Binance Launches Unusual Discount Crypto Purchase Service

Exchanges

The world’s largest cryptocurrency exchange by trading volume, Binance, has launched an unusual service allowing users to buy digital assets at a discount.

The "Discount Purchase" feature is available under the Advanced Earn section and currently allows users to purchase Bitcoin and Ethereum below market price. To participate, users must select a target purchase price from the list and click "Subscribe."

How the service works:

• If the average market price on the specified date is equal to or below your target price, the full investment amount will be used to purchase the crypto at the target price.

• If the target price is below the market price but above the liquidation price, 50% of the funds will be returned, and the remaining 50% will be used to purchase crypto at the target price.

• If the market price is equal to or above the liquidation price, then the full investment will be returned along with a reward paid as APR (currently 30%).

So, in the third case, where BTC or ETH prices rise significantly, you earn 30% annualized profit. The first case might result in a loss or break-even, while the second guarantees a profit, though only half the amount compared to a full purchase.

Example:
If on August 1 the market price of Bitcoin is $120,000, and you selected a target price of $117,085 for a $1,000 investment:

• Only $500 will be used to buy BTC,

• The remaining $500 will be returned,

• And your profit will be $6.21, not $12.42, i.e., 2.42% instead of 4.84%.

See also: "Bybit and Tether Partner to Advance Cryptocurrency Adoption in Brazil"

#Binance #Buy

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