammount you want to invest.
Once you done the transaction, the assets you have entered to invest will be transferred from you spot wallet to your earn wallet. Once the time duration for which you have invested your assets passed, your money will be back to your spot wallets with profit.
Conclusion:
As risk level is low and there is less chance of lose, so i will prefer the Flexible savings over the fixed savings. The profit rate of flexible savings is not so high but you do not worry about any big disastrous. Here you can withdraw your assets any time you want. You don't need to wait for specific time duration to passed away for withdrawing the money as it happens in fixed savings.