Earn For Passive Income

One of the fastest and simplest ways you can earn a passive income is through Binance earn. In the past, saving accounts could offer extremely high-interest rates. However, the average interest rate today hovers around a small percent, around 0.5%, for most conventional savings accounts with traditional banks.

With such low interest rates, it is becoming difficult for people to earn passive income or even protect their wealth due to high inflation. On the other hand, the users of Binance cryptocurrency can expect high gains on their assets. Despite this, however, most people are still yet to utilize these crypto-saving products.

If you are still in the dark about what Binance is, then you should understand how Binance Earn is beneficial to users in order to get a glimpse of this whole cryptocurrency-based ecosystem. Binance Earn helps rookies and advanced users earn higher yields even without making frequent trades.

As a user, you will get numerous ways to make money using Binance earn as several products provide principal guarantees that ensure the users’ initial deposit is still intact. Currently, you can get two types of earnings with Binance earn – Guaranteed and High Yield.

Payment Card For Debit Payments

Binance offers its users the chance to buy the things they love with crypto. The Binance card allows them to spend their preferred cryptocurrencies at over 60 million merchants globally. Users only need to transfer crypto from their spot wallet to their funding wallet, and they are ready to go.

With the Binance card, you can do anything that regular payment cards do and much more. The Binance card works like regular debit cards issued by banks. Users can top-up their card with money using the Binance Card App, usually in the form of Binance Coin (BNB) or Bitcoin.

Every time a user makes a payment, the card will use the balance for the card payments and deduct the expense from your balance automatically. With the Binance card, you no longer have to sell crypto to pay your bills as you can also keep HODling and only spend the funds you need to make payments with.

Loans For Easy Credit

People who do not know what is Binance usually wonder whether there are loans with Binance. The answer is yes. Binance also offers loans to its users, and these loans provide numerous options for different assets, including crypto, collateral, and interest rate. Users also get maximum loanable limits according to market conditions based on Binance’s internal risk management.

Only registered Binance users get access to Binance loans. Binance offers loans in several cryptos such as BTC, ETH, BNB, BUSD, and USDT. As collateral, Binance loans support various cryptos such as BTC, ETH, BNB, and BUSD.

Binance loan terms range from 7, 14, 30, 90, and 180 days. However, you can make payments in advance, bearing in mind that they will calculate interest according to the hours borrowed. Binance calculates interest hourly and bases the rate of interest on the time the user takes out the loan.

Margin And Derivatives For Leveraged Trading

Margin trading is a method where users trade crypto assets by borrowing funds. This type of trading allows users to get access to large sums of capital (that they may not have otherwise) in order to leverage up their positions. It amplifies the trading results and helps traders realise greater returns in successful trades.

Margin traders place orders to purchase or trade cryptos in spot markets. That means that the platform matches margin orders with spot market orders. Every margin-related order is actually a spot order. Meanwhile, for those traders trading Futures, the orders to purchase or sell contracts are placed in the derivatives market.

All Futures contracts are traded in the derivatives market, and the trading depends on the obligation to deliver assets on a future date. You cannot trade futures contracts on the spot market because futures relate to settlement of an underlying asset at a future date whereas spot relates to actual settlement right now. This is why margin trading and futures trading are carried out on two different markets.

Futures contracts also allow traders to bag huge profits by using leverage.

Launchpool For Crypto Investments

What is Launchpool? Binance has a complete ecosystem of services that is tailored to serve the majority of cryptocurrency users’ needs. People who use Binance may have seen Binance Launchpool pop up from time to time as they trade.

So, what is Launchpool? Launchpool is a platform that aims to support the crypto network by providing access to crypto investments for every Binance user. With the platform, users and investors can generate huge returns in the form of new tokens.

The solution offers benefits to users and to emerging cryptocurrency projects. Launchpool helps quality projects raise funds and, at the same time, allows crypto users and investors to make attractive returns.

Currently, Launchpool features 19 projects. The platform offers simple mechanics to earn free tokens. Users are also flexible to earn new tokens and control their existing assets. Moreover, the platform provides growth for projects and holders.

Conclusion

Binance is among the top, world-leading crypto exchanges. One benefit of using this exchange is that it has an extensive list of trading pairs. Additionally, its fees are relatively low compared to other platforms.

The platform uses also BNB coin as a utility token for everything on the exchange. This allows users to pay any transaction and trading fees at much lower rates than they would otherwise with other tokens/exchanges.

All-in-all, Binance has set itself up as a one-stop-shop for all the financial needs of a user entering the crypto ecosystem. Given the current trajectory and popularity of fintech, Binance is set to grow massively over the coming years as it combines spot trading, passive income, crypto debit cards, crypto loans, leveraged and derivatives trading, and crypto investments.

The post What Is Binance – A Whole Crypto Ecosystem Behind The Exchange appeared first on Coinrule.

https://coinrule.com/blog/crypto-automated-trading/preview-backtesting-our-new-rules/ Fri, 19 Jul 2019 07:44:15 +0000 https://coinrule.io/blog/?p=1009 A preview of how our Backtesting tool will look like. Test your automated rules in minutes with one click.

The post Preview: Backtesting Our New Rules. appeared first on Coinrule.

]]> We have outlined many times how important it is to backtest an automated trading strategy before launching it.

A backtesting tool makes the trader more confident about the likely result of his strategies and allows a detailed analysis of the historical performances of the rule. That gives the possibility to improve it, expecting even better returns in the future.

As announced a few days ago, we started a partnership with Kaiko that will be our data provider for our new Backtesting tool.

The Coinrule Tech team is currently working at full speed, developing the infrastructure needed to run such an important and powerful feature. Of course, we want to make sure that everything works well enough to provide the most precise possible results when testing your rules.

Meanwhile, we had the chance to test some of the more advanced rules our users will be able to create with our new rule page. Here are some preliminary results.

We started backtesting a Trend-Following strategy:

If price increases by 2% in one hour, BUY.

THEN if price goes up 4% SELL.

The stop loss is set at 1% from the entry price.

The first coin we used to test the strategy with was Litecoin, trading it versus Bitcoin in a period starting 1st of April to 6th of July. The strategy resulted in a loss of -18.42 %. It could sound like a bad result but, compared with the return of Litecoin in Bitcoin terms, the rule actually over-performed the buy-and-hold strategy by 8.16%.

Using Binance coin with the same automated trading strategy in the same period, the results were slightly better, with an overall loss of -8.36% but overperforming “the market” by 21.78%.

In the last three month, almost all Altcoins underperformed Bitcoin significantly, so the trend-following strategy was likely not the best one to take advantage of market conditions. On the other side, noticing that an active strategy can still over-perform versus passively holding the coins in your wallet should be interpreted as an encouraging result.

That considered, we decided to test a Contrarian strategy, taking advantage of price dips to buy. The parameters were as follows:

If price decreases 5% in one hour, BUY

THEN if price increases 7% from the buy price, SELL

The stop loss is set at 2% from the entry price.

The rule was tested with three different coins during the last three months and here are the results of the Backtest:

Any conclusion we can get from this first round of test? The new rule page will significantly improve the effectiveness of our rules with enhanced features and more options available to the traders.

We can’t wait to release them to our great Community!

Stay tuned and trade safely!

The Coinrule Team!

The post Preview: Backtesting Our New Rules. appeared first on Coinrule.

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