Binance Earn is a set of tools for passive income in cryptocurrencies that allows users to earn returns on their assets without the need to trade actively.
Key features of Binance Earn:
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1. Simple Earn
• What it is: Flexible deposit for cryptocurrencies.
• How it works: You simply deposit your coins on the platform and earn passive income. Returns can be fixed or variable depending on the product terms.
• Types of products:
• Fixed deposits — guarantee a fixed income for a certain period.
• Flexible deposits — the ability to withdraw crypto at any time, but profitability may vary.
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2. Staking
• What it is: Freezing cryptocurrency to support the functioning of a specific blockchain network (e.g., Proof of Stake).
• How it works: You put coins into staking and earn income from their use in the network.
• Products: Binance offers both fixed and flexible staking for various cryptocurrencies (ETH 2.0, ADA, DOT, etc.).
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