On Binance, automated earn accounts refer to features under Binance Earn where users can passively earn income on their crypto holdings. Here’s how it works:
1. Binance Earn Overview
Binance Earn is like a crypto savings account. You deposit your crypto and it earns rewards automatically. There are multiple products under Binance Earn:
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2. Types of Automated Earn Options
a) Simple Earn
Flexible: Withdraw anytime. Interest is earned daily.
Locked: Funds are locked for a fixed period (e.g., 30, 60, 90 days) with higher returns.
Automation: You can subscribe to auto-renewal to keep reinvesting earnings.
b) Auto-Invest
Like a crypto savings plan.
Set up automatic, scheduled purchases of crypto (e.g., BTC every week).
These are automatically staked or moved into earn products.
You earn rewards passively over time.
c) Liquidity Farming
You provide crypto to liquidity pools.
Binance automatically uses it for trading pairs.
You earn a share of the trading fees and incentives.
d) Dual Investment (less automated)
You earn high rewards by committing to sell or buy at a target price.
Has risk due to market movement.
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3. How to Set Up Automated Earn
1. Go to Binance app or website.
2. Navigate to [Earn] > [Simple Earn] or [Auto-Invest].
3. Select a crypto (e.g., USDT, BNB).
4. Choose Flexible or Locked.
5. For automation:
Enable Auto-Renew (for Simple Earn).
Use Auto-Invest to schedule regular buys and earn.
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4. Benefits
Passive income.
Compounds over time.
Low management effort.
Good for long-term holders.
