#BinanceEarn — this is a tool for generating potential income from cryptocurrencies that are already on Binance. It’s something very similar to a bank deposit, where you earn interest on your deposit, but in our case you receive it in cryptocurrency.

Instead of simply holding cryptocurrency without using it, you can place your assets in one of the available Binance Earn products and receive rewards in accordance with the terms of the specific product.

The easiest way to earn interest on your invested funds is via @Binance_Ukraine - on Simple Earn. Go in and choose the coin you believe can generate profit. The table can be sorted by APR (Annual Percentage Rate) so you can see which product offers the highest interest. Click on a coin to view the options for how long and at what interest rate you can subscribe to that product. There are a few important nuances here.

First are the profit figures. They look quite attractive, but you need to understand right away that this is the annual profit percentage. And if you don’t plan to invest for a full year, you should calculate the real profit rate separately (obviously by dividing by 12).

Second is the unlimited (flexible) or fixed option. Unlimited means you can withdraw your invested funds at any time, and the reward is calculated every minute. But here, the reward percentage is usually very small—for example, for $SENT just 0.78% per year or 0.065% per month.

A fixed option means that the funds are invested for a specific number of days, and if you withdraw them earlier, the rewards will be lost. In this example, you can see that in the fixed option, SENT funds can be invested for 30 days or 60 days (90 days are already sold out). However, if you want to withdraw your assets earlier than the set term, the rewards will be forfeited, and the funds will be returned to your spot account within 48–72 hours.

You can click Subscribe to see all the terms and conditions—subscription periods and the approximate rewards you can earn.

As we can see, when investing 1000 SENT for 30 days, we get 18 SENT, which is not 21.9%, because that is an annual interest rate, and 1.8% (21.9% / 12 months = 1.82% per month).

Risks

Let’s talk about the risks right away. Cryptocurrencies are subject to high volatility, and even if you invest SENT for a month, during that period it can drop by 10–15–20 percent depending on market conditions. As a result, you’ll end up with losses, not profit, because your 1.8% reward won’t cover the losses from the price decline.

If you have extra money and you don’t plan to trade it, you can try #BinanceEarn , but I would recommend investing only in stablecoins, $USDT , $USDC —there you can reliably get about 3% per year on large amounts and up to 7% on smaller amounts under $1000 (you need to check the details and terms of each asset).