Binance Earn is a suite of products that allows you to earn interest on your idle cryptocurrencies, similar to a savings account. To apply, first deposit cryptocurrencies into your Binance wallet. Then, from the app or website, look for the "Binance Earn" or "Earn" section.
Within Binance Earn, you will see several options:
* Flexible Savings: Deposit your crypto and withdraw it whenever you want, earning a daily interest rate. Ideal for funds you may need quickly.
* Locked Savings: You lock your crypto for a fixed period (e.g. 7, 30, 90 days) in exchange for higher interest rates. You will not be able to withdraw them before the term.
* Staking: Participate in the validation of blockchain networks by locking your tokens to receive rewards. Rates vary and the lock-up can be flexible or fixed.
The key advice is to choose the product that best fits your risk tolerance and liquidity needs. To start, Flexible Savings is a good option, then explore Locked Savings if you do not need immediate access to your funds. Always review the interest rates and terms before committing your assets.
