When starting to invest in crypto, most choose spot trading. However, with idle assets, passive investing becomes an attractive option — and Binance Earn is the ideal platform to get started.
What is Passive Investing?
This is a strategy for generating long-term income from digital assets without the need for frequent trading. In crypto, popular forms include: staking, yield farming, lending… each method comes with its own returns and risks.
Pros & Cons
Advantages:
Stable growth: Earn rewards even when the market fluctuates.
Saves time: Does not require frequent monitoring.
Clear strategy: Easy to maintain a long-term investment plan.
Restrictions:
Less flexible: May require locking assets.
Market risk: Vulnerable to downturns.
Centralization: Some products depend on large assets.
What is Binance Earn?
Binance Earn is a platform that helps users generate passive income from crypto assets through two product groups:
Simple Earn: Simple interface, similar to savings deposits, including Flexible, Fixed, ETH/SOL Staking, and Soft Staking.
Advanced Earn: Higher returns but corresponding risks, including Dual Investment, Arbitrage, RFQ, and on-chain products.
How to Get Started with Binance Earn
Access [Earn] on Binance.
Choose the right product (Simple or Advanced).
View APR details, lock-up times, and registration.
Enter the amount, confirm participation, and start earning profits.
Quick Staking Guide
ETH Staking:
Register and receive WBETH, a token representing staked ETH.
WBETH can be traded, used in DeFi, and still earn rewards.
Want to withdraw ETH → Convert WBETH back and exchange at the rate.
SOL Staking:
Similar to ETH, stake to receive BNSOL, which can be traded flexibly.
Withdraw SOL by exchanging BNSOL at the current exchange rate.
Soft Staking:
Activate and receive staking rewards from the PoS mechanism.
No need to lock assets, suitable for those who prioritize flexibility.
Summary
Binance Earn helps you make the most of idle assets, creating passive income without the need for continuous trading. An optimal choice for both beginners and seasoned investors in the cryptocurrency market.