Binance Earn: Flexible vs Locked — what’s the difference?
One of the most popular sections of Binance Earn is Simple Earn, where users can earn rewards for staking crypto assets.
In Simple Earn, there are two main formats: Flexible and Locked.
Flexible allows you to redeem your assets according to the product terms without being tied to a fixed term. This option is often chosen by users who want to keep access to their funds.
Locked involves depositing assets for a specified period. The terms, durations, and potential returns depend on the specific asset and the available offer at the time of subscription.
Let’s look at a simple example. If a user has 100 USDT, they can choose either a Flexible or Locked product. Before subscribing, Binance displays the current APR (annual percentage rate) and other terms for the specific product.
It’s important to understand that APR may change depending on the asset and market conditions. That’s why potential earnings should always be assessed based on the latest information Binance shows right before you subscribe.
For users, this provides the opportunity to choose independently between greater flexibility or the terms of a specific fixed-term product.
One of the most popular sections of Binance Earn is Simple Earn, where users can earn rewards for staking crypto assets.
In Simple Earn, there are two main formats: Flexible and Locked.
Flexible allows you to redeem your assets according to the product terms without being tied to a fixed term. This option is often chosen by users who want to keep access to their funds.
Locked involves depositing assets for a specified period. The terms, durations, and potential returns depend on the specific asset and the available offer at the time of subscription.
Let’s look at a simple example. If a user has 100 USDT, they can choose either a Flexible or Locked product. Before subscribing, Binance displays the current APR (annual percentage rate) and other terms for the specific product.
It’s important to understand that APR may change depending on the asset and market conditions. That’s why potential earnings should always be assessed based on the latest information Binance shows right before you subscribe.
For users, this provides the opportunity to choose independently between greater flexibility or the terms of a specific fixed-term product.
