In the world of cryptocurrencies, one of the easiest ways to generate passive income is through Binance Earn. If you've ever wondered how much you could earn by leaving your coins in this product, I'll explain it with a simple example using 10 $USDT.
What is Binance Earn?
Binance Earn is like a “savings account” within Binance. You deposit your cryptocurrencies and, depending on the type of product, you earn an annual percentage called APR (Annual Percentage Rate).
Difference with a traditional bank:
-Earnings are calculated day by day.
-They are automatically added to your balance.
Example: 10 $USDT in Simple Earn
Let's assume you invest 10 $USDT in a flexible plan with an APR of 11.27%.
Plan details:
-APR: 11.27%
-Initial amount: 10 $USDT
-Duration: 30 days
Step 1: Calculate annual interest
Annual interest = 10 × 11.27% = 1.127 $USDT
This means that in a complete year you would earn 1.127 $USDT just with 10 $USDT.
Step 2: Calculate daily interest
Daily interest = 1.127 ÷ 365 ≈ 0.00309 $USDT
Every day your balance would generate approximately 0.0031 $USDT.
Step 3: Calculate interest in 30 days
0.00309 × 30 ≈ 0.0927 $USDT
In one month, with just 10 $USDT, you would earn about 0.093 $USDT.
Step 4: Amount comparison
Invested amount and Estimated earnings in 30 days
10 $USDT ≈ 0.093 $USDT
50 $USDT ≈ 0.46 $USDT
100 $USDT ≈ 0.93 $USDT
500 $USDT ≈ 4.63 $USDT
Binance Earn is a useful tool for those who want to make their cryptocurrencies work effortlessly.
Recommendations:
-Although small earnings may seem low, consistent growth is what matters.
-Flexible products allow you to withdraw funds at any time, more freedom than a fixed term.
Have you tried Binance Earn? Share your experience!
