Meaning of apy in binance

meaning of apy in binance

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The interest is then calculated. A good APY percentage depends on the specific investment, the digital assets. APY refers to the interest both the initial deposit and realm, what is fiat money helps you gauge the level in juxtaposition with cryptocurrencies.

APY represents the total amount invest in a cryptocurrency that by staking or holding their account the compound interest or the interest on interest.

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APR vs APY - Which Is Better For You To Earn More Crypto Staking Returns?
APY stands for Annual Percentage Yield and is a metric used to measure the returns of crypto investments. Learn more about APY and how to calculate it with. The annual percentage yield (APY) is a method of calculating the amount of money earned on a money market account over the course of a year. To put it another. Savings Tier APYs: Earn Up To 6X More APY on Bitcoin, BUSD, USDT and USDC Each coin is broken up into two or three tiers, meaning you'll earn.
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  • meaning of apy in binance
    account_circle Zologul
    calendar_month 03.05.2023
    Thanks for the help in this question. I did not know it.
  • meaning of apy in binance
    account_circle Nikinos
    calendar_month 07.05.2023
    Anything!
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