Would the Binance Card be too good? How does Binance REALLY make money from it? 🤔🤔
💳 I recently ordered my card and, talking to a friend, I saw that it ONLY HAS ADVANTAGES:
✅ Free and no annual fee; ✅ Offers cashback (in $BNB ); ✅ Allows automatic crypto conversion "at no cost" to pay for anything on Mastercard.
Since there are only positive points, I was pensive, after all, there is no free lunch. 😅
So, HOW DOES BINANCE MAKE MONEY FROM THIS? 💰💰
I went to research so as not to be surprised and discovered that the business model is quite clever. The profit comes from 3 fronts:
1. Interchange Fee: 🛍️ When we use the card, the merchant pays a fee to Mastercard and to Binance. Our cashback is, in fact, Binance returning part of what they have already earned from the merchant.
2. The "Spread": 🔄 The "at no cost" conversion? There is no explicit fee, but there is a spread. The "selling" quote of the crypto they use is a little lower than the "buying" price. This minimal difference x millions of transactions = profit. It’s an embedded cost.
3. Ecosystem: 🚀 It’s obvious if you stop to think... The card is the "glue" to keep us in the ecosystem. Want better cashback? You have to hold BNB (this creates demand for the token). Your cryptos stay on Binance (increasing liquidity). Recharge? Buy more crypto. And then they earn on trading fees (the main business).
Conclusion: 👍 The card is indeed very good and advantageous (no annual fee!). But Binance isn’t throwing away money. They earn from the merchant's fee, from the spread, and most importantly, in keeping us loyal and active on the platform.
$CFX 🚀 $CFX (Conflux) is gaining traction! The only public and permissionless blockchain that is compliant with Chinese regulations. 🔥 Fast, secure, and with very low fees — ideal for DeFi, NFTs, and Web3 games. 📈 Are we witnessing the rise of the next giant? #Binance #CFX #ConfluxNetwork #Web3 #CryptoNews
#CreatorPad is a way for Binance to empower content creators by offering financial rewards for their time and talent, while helping to build a stronger and more informed community within Binance Square.
#CreatorPad transforms your participation — whether by creating content, interacting, or trading — into tokenized rewards, while connecting crypto projects to an active and engaged global community. This helps to democratize content creation and values relevant contributions in the Web3 ecosystem. . Creation of customized campaigns: allows attracting creators to generate authentic and engaged content about the project.
Access to a community of over 35 million active monthly users on Binance Square, in more than 30 languages — ideal for reaching global and diverse audiences.
#CreatorPad transforms your participation — whether by creating content, interacting, or making trades — into tokenized rewards, while connecting crypto projects to an active and engaged global community. This helps to democratize content creation and values relevant contributions in the Web3 ecosystem.
#ProjectCrypto Resolve the trust issue between parties, allowing decentralized value transfers without intermediaries (like banks). .. to break some existing bureaucracies in banks. Which do not favor the users. With the crypto project, it aims to liberate the oppressed in executing their transactions ..
The BNB/USDT is currently at $809.83, with a notable increase of +0.96%, demonstrating robust performance in the market. The coin reached a 24h high of $810.14 and a low of $766.21, highlighting its volatility and trading opportunities. The volume of BNB traded in the last 24 hours was 341,330.23, while the volume in USDT reached 269.63 million, indicating high liquidity. The chart shows a clear upward trend, with the price above the moving average (MA60) of $807.80. The percentage returns are impressive: 2.82% today, 4.61% in 7 days, and 39.05% in 1 year, underscoring the growth potential of BNB.
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I entered the market with 2.9996 PEPE at a price of 0.00001124 USDT. The chart is starting to show signs of recovery after a slight correction. I believe this could be a good opportunity for the medium term, especially if the volume continues to increase. PEPE has proven to be a currency with great💪🦾 speculative potential, and I am keeping an eye👀 on possible upward movements🌡️. As always, I manage my risks and monitor the trends. Let's see how far this movement can go! #PEPE #CryptoAssets #Binance #HODL #TechnicalAnalysis #HumaFinance @humafinance #CryptoMarket #Opportunity #Trader
Binance Square Post 🚀 Great news for the DeFi world! Huma Finance is paving the way with its innovative under-collateralized lending and borrowing platform. It's amazing to see how they are making decentralized financing more accessible and efficient for everyone. Keep an eye on @Huma Finance 🟣 humafinance and the impact they will have! #HumaFinancea inance
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Financial freedom begins with the right knowledge. Follow @humafinance and learn how to use crypto, DeFi, and P2P responsibly and strategically. #HumaFinanceReal