I just deposited a little BTC from my cold wallet into Binance. Now, I want to try a few different financial products. I also bought a little P2P BTC with Interac E-transfer in Canada. There was no fee, but the spread was really high, I calculated around 5-6% difference between the market price of BTC and the cheapest trade sale available in CAD. It's by far the biggest spread I've paid.
- Why do people pay these high P2P spreads?
I am looking into Binance Earn, just to see what it's like, what it can do. I like the idea of enhanced (APY %). Double digit yields.
I only have BTC and a few stablecoins. And only have CAD$ (can't fund that in Binance).
I'd to know your experiences with the following:
- Flexible Savings
- Locked Savings
- Locked Staking
- DeFi Staking
- Liquid Swap
- Launchpool
- Dual Investment
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