A **Simple Earning (ESRN) in Binance** refers to a straightforward way to earn passive income on Binance through flexible or locked savings, staking, or other yield-generating products. Here’s how it benefits users:
### **Benefits of Simple Earn on Binance:**
1. **Passive Income** – Earn interest on idle crypto assets without active trading.
2. **Flexible & Locked Options**
- **Flexible Savings**: Withdraw anytime (lower APY).
- **Locked Savings**: Higher yields for fixed-term commitments.
3. **Wide Range of Supported Cryptos** – Earn on Bitcoin (BTC), Ethereum (ETH), stablecoins (USDT, BUSD), and altcoins.
4. **No Fees** – Binance doesn’t charge for depositing into Simple Earn.
5. **Auto-Subscription** – Automatically reinvest earnings for compounding returns.
6. **Security** – Funds are held on Binance, a trusted exchange with strong security measures.
7. **User-Friendly** – Easy to use via Binance app/website with no technical knowledge required.
### **How to Start?**
1. Go to Binance **"Earn"** section.
2. Choose **Simple Earn** (Flexible or Locked).
3. Select a crypto and deposit funds.
4. Start earning daily rewards.
### **Best for:**
- Long-term holders (HODLers)
- Investors seeking low-risk returns
- Users who want to earn while keeping assets liquid
