"Simple Earn" is a product from Binance that allows you to easily earn passive income by depositing your digital currencies into flexible or fixed saving or investment plans.
The idea is simple:
1. You keep the currencies you have in your account.
2. You subscribe to Simple Earn and choose between:
Flexible: You can withdraw the currencies at any time, but the earnings are lower.
Locked: You deposit the currencies for a specified period (like 30 or 90 days), and the earnings are higher.
3. You receive daily earnings in the same currency you deposited.
Example:
If you have $100 USDT and deposit it in Simple Earn, you will receive daily interest (based on the annual percentage rate APR) added to your balance.
💡 Advantage: Easy and requires no trading.
⚠️ Disadvantage: Earnings are usually lower than active trading, and some currencies may not be supported.
If you want, I can explain how to use it step by step in Binance.
