Binance Simple Earn (Flexible and Locked Products)
How It Works: Deposit cryptocurrencies into Binance’s Simple Earn products to earn interest. Flexible products allow withdrawals anytime, while locked products require committing funds for a fixed period (7–120 days) for higher yields. Supported assets include Bitcoin (BTC), Ethereum (ETH), BNB, USDT, and stablecoins like BUSD.
Benefits:
Principal protection in terms of token amount (you get back the same number of tokens deposited).
Stablecoins minimize price volatility risk, offering predictable returns (APRs typically 1–6% for flexible, up to 10% for locked).
Easy to use for beginners; no active trading required.
Risks:
Market volatility can reduce the fiat value of non-stablecoin assets (e.g., BTC price drops).
Locked products restrict access to funds until the term ends; early redemption may forfeit interest.
Platform risks (e.g., Binance’s solvency or security breaches).
How to Minimize Loss