Binance Earn is a platform where you can earn additional income by placing your idle crypto assets in various financial products. It is designed for crypto holders who want to grow their assets without trading.
Here are some main ways to earn:
* Simple Earn:
* Flexible Products: This allows you to deposit and withdraw your crypto at any time. It earns daily interest. It is best for flexibility and quick access.
* Locked Products: Your crypto is locked for a specific period (such as 30, 60, or 90 days). This usually offers higher interest (APR) compared to flexible products, but there may be conditions or penalties for withdrawal before the lock period ends.
* Staking: Earn rewards by locking your crypto in proof-of-stake (PoS) blockchain networks to help secure the network, such as ETH Staking.
* Dual Investment: This combines savings and options trading. It has the potential for high returns, but also comes with greater complexity and risk.
* Auto-Invest: This helps you automatically purchase crypto at a specified interval while earning passive income simultaneously.
Remember: The cryptocurrency market is highly volatile. The value of your investment can go up or down, and you may not get your capital back. You should consider your own risk tolerance before investing.
