I'll explain in simple terms how Binance Simple Earn works 👇
Simple Earn allows you to earn interest on the cryptocurrency you already hold. It's similar to a bank deposit: you give your coins for use by the exchange/network and receive rewards.
Types of products
1. Flexible (Flexible products)
You deposit cryptocurrency and receive daily income.
You can withdraw at any time (income will stop accruing).
The interest rate is usually lower.
2. Locked (Fixed products)
You freeze the asset for a certain period (7, 30, 60, 90 days, etc.).
The yield is higher than that of flexible products.
If you want to withdraw earlier — either it's not allowed, or you will lose part of the income.
3. Staking (Staking through Simple Earn)
Your coins participate in supporting the blockchain (for example, ETH, ADA, SOL).
Rewards come from the network, and Binance simply distributes them among the contributors.
How income is calculated
Interest (APR / APY) is stated on the product page.
Accrual occurs daily, usually in the same currency you invested (for example, deposited USDT → receive USDT).
You can enable Auto-Subscribe - income and free assets are automatically reinvested.
