I open threads and the first 100 messages (not that many, but you get the idea) are from entrepreneurs asking how to survive with their business selling at BCV and buying at P2P.
Yes, for an entrepreneur or SME in Venezuela, inflation is not just a number; it's an enemy that devours everything in its path. If you sell a product today at a certain rate and the dollar increases the same afternoon, what you received is no longer enough to restock the same merchandise.
Previously, I talked about what coverage titles are, and this time I'll talk about how they will protect your business.
A summary of Coverage Titles would be: Instruments in bolívars issued by the Central Bank that are "anchored" to the official exchange rate.
If you invest the bolívars from your daily sales in a title for 14 days, the BCV guarantees that at the end of that period, it will return your money adjusted to the new dollar rate, plus a small interest.
If the dollar rises from 350 to 400 Bs/$ while you have the title, your capital of Bs. 35,000 will automatically convert to Bs. 40,000 (approx). Your ability to repurchase raw materials remains, if not intact, at least closer to the target.
The Binance method
Currently, there is a very large percentage of Venezuelans using Binance to protect themselves from inflation, but they only leave their USDT there waiting to be sold, they do not put them to work, and that is where additional benefits like Simple Earn come in.
Binance Earn (Flexible Savings):
Buy USDT: Exchange your daily sales at the Binance rate.
Activate "Earn": Send those USDT to Simple Earn / Flexible.
Yield: You will receive daily interest (approx. 5% - 10% APR depending on promotions).
Availability: The best for a trader is that savings are flexible. If you need to pay a supplier tomorrow, withdraw the USDT instantly and use them. No withdrawal fees.
Step by step to put your USDT to work
Open the Binance App: Make sure you are in "Binance Pro" mode (you can change it by tapping the Binance icon in the upper left corner of the home screen).
Go to wallet or assets in some countries (wallet icon): In the bottom menu, on the right, tap the wallet icon that says "Wallets".
Select the "Earn" tab: At the top of the Wallets screen, you will see several tabs (Summary, Spot, Funds, Futures, etc.). Swipe left and tap the tab that says "Earn".
Tap on "Subscribe": If you don't have any assets there yet, you will see a yellow button that says "Subscribe".
Search for the currency (e.g., USDT): A list of cryptocurrencies will open. Search for USDT in the search bar or select it from the list.
Choose the type of plan (Flexible or Locked):
• Flexible: Ideal for traders. Interest is paid daily and you can withdraw the money whenever you want.
• Locked: For money that you are not going to use for 30, 60, or 90 days; it usually pays a bit more.
Enter the amount: Write the amount of USDT you wish to invest.
Activate "Auto-Subscription": At the end, you will see a switch for "Auto-Subscribe". If you activate it, Binance will automatically reinvest your daily earnings so you earn compound interest.
Confirm: Read and accept the Service Agreement and press the "Confirm" button.
Every day, starting from the second day of your investment, you can go to that same Wallets > Earn tab and you will see a bar indicating how much you have earned in total and the interest generated in the last 24 hours.
Frequently Asked Questions about Binance Earn
While you were finishing reading this article, the dollar probably changed price. Leaving your bolívars idle is the quickest way to lose working capital.
Protecting yourself from inflation is not a luxury, it is an operational necessity. By integrating Coverage Titles with strategies on Binance, you are creating a system of double protection: you safeguard your value against the official rate and generate returns in digital dollars.
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