How to Save as an Individual on Xend Finance using the website

How to Save as an Individual on Xend Finance using the website

Xend Finance allows you to save a portion of your income and get significant return allowing you to reach your financial goals quicker.

The currency you use to save is BUSD, a stable currency pegged to the Dollars.

1 BUSD = 1 Dollar.

So, basically, you’re saving in dollars, preserving the value of your savings.

To save on Xend Finance you need BUSD and BNB for transaction fees.

You have two savings options:

  1. Flexible Savings: Save, withdraw, manage your money for free at any time with up to 15% annual percentage yield (APY) and interests distributed daily. It's suitable for savers who need flexibility for their cash.

  1. Fixed Savings: Lock cash away for a fixed period of time with no access to it until maturity. It‘s suitable for users who need to save cash for a long time and earn better returns. 

Steps to make personal savings on Xend Finance

  1. Download MetaMask from https://metamask.io/ on your Google Chrome or Firefox

  1. Set up your MetaMask for Binance Smart Chain

Setting up your MetaMask

  1. Access the Settings on MetaMask
  2. Locate the Add Network in Settings
  3. Click the Add Network and input these details in the fields:

    Network Name: Smart Chain
    New RPC URL: https://bsc-dataseed.binance.org/
    ChainID: 56
    Symbol: BNB
    Block Explorer URL: https://bscscan.com

  1. Save and leave the Settings

Buying BUSD & BNB

  1. Visit Binance.com to buy BUSD & BNB
  2. Copy your wallet address from Metamask
  3. Do a withdrawal from Binance to the copied address

Save your personal savings on Xend Finance

  1. Click on Personal Savings on bsc.xend.finance
  2. Choose between Flexible and Fixed savings
  3. Input the amount of BUSD you want to save
  4. Click Save and connect to MetaMask
  5. Click Confirm and you have started saving on Xend Finance.