๐ฐ What is Binance Simple Earn?
Binance Simple Earn is a feature on the Binance platform that allows users to earn passive income on their crypto holdings. Itโs designed for both beginners and experienced traders who want to grow their assets without active trading.
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๐ฑ How It Works:
You deposit your crypto into a Simple Earn product, and Binance rewards you with daily interest. There are two main types:
1. Flexible Productsโ You can withdraw anytime.
2. Locked Products โ You lock your crypto for a fixed period for higher returns.
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๐ Key Benefits:
- Earn Daily Rewards Interest is paid daily to your account.
- Flexible Access. Withdraw anytime with flexible products.
- No Fees. No subscription or management fees.
- Supports Many Coins: BTC, ETH, USDT, BNB, and more.
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๐ Example:
If you deposit 100 USDT into Simple Earn (Flexible), and the annual interest is 5%, you'll earn around 0.013 USDT per day โ automatically.
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โ ๏ธ Risks to Know:
- Rates may change based on market conditions.
- Locked products canโt be withdrawn early.
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