I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank.
Yes, I can say staking in Binance is better than keeping money in Bank, on my personal experience I have left my bank with 400+$ and in almost 2 years I only get less than 10$ since I needed cash and decided to withdraw. I was surprised it's very small.
It's a yes if you also understand the risk behind this business, though Binance already established more clients all over the world and just how you give your example with your savings from the bank APY is much lesser compared to what Binance offer, if you have that trust and you have a good amount of money that you can hold for some time, taking advantage of what binance is offering might be fit for you. Earning while saving your money by means of staking all will depend on how you understand the potential profits.
Try with 10,000$ and see the difference, stakes are for rich people but also we have defi staking that takes 30,60,90 days just to get 3-15% returns I think this are better than yearly staking.
I agree. Staking pays more depending on the amount you are staking plus I believe those that might even want to stake even when their hodlin is small might see it as still getting some thing from t while they hodl that amount of time instead of just keeping them in wallets without earning those we might want to look at the risk but with an exchange like Binance, it is worth the try.
The risk is always needed to weight if you don't know how to balance you might see this as worthless but if you do understand the whole concepts Binance staking gives decent amount, just by staking your investment you will wait and see some growth from your initial investment.