How to use Binance Customizable Fixed Deposits?

BinanceIssued on 2020/03/26 20:41    Content based on the original text . Link

1. Binance customizable fixed deposits can be subscribed to at any time so long as the product quota is available.

Enter the Binance website and click on 【Earn】-【Lending】 to find the customizable product of your choice.

Or you can click on 【Lending】-【Product】-【Fixed Deposit】to find the customizable  products.


Here you have the flexibility to customize Lending based on your needs. You can adjust the following:

  • select product;
  • select duration time; 
  • view annual interest rate;

2. Click on the Subscribe button, and the system will require a second confirmation about subscription information. 

Meanwhile, please ensure that you have sufficient assets available for Lending.  (not in open orders and/or in your Margin account). 

Once you have entered the  Lot size, the system will automatically calculate the expected coupon after redemption. 

About subscription information:

  • Coin: lending product you purchase;
  • Duration: maturation period you choose;
  • Lot size: minimum unit to purchase;
  • Interest per lot (annual interest rate): estimated interest and annual interest rate based on Coin and Duration;
  • Value date: interest calculation starting date;
  • Redemption date: value date plus duration;
  • Lot amount: decided collaboratively by available balance in spot wallet, maximum allowable lot size, and total product quota. 

3. After purchase confirmation, the system will deduct the asset from your spot wallet balance and you can review the purchase in the  【Assets】page. 

4. Redemption

The customizable product will be redeemed automatically after maturation. Assets and interest will be paid to your spot wallet together, and you can check your asset balance in your spot wallet 【Balance】 page. 

Fixed Deposit Lending Assets to Flexible Deposit Assets” is also supported if you would like to redeem your funds before the maturation period.