This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is launching an exclusive promotion for our African community! New users of Binance Simple Earn* who complete subscriptions to USDT Locked Products on Simple Earn Locked Products can enjoy a 100% boosted APR on USDT Locked Products during the Promotion Period.
Note: *New users of Binance Simple Earn refer to users who have never used Binance Simple Earn prior to 2025-04-16 08:30 (UTC).
Promotion Period: 2025-04-16 08:30 (UTC) to 2025-04-30 23:59 (UTC)
Promotion Period: Subscriptions must take place between 2025-04-16 08:30 (UTC) to 2025-04-30 23:59 (UTC) to count as eligible subscriptions.
Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Refer to the table below and the notes in this announcement for more details.
Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.
Rewards Distribution: Distributed to users’ Spot Accounts On a daily basis. The first reward will be given the day after accrual starts (two days after subscription).
Buy USDT on the ‘Spot Market’, the 'Buy Crypto' page, or via the ‘Deposit’ page on Binance. Users can also deposit USDT to their Binance account.
Head to [Simple Earn], and search for USDT.
Select 14 days, and subscribe to USDT Locked Products to start earning 100% APR!
Binance Simple Earn allows users to earn daily rewards by depositing their digital assets for flexible or locked terms. Users may subscribe to or redeem assets from Simple Earn almost at any time, thus retaining great flexibility and liquidity over their assets while earning daily rewards.
The Promotion is only available to users who are enabled to use Binance Simple Earn Products, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.
This Promotion is only applicable to new users within the Africa region, excluding countries with applicable prohibitions or legislative restrictions, who have never subscribed to Simple Earn Products before 2025-04-16 08:30 (UTC) (excluding Nigeria & South Africa).
APR: The fixed rate will remain the same through the entire Locked Duration. For fixed rate, any available changes to the APR will only apply to your new, and not existing, USDT Locked Product subscriptions. APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. This Promotion is not associated with the issuer of USDT in any manner.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn.
Unlock period for Locked Products: One day.
Users may view their Locked Products subscriptions by going to Assets > Earn > Simple Earn > Locked.
For early redemption of Simple Earn Locked Products, assets are generally returned to your Spot Account within 72 hours after the redemption request. However, delays may occur due to exceptional circumstances such as extreme market volatility, network outages, protocol failures, or a high volume of simultaneous redemption requests. For more information on associated risks, please refer to the risk factor statement.
For more information, please check Locked Products FAQ.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
“Auto-Subscribe” function is not available for this offered product as this is a limited time Promotion.
Please note: The promotional APR offered by Binance is made available through a sponsored budget. This boosted APR for our valued Binance users is only available during the Promotion Period and for new Binance Earn users in the Africa region.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-16
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
