The importance of using Binance Earn
#Automatic subscription in Binance Earn offers automation benefits to maximize passive earnings, as it automatically restarts subscriptions to Simple Earn or locked savings products and capitalizes the rewards generated for reinvestment. This helps to generate continuous compound interest without manual intervention and to reduce idle assets in the Spot wallet.
Main benefits
Maximization of earnings: By automatically reinvesting the earnings and expired subscriptions, the power of compound interest is maximized, allowing earnings to generate their own earnings.
Automation of the investment strategy: For locked savings products, the automatic subscription automatically renews your position at maturity, keeping the investment without having to act manually, details Binance.
Reduction of idle assets: The assets in your Spot account are automatically transferred to the Binance Earn products you choose, meaning your cryptocurrencies do not miss the opportunity to generate returns while they are in the wallet.
Generation of passive income: It allows you to obtain returns on your assets continuously without the need to perform manual transactions or try to predict the market.
Leveraging flexible products: For flexible products, the automatic subscription can reinvest your interest in the same Simple Earn flexible product, thus accumulating your earnings.
Leveraging locked products: You can schedule the automatic renewal of your locked savings subscriptions for the same duration when they expire.