Super Boost your Brave (BAT) passive income using Binance


I've already added an article on how to Boost your Brave (BAT) passive income using Binance Savings. This will take the learnings from that post and present a new method for earning even more from your BAT savings.

Binance provides a 0.44% APY on your BAT earnings on Binance. While it is not much, you can earn a bit extra if you were to move your BAT earnings monthly to Binance. For example, I receive an average of 10BAT a month. Without Binance, that equates to 120BAT a year. Moving it to Binance will give me 120.24BAT a year - an extra of 0.24BAT.

However, Binance allows you to convert your BAT to any other token at the fair market value price - you need to have 30BATs to do so. And if you look into Binance earnings, you can always find tokens/coins that have significantly higher returns. For example, AVAX gives you a 21.20% return.

So here is the super boost algorithm:

  • Migrate your BAT earnings to Binance as soon as they vest
  • Put your BAT earnings into Binance Savings and earn 0.44%
  • As soon as you get 30BAT, convert it to some other token, for example, AVAX
  • Put your AVAX (or any other token) into Binance Savings and earn even more

So in my AVAX example, here are the earnings I would make (assuming the current market price for AVAX and BAT)

  • Not doing anything and keeping BAT in Gemini: $79.20 / year
  • Moving into Binance and use Savings on BAT: $79.39
  • Converting BAT to AVAX as soon as possible: $123.26

If you want to play with this model, here is a Google Sheets you can clone and modify to your need.

 

 

How do you rate this article?

16



k88.io Presents: The World of Crypto
k88.io Presents: The World of Crypto

Just another blog about the world of Cryptocurrency

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.