Hi everyone, I just need to know if the Binance Savings Program is considered staking / lending or none of that.
The reason I need to know that is that I'm from Germany and if we stake or lend our coins, the period we need to hold coins in order for them to become tax free goes up to 10 years (usually it's 1 year).
So if I put any of my coins in the Binance Flexible Savings Program for a week or so, I'm sure my coins will be used by Binance for some task, otherwise why would we get interest in return? The question is, what is this process to be considered? Lending? Staking? Just holding?
Any information in this regard will be greatly appreciated.
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