What is Binance Learn and Earn?
Binance Learn and Earn is an educational initiative by Binance, the world’s largest cryptocurrency exchange, designed to promote blockchain knowledge. Users can watch educational videos, read articles, and complete quizzes to earn small amounts of cryptocurrency. The program partners with various crypto projects to offer rewards in tokens like Shiba Inu (SHIB), Astar (ASTR), and others, though available rewards rotate periodically. It’s a win-win: you learn about crypto, and you earn free tokens for your efforts.
Note: The Learn and Earn program is only available to specific Binance users, typically new users who have completed Identity Verification within a set period. Rewards are limited and distributed on a first-come, first-served basis, so act quickly when new campaigns launch.
Step-by-Step Guide to Using Binance Learn and Earn
Step 1: Create and Verify a Binance Account
To participate in Binance Learn and Earn, you need a verified Binance account. Follow these steps to get started:
Visit Binance: Go to www.binance.com or download the Binance app from the App Store (iOS) or Google Play (Android).
Register an Account:
Click on the [Register] button on the Binance homepage or app.
Enter your email address and create a secure password.
Agree to the terms of service and click [Register].
Complete Identity Verification (KYC):
Log in to your Binance account.
Navigate to the user profile section and select [Identity Verification].
Follow the prompts to submit identification documents (e.g., passport, driver’s license) and complete the verification process.
Verification is mandatory to be eligible for Learn and Earn rewards.
Enable Two-Factor Authentication (2FA): For added security, set up 2FA using Google Authenticator or SMS verification. This is highly recommended to keep your account secure.
Note: Binance Learn and Earn is not available in all regions (e.g., the U.S. or Canada for Binance.com). U.S. users can explore Binance.US, but features may differ.
Step 2: Access the Binance Learn and Earn Page
Once your account is verified, you can access the Learn and Earn program:
Log in to Binance: Use your credentials to log in via the website or app.
Navigate to Binance Academy:
On the Binance website, go to the top menu and select [Academy] or directly visit academy.binance.com.
In the Binance app, find the “Learn” or “Academy” section under “More Services” or the “Information” tab.
Find Learn and Earn:
On the Binance Academy page, look for the [Learn and Earn] landing page. This page lists all available courses and the crypto rewards you can earn.
Alternatively, check the Binance blog or announcements for new Learn and Earn campaigns, as they are updated frequently.
Tip: Rewards are limited, and campaigns may end quickly. Regularly check the Binance blog or the [Learn and Earn] page for new opportunities.
Step 3: Choose and Complete a Course
The Learn and Earn program offers short courses on various crypto and blockchain topics, such as specific cryptocurrencies, staking, or trading basics. Here’s how to complete a course:
Browse Available Courses:
On the [Learn and Earn] landing page, you’ll see a list of active courses with details on the crypto rewards (e.g., $3 worth of SHIB or ASTR).
Select a course that interests you by clicking [Start Course].
Engage with the Content:
Watch the provided educational videos or read the articles. These are typically short (a few minutes) and beginner-friendly.
Topics may cover specific cryptocurrencies (e.g., Bitcoin, Solana) or advanced concepts like futures trading.
Take the Quiz:
After completing the course material, you’ll be prompted to take a short quiz to test your knowledge.
Quizzes are usually straightforward, and answers can sometimes be found online or in the course content itself.
Example quiz questions might include: “Is KYC required to buy cryptocurrency?” or “What is a market order?”
Pass the Quiz:
If you pass the quiz, you’ll be eligible to receive the crypto reward. If you fail, you may be able to retake the quiz, depending on the campaign’s rules.
Note: Some campaigns may have additional requirements, such as sharing a social media post or purchasing a small amount of crypto. Check the terms and conditions for each course.
Step 4: Claim Your Crypto Rewards
Once you pass the quiz, you can claim your rewards:
Check Reward Eligibility:
Rewards are typically distributed within 48 hours if you meet all eligibility criteria (e.g., KYC completion, new user status).
Go to [Account] > [Reward Center] in your Binance account to view your reward history.
Understand Reward Value:
Rewards are often listed as a dollar amount (e.g., $3 in SHIB), but the actual token amount is calculated based on the market price at the campaign’s start. For example, if the token’s price was $100 at launch, a $3 reward would give you 0.03 tokens, regardless of current market price.
Reward Distribution:
Rewards are deposited directly into your Binance [Funding] or [Spot] wallet. You’ll receive a notification once the reward is credited.
Tip: If a course shows “All rewards redeemed,” the campaign’s reward pool has been exhausted. Stay tuned for new campaigns.
Step 5: Manage Your Earned Crypto
After receiving your rewards, you can decide what to do with your earned crypto:
Hold in Your Wallet:
Keep your tokens in your Binance [Spot] or [Funding] wallet for future trading or investment.
Stake for More Rewards:
Transfer your earned tokens to Binance Earn’s [Simple Earn] or [Locked Staking] products to generate passive income. For example, staking BNB in the BNB Vault can yield up to 20% APY.
Trade or Sell:
Use Binance P2P to sell your crypto for fiat currency or trade it for other cryptocurrencies on the spot market.
Withdraw Funds:
To cash out, transfer your crypto to your [Funding] wallet, then sell it via P2P or withdraw to an external wallet. Be aware of withdrawal fees and network costs.
Note: Crypto prices are volatile, and the value of your rewards may fluctuate. Always research (DYOR) before making investment decisions.
Step 6: Stay Updated for New Opportunities
Binance frequently updates its Learn and Earn program with new courses and rewards. To maximize your earnings:
Monitor Binance Announcements:
Check the Binance blog or [Announcements] section on the website for new Learn and Earn campaigns.
Follow Binance on social media or X for real-time updates.
Explore Other Binance Earn Features:
Beyond Learn and Earn, Binance offers other passive income options like Simple Earn, Locked Staking, and BNB Vault. These can complement your Learn and Earn rewards.
Join the Binance Community:
Engage with Binance Academy’s free resources to deepen your crypto knowledge and stay informed about new earning opportunities.
Tips for Success
Act Quickly: Rewards are limited and distributed on a first-come, first-served basis. Check the Learn and Earn page regularly.
Complete KYC Early: Identity Verification is required to participate, so complete it as soon as possible.
Be Aware of Taxes: Crypto earned through Learn and Earn may be subject to income tax based on its fair market value at the time of receipt. Consult a tax professional for guidance.
Stay Safe: Enable 2FA and use Binance’s Secure Asset Fund for Users (SAFU) features to protect your account.
Research Campaigns: Some campaigns may require additional actions (e.g., trading or social media sharing). Read the terms carefully to ensure eligibility.
Risks and Considerations
Volatility: Crypto prices can fluctuate significantly, affecting the value of your rewards.
Limited Availability: Not all courses or rewards are available in every region, and some campaigns may exclude users based on account status or location.
No Guaranteed Returns: While Learn and Earn offers free crypto, the amounts are typically small, and there’s no guarantee of future campaigns.
Scams: Beware of fake Learn and Earn promotions on unofficial platforms. Always use the official Binance website or app.
Conclusion
Binance’s Learn and Earn program is an excellent way to learn about blockchain and cryptocurrencies while earning free crypto rewards. By following these steps—creating a verified account, accessing the Learn and Earn page, completing courses, claiming rewards, and managing your crypto—you can make the most of this educational initiative. Stay proactive by checking for new campaigns and exploring other Binance Earn features to grow your crypto portfolio.
Start your journey today by visiting Binance Academy and diving into the Learn and Earn program. Happy learning and earning!