The "Earn" option on the Binance app offers various ways to grow your cryptocurrency holdings by earning interest or rewards. Here’s a step-by-step guide on how to use Binance Earn:
1. Open the Binance App
Log in to your Binance account, or sign up if you don’t have an account.
2. Navigate to Binance Earn
Tap on "Earn" in the bottom navigation bar or access it through the "More" menu on the home screen.
3. Explore Binance Earn Products
Binance Earn offers several options for earning interest on your crypto:
Flexible Savings: Deposit funds and earn interest with the flexibility to redeem them anytime.
Locked Savings: Earn higher interest by locking your assets for a fixed period (e.g., 7, 30, or 90 days).
Launchpool: Stake your tokens to earn new tokens from Binance’s projects.
DeFi Staking: Participate in decentralized finance (DeFi) staking to earn higher returns.
Dual Investment: Earn by committing to buy or sell assets at a set price in the future.
4. Select an Earn Option
Choose the product that best fits your needs. If you’re unsure, Flexible Savings is a beginner-friendly option as you can withdraw anytime.
5. Subscribe
Tap on your chosen Earn product.
Choose the cryptocurrency you want to deposit and the amount.
Tap "Subscribe" or "Stake" to start earning.
6. Manage Your Earnings
You can monitor your earnings through the Earn tab. For flexible products, you can redeem your assets at any time. For locked options, you will need to wait for the lock period to end.
By using Binance Earn, you can put your idle crypto to work and earn passive income. Always be aware of the risks associated with each product, especially in more advanced options like DeFi staking or dual investment.