Binance cashback is profitable?
The best free alternative (or for that matter) is the binance card, which offers cashback on almost all types of purchases made. "Free" in quotes because actually applying for the card iniazialmente is free but on expiration, every four years, of said card if you want to renew you have to pay 25 euros to apply for a new one. The card works through the possession of the platform's native token the BNB, a strong token that before the crisis hovered around $300 or so while recently, with the crypto meltdown it has fallen fairly steadily to $200. In my personal opinion, a good way to invest in it as well since in the long run we could get the token back at much higher prices.
Pay close attention now, because I am going to show you the table according to which rewards can be received in percentages, don't make my mistake in thinking that the table remains invariable forever, the table obviously can undergo changes in the percentages of rewards received, due to positive or negative fluctuations in the BNB.
It immediately comes to the eye that owning less than 1 BNB and keeping the card for one's own expenses is not at all profitable but rather also leads to small losses, one above all the cost of recharging the Binance account, which before the transition to the new system that will take place at the end of September is 1 euro per recharge if one chooses the best method.
Now let's analyze the second level, I remind you that before the crypto crash the limit for this level was 25 Eur and not 15 that now. If you buy 1 BNB at the current cost you spend approximately 203 Eur (205 Dollar), let's say that monthly you spend on average for an ordinary family of at least three middle-class people between spending and current expenses during the month a 550 Eur (575 Dollar). This is equivalent to saying 550 Eur multiplied by 2%, an 11 Eur (15 Dollar) per month free cashback converted in BNB. In a year of stable spending, indeed if we add some costs to it that may be in the summer months clothes or dinners in expensive restaurants, some clothing or accessories for people or for the home, we reach a total of 160 Eur a year, out of a limit of 180 Eur in BNB.
Summing up means that in one year and two months you have paid back the initial 1 BNB for which you started earning with cashback, from there on it all becomes 100% profit. Don't to forget the fluctuations of the token, which in this historical period would also allow a very good return if staked and held. The cashback earned corresponding to 160 Euro in BNB, can be held and once the token go up again, sell it to make profit on profit. let's assume from realistic estimates that the token will return in a few months to 250 Eur (265 Dollar), our cashback if sold at that price would earn us 197 Eur or so. That is a positive delta of an additional 37 Eur (43 Dollar).
In my opinion the Binance card is absolutely worth it because the profit although not very high is there and with good market shrewdness you can choose an even more advantageous strategy. In this section we have discussed only level 2, but improve these calculations for the higher levels, obviously the higher the level, the higher the cashback, the higher the profit.
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