Key highlights:
- Discount Buy lets users accumulate BTC, ETH, BNB, or SOL at a pre-set price or earn APR rewards if no purchase is triggered.
- Users select target and knockout prices, with returns based on market outcomes at settlement.
- A limited-time promo offers an additional 10% discount for eligible crypto purchases through August 11.
New structured product offers passive crypto accumulation and earnings
Binance has launched a new product designed for users seeking to accumulate cryptocurrencies without the stress of tracking daily price swings. Dubbed “Discount Buy,” the new feature under Binance Earn allows users to buy assets like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), or Solana (SOL) at a predetermined price below the current market — or earn fixed rewards if the market doesn’t dip low enough.
“Discount Buy is well-suited for users who anticipate limited price fluctuations and want to accumulate crypto at a discount without needing to time the market or monitor prices closely. It offers flexibility across investment scenarios, giving users more choices and opportunities in how they want to participate in the crypto market.” —Jeff Li, VP of Product at Binance
Here’s how it works: users commit stablecoins such as USDT or USDC into a fixed-term product with clearly defined parameters, including a Target Buy Price (the price they wish to buy at), a Knockout Price (a ceiling that impacts reward eligibility), and a fixed Annual Percentage Rate (APR). The final decision is based on the average market price recorded during a 30-minute window on the settlement date (from 07:30 to 08:00 UTC).
Depending on where the settlement price lands, three possible outcomes exist:
- If the price is at or below the Target Buy Price, 100% of the user’s principal is used to purchase the selected crypto.
- If the price is above the Target Buy but below the Knockout Price, only 50% of the principal goes toward the crypto purchase, and the rest is returned in stablecoins.
- If the price exceeds the Knockout Price, users receive their full principal back along with the advertised APR reward.
There are no trading fees when a purchase is executed, and once users subscribe, all product terms — including purchase and knockout prices, APR, and duration — are locked in. Funds remain unavailable for early redemption, ensuring full commitment until the product reaches maturity.
The bottom line
For crypto investors who favor a more passive approach, Discount Buy offers a compelling mix of potential discounts and guaranteed returns. By automating conditional purchases and offering a fallback reward mechanism, Binance’s new tool lowers the barrier to market participation during periods of price stability. With a limited-time 10% bonus on qualifying purchases until August 11, the product also presents a short-term incentive to explore this alternative investment strategy.
Source:: Binance Launches Discount Buy, Letting Users Accumulate Crypto Below Market Price or Earn APR