Simple Earn
What is Binance Earn and how can it be used?
2020-10-30 13:33
Last updated: January 9, 2025
What is Binance Earn?
Binance Earn offers a range of products to help you easily grow your digital currency balances. These products, which include Simple Earn and advanced Earn products, are currently available for subscription on the Binance Earn platform, with new offerings added regularly.
Types of Earnings Offered on Binance Earn
Currently, all Binance Earn offerings are categorized into two types of earnings: Simple Earn and advanced Earn products. You can choose to invest your digital currencies for expected yields or opt for higher-than-average gains but with corresponding risks to the invested capital.
If you are a new cryptocurrency trader, you can start by choosing the products listed under [Simple Earn]. These products have relatively stable returns, and you will retrieve your capital upon redemption or at the end of the lock-up period, where applicable.
Simple Earn offers flexible products, locked products, ETH staking, and SOL staking. Similar to depositing in a bank, you can deposit your digital currencies and earn rewards on your idle funds.
Flexible products allow you to redeem your assets at any time you wish, while locked products require you to deposit your assets for a specified period. In return, you will generally earn a higher yield from flexible products. Please note that if you withdraw your funds early from locked products, you will also lose the accrued rewards.
ETH Staking
Binance offers an ETH storage service to provide users with an easily accessible platform to store their Ethereum assets. Get started with just a few simple clicks for only 0.0001 ETH, and Binance will bear the risks of exposure to on-chain penalties, where applicable. Binance applies a 10% fee on ETH staking rewards, which is deducted before distributing staking rewards and is used to offset operating costs, such as hardware and network maintenance related to setting up validator nodes. For more details, please visit the frequently asked questions about ETH staking.
SOL Staking
Staking SOL on Binance allows you to store Solana tokens (SOL) to earn staking rewards. The Binance platform reduces the barriers for users to stake Solana by offering an easy-to-use liquidity staking product that provides liquidity and lower minimum requirements, enhancing security, making it easier and more convenient to stake SOL. For more details, please visit the frequently asked questions about SOL staking.
1. Log in to your Binance account. Click on [Earn] from the top menu bar.
2. On the 'Overview' page, you will see the following dropdowns:
3- Scroll down to view a list of tokens participating in Binance Earn, along with the following filter options.
Search for Coins: Browse to check if the desired assets are available on Binance Earn
All Periods: Flexible or Fixed
All Products: Capital Guaranteed or High Yield
Asset Matching Checkbox: Filters for assets available in your spot account.
4- To see which Binance Earn offerings are available for each token, hover over and click the arrow button next to each token. To subscribe to available products, click [Subscribe].
5- Below the token tracker, you will see a profit calculator and featured products displayed.
To learn more about Binance Earn, visit the frequently asked questions page about Binance Earn.
The attached images explain how to activate Simple Earn
