Binance introduces ‘Discount Buy’ for below-market crypto purchases or earn rewards
Main Idea
Binance introduces a new feature called 'Discount Buy' allowing users to earn fixed APR rewards if their crypto purchase isn't executed, with specific terms and conditions.
Key Points
1. Users can sign up for 'Discount Buy' using stablecoins like USDC or USDT, selecting fixed-term products with preset conditions including Target Buy Price, Knockout Price, fixed APR, and Settlement Date.
2. The Settlement Price is calculated as the average market price over a 30-minute window, determining whether the purchase is executed (100% principal used), partially executed (50% purchase with 50% principal returned), or fully returned with APR rewards.
3. Funds remain locked until the Settlement Date, and terms cannot be modified once subscribed.
4. Users who subscribe between July 29 and August 11, 2025, will receive an additional 10% discount for successful crypto purchases through 'Discount Buy'.
5. The feature is designed to offer flexibility across investment scenarios, particularly in low-volatility markets, without the need for constant price monitoring.
Description
Binance has launched Discount Buy, a structured product that allows users to set target prices below current market rates for future crypto purchases or earn fixed APR rewards if the purchase isn’t executed, according to the information shared with Finbold on July 29. The product provides users with a way to accumulate crypto assets, such as BTC , ETH , BNB , or SOL , in low-volatility markets without the need for constant price monitoring. “Discount Buy is well-suited for users who anticipate l...
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