Binance Simple Earn is a one-stop hub where users can deposit cryptocurrencies to earn rewards. It offers two main types of products:
- Flexible Products: Allow you to deposit and redeem assets at any time, offering lower but more accessible yields.
- Locked Products: Require you to lock assets for a fixed period (e.g., 7 to 120 days) for higher APR rewards but with limited access until the lock period ends.[](https://www.binance.com/en/earn/simple-earn)[](https://www.binance.com/en/support/faq/what-is-binance-earn-and-how-to-use-it-bc076f0eb7fb4ae182de6c5eb8968dec)
Both are principal-protected in terms of token amount, meaning you get back the same number of tokens you deposited (though market price fluctuations can affect their fiat value).[](https://www.binance.com/en/earn/simple-earn)
How to Earn Money with Binance Simple Earn
1. Create and Verify a Binance Account:
- Sign up on Binance via [binance.com](https://www.binance.com), the Binance app, or X app.
- Complete Know Your Customer (KYC) verification to unlock full features, including Simple Earn.[](https://medium.com/%40Altaaf_ml/binance-simple-earn-6d726fadddef)
2. Deposit or Purchase Crypto:
- Transfer cryptocurrencies (e.g., BTC, ETH, USDT, BNB) from another wallet to your Binance Spot Wallet, or buy crypto directly on Binance using fiat (e.g., USD) via the "Buy Crypto" page.$BTC
- Simple Earn supports over 180 cryptocurrencies, including Bitcoin, Ethereum, and stablecoins.[](https://www.binance.com/en/earn)[](https://www.bitdegree.org/crypto/tutorials/binance-earn)
3. Access Binance Earn:
- On the Binance app or website, navigate to the "Earn" section (found under "More" on the app or directly on the website).
- Select "Simple Earn" from the available products.[](https://prisonprofessors.com/binance/a-beginners-guide-to-binance-earn/)[](https://www.binance.com/en/support/faq/what-is-binance-earn-and-how-to-use-it-bc076f0eb7fb4ae182de6c5eb8968dec)
4. Choose a Product:
- Browse available assets and products. Each lists the estimated APR and duration (Flexible or Locked).
- Use filters or search for specific coins (e.g., USDT, BNB). For example, recent promotions offered up to 16% APR on stablecoins like USDT or USDC for Flexible Products.[](https://x.com/binance/status/1861659084040081850)
- Flexible Products: Subscribe anytime, redeem anytime, with rewards distributed every minute (Real-Time APR) or daily (Bonus Tiered APR).
- Locked Products: Choose a lock period (e.g., 30 or 90 days) for higher APR, with daily reward distribution starting the day after subscription. Early redemption may result in loss of accrued rewards.[](https://www.binance.com/en/earn/simple-earn)[](https://medium.com/%40Altaaf_ml/binance-simple-earn-6d726fadddef)
5. Subscribe to a Product:
- Select the cryptocurrency and product type (Flexible or Locked).
- Enter the amount you want to deposit from your Spot Wallet.
- Review the terms (e.g., APR, lock period, reward distribution) and click "Confirm" to subscribe.
- You’ll receive an in-app notification confirming your subscription.[](https://medium.com/%40Altaaf_ml/binance-simple-earn-6d726fadddef)
6. Monitor and Redeem Earnings:
- Check your earnings in the "Earn Wallet" or "Simple Earn History" for Real-Time APR and Bonus Tiered APR records.
- Flexible Products allow redemption anytime to your Spot Wallet.
- Locked Products automatically redeem to your Spot Wallet at the end of the lock period or upon early redemption (with potential reward loss).[](https://www.binance.com/en/earn/simple-earn)[](https://prisonprofessors.com/binance/a-beginners-guide-to-binance-earn/)
Additional Ways to Boost Earnings with Simple Earn
- BNB Vault: A yield aggregator that combines rewards from Simple Earn BNB Flexible Products, Launchpool, and other sources. It’s a one-click way to earn multiple benefits on idle BNB.[](https://www.binance.com/en/blog/earn/10-ways-to-gain-bitcoin-and-other-crypto-assets-with-binance-earn-421499824684901476?hl=en)
- Launchpool and Megadrop: Eligible Simple Earn users (especially those with Locked BNB) automatically participate in Launchpool and Megadrop, earning rewards from new token launches.[](https://www.binance.com/en/earn/simple-earn)
- HODLer Airdrops: BNB holders in Simple Earn may receive airdropped tokens from projects listing on Binance.[](https://www.binance.com/en/blog/all/top-4-ways-to-earn-crypto-on-binance-beyond-trading-in-2024-421499824684900993)
- Promotions: Watch for limited-time offers, like the 19.9% APR on BounceBit (BB) Locked Products.[](https://x.com/binance/status/1900094982339375488)
Risks and Considerations
- Market Volatility: While the token amount is principal-protected, the fiat value of your assets may fluctuate due to market conditions.[](https://www.binance.com/en/support/faq/what-is-binance-earn-and-how-to-use-it-bc076f0eb7fb4ae182de6c5eb8968dec)
- Locked Product Risks: Early redemption of Locked Products may forfeit rewards, and funds are inaccessible during the lock period.[](https://medium.com/%40Altaaf_ml/binance-simple-earn-6d726fadddef)
- Platform Risks: Your deposits are protected by Binance, but no investment is entirely risk-free. Research the platform’s security measures.[](https://www.binance.com/en/earn/simple-earn)
- Opportunity Cost: Simple Earn yields may be lower than active trading or other high-risk products like Dual Investment, which offers floating returns but no principal protection.[](https://www.binance.com/en/support/faq/what-is-binance-earn-and-how-to-use-it-bc076f0eb7fb4ae182de6c5eb8968dec)
Tips for Beginners
- Start Small: Invest only what you can afford to lose, especially in Locked Products.[](https://www.quora.com/How-do-I-learn-to-earn-money-with-Binance-My-experience-is-beginner)
- Use Stablecoins: For lower volatility, consider stablecoins like USDT or USDC, which recently offered up to 12% APR.[](https://x.com/binance/status/1895474988330692880)
- Check Promotions: Follow Binance’s X account (@binance) or blog for high-APR opportunities.[](https://x.com/binance/status/1868808509346693311)
- Do Your Own Research (DYOR): Understand the product terms and market conditions before subscribing.[](https://www.binance.com/en-IN/blog/earn/make-money-with-crypto-10-ways-to-earn-bitcoin-and-other-crypto-with-binance-earn-421499824684901476)
Why Simple Earn is Not "Trading"
Unlike spot trading, futures, or margin trading, Simple Earn doesn’t involve active buying or selling to profit from price movements. It’s a passive income strategy where you lend or stake your crypto to earn rewards, making it ideal for beginners or HODLers who prefer low-effort investing.[](https://www.binance.com/en/blog/all/top-4-ways-to-earn-crypto-on-binance-beyond-trading-in-2024-421499824684900993)
Getting Started
To begin, visit [binance.com](https://www.binance.com) or download the Binance app. If you’re new, consider using a referral link for potential fee discounts. For detailed guides, check Binance’s blog or posts on X (@binance) for updates on Simple Earn offerings.[](https://www.binance.com/en/blog/earn/crypto-cheat-codes-best-ways-to-save-and-earn-on-binance-421499824684901605)[](https://x.com/binance/status/1917105275380605381)
If you have specific coins in mind or want details on current APR rates, let me know, and I can tailor the advice further! Always be cautious and verify information through official Binance channels.[](https://www.bitdegree.org/crypto/tutorials/binance-earn)