Binance Earn is a section within Binance where you can make your cryptocurrencies generate passive returns, similar to how you earn interest in a savings account. It works in several ways, depending on the product you choose:
Main types of products in Binance Earn:
1. Flexible Savings:
You can deposit and withdraw at any time.
Variable interest rate, usually low.
Ideal for maintaining liquidity.
2. Locked Savings:
You lock your funds for a fixed period (7, 30, 60, or 90 days).
Higher returns than flexible savings.
You cannot withdraw until the term ends.
3. Staking:
You participate in the network of a cryptocurrency that uses proof of stake (PoS).
Binance does it for you and pays you rewards.
There are flexible and locked staking options.
4. Launchpool:
You use your cryptos (like BNB or FDUSD) to farm new coins that are being launched.
They are usually for a limited time.
5. Structured Products (like Dual Investment):
More advanced and with more risk.
Returns depend on the asset price on a future date.
How to get started?
1. Go to Binance > Earn (or "Earnings").
2. Choose the product you are interested in (for example, "Flexible Savings").
3. Select the cryptocurrency you want to use (like USDT, BNB, etc.).
4. Enter the amount and confirm.
