Main conclusions

  • Users can earn daily rewards on idle assets by staking them into Simple Earn products with flexible or fixed terms.

  • Binance Simple Earn products can help you grow your assets, protect them from inflation, and diversify your portfolio.

Start making money on assets you don't use with Simple Earn!

Binance Simple Earn is an all-in-one platform that offers a variety of interest-earning subscription products for both cryptocurrency newbies and experienced users.

Do you have funds collecting dust in your Binance Spot Wallet? Make them work for you with Simple Earn products with flexible or fixed terms.

In this article, we'll share three key benefits of using Simple Earn to help your crypto portfolio grow.

Inflation protection

Fiat currencies are subject to inflation. Due to rising prices of essential goods around the world in the last couple of years, many have begun to look at cryptocurrencies as a potential hedge against inflation - even despite the volatility of the cryptocurrency market. Digital assets are said to be less sensitive to changes in interest rates and increases in the money supply.

To further offset the impact of the rising cost of living, cryptocurrency owners can earn additional income from their assets through Simple Earn products. They can earn daily rewards while choosing convenient conditions with the ability to withdraw their funds at any time.

Earn compound income with auto-subscription to Simple Earn products with flexible terms

Compound income is a fundamental financial concept in which accumulated income is continually reinvested over and above the original amount invested, or principal. Imagine you put $100 into a regular savings account with an annual percentage rate (APR) of 30%. Most banks charge interest monthly or quarterly, adding the interest earned during these periods to your original deposit.

With the auto-subscribe feature on Binance Simple Earn, you can automatically subscribe to daily rewards that will be awarded on flexible products every day.

Let's look at the table below to compare how much you'll earn with annual compounding and daily compounding if your principal is $100 and your APR is 30%:

Year

Annual accrual

Daily accrual

0

$100,00

$100,00

1

$130,00

$134,97

2

$169,00

$182,17

3

$219,70

$245,87

4

$285,61

$331,85

5

$371,29

$447,89

6

$482,68

$604,52

7

$627,49

$815,91

8

$815,73

$1101,23

9

$1060,45

$1486,32

10

$1378,58

$2006,08

An excellent solution for portfolio diversification

Diversification is an asset management strategy that involves allocating capital among different financial instruments and asset classes. The main goal of this strategy is to reduce the overall risks that can arise from storing most of your funds in one type of product.

Binance Simple Earn allows you to allocate a portion of your digital asset portfolio with a convenient tool for slow and steady growth. This way, users can have peace of mind and focus on other investment strategies for the rest of the portfolio. Additionally, users can subscribe their digital assets to flexible products and receive daily rewards. Binance Simple Earn supports over 3,000 tokens and offers a variety of options with both flexible and fixed terms. And most importantly, Binance provides complete protection for your assets.

Simple Earn Products

Binance Simple Earn offers products with flexible and fixed terms. Users can choose a convenient option to increase their assets.

Products with flexible terms

You can subscribe to a flexible product and withdraw your assets at any time, while still receiving rewards every day. In other words, your assets are always at your disposal.

Products with fixed terms

Fixed products have a higher APR, but users commit their assets for a specific term: 30, 60, 90 or 120 days. Locked assets can still be withdrawn at any time, however, in this case, earned rewards will be lost.

Autosubscribe

This Binance Simple Earn feature makes compounding as easy as possible. When activating an auto-subscription, all earned rewards will be transferred daily to the selected product with flexible conditions. And users who choose fixed products can easily earn daily rewards and not have to monitor the deadline.

Where to begin

Ready to make money with Simple Earn? Simply register an account on Binance and download the app. Then complete identity verification and go to the Simple Earn page to deposit assets into your chosen product and receive daily rewards.

Learn about Simple Earn in the following articles:

  • (Support) Introducing Binance Simple Earn

  • (Support) Getting Started with Flexible Products from Binance

  • (Support) Getting Started with Binance Simple Earn Fixed Terms Products

Risk warning. Cryptocurrency prices are subject to high market risk and volatility. You should trade or invest only in products that you know and understand the risks associated with them. Before investing, you should evaluate your investment experience, financial situation, investment objectives and risk tolerance, and consult an independent financial advisor. This material should not be considered financial advice. Past performance is no guarantee of future performance. The value of invested capital may rise and fall. You may not get your invested funds back. You bear full and exclusive responsibility for your investment decisions. Binance is not responsible for your trading losses. Please review the Terms of Use and Risk Disclosure for more information.