What is Binance Earn?
Binance Earn is like a savings account, but in cryptocurrencies. You deposit your cryptos (for example, USDT, BNB, Bitcoin) and Binance pays you interest for keeping them there. There are different ways to do it depending on the level of risk and flexibility you want.
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Main types of products in Binance Earn
1. Flexible savings
What it is: You put your cryptos and earn daily interest.
You can withdraw them whenever you want.
Ideal for beginners.
Example: USDT flexible savings.
Tip: Start here. It's safe and you can withdraw your money whenever you want.
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2. Locked savings
What it is: You lock your cryptos for a fixed period (7, 30, 90 days, etc.).
Earn more interest than the flexible option.
You cannot withdraw them before the agreed time.
Tip: Use it only if you're sure you won't need those cryptos during that time.
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3. Simple staking (Simple Earn Locked)
What it is: Similar to locked savings but applicable to coins that use staking (like BNB or ETH).
It gives you interest for helping to secure the network.
Tip: Only use known coins and check that it says 'secured staking' or 'no risk of loss'.
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4. Auto-Invest
What it is: An automatic system that buys and puts your cryptos into savings every day or month.
It's useful for saving without realizing it.
Tip: Ideal if you want to save little by little every day.
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Steps to start easily
1. Go to Binance and navigate to 'Earn' or 'Simple Earn'.
2. Choose a stable coin like USDT or BUSD.
3. Select 'Flexible'.
4. Enter the amount you want to invest.
5. Done! You will start earning interest every day.
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Extra tips
Don't put all your money: Always leave some available outside of Binance Earn.
Start with flexible, and when you are more confident, try the locked options.
Always read the interest (APR) carefully: The higher it is, the more you earn... but it may have more risk.
Be cautious with products you don't understand: If you don't know how it works, it's better not to use it yet.
