Something about the "Accumulated Interest" in Binance Earn (for
#cryptonuevos like me).
If you use your "Simple Earn" wallet you must have seen the amount of "Accumulated Interest"; well, I thought it was available balance to withdraw 😅... what a shame with the visit.
After looking for information everywhere, I understood that this number is a historical record. It is not money that is "trapped" there waiting to be taken out, but the sum of everything your capital has earned since day one when you started using that wallet.
If you use the Flexible mode on $USDT , your earnings are automatically added to the capital (for this you must have the "Automatic Subscription" turned on).
To "withdraw" your interest, you just have to:
1. Go to "Refund".
2. If you have several currencies in Simple Earn, select the one where you want to withdraw the interest.
3. It will always show you the maximum amount so you must edit it manually and enter the earnings figure.
4. This earnings will go to your Spot Wallet.
Done! The rest of your capital keeps working.
It's a way to save and access the earnings when you need them. That said, you are not going to become a millionaire.
Thanks to those who taught me that accumulated interest was a historical balance and not money that I could take advantage of. Am I the only one
#CryptoNuevo that this has happened to?
#BinanceSquare #simpleearn #usdt