What Is Binance Earn and How to Use It
What is Binance Earn?
Binance Earn offers a suite of products for you to grow your crypto holdings easily.
Flexible Savings, Launchpool, BNB Vault, and more opportunities are available on the platform. Binance will regularly launch high-quality products for Binance Earn, so make sure to check them out regularly.
How to use Binance Earn?
Log in to your Binance account and click [Finance] - [Binance Earn] to view all the products.
Currently, Binance Earn offers 2 types of earnings - Guaranteed and High Yield. Users can choose to invest their crypto in stablecoins for predictable returns, or high-yield staking coins that provide higher than average gains but with corresponding risks to your invested principal. Please only invest what you can afford to risk, regardless of how high the potential rates of return are.
If you are new to crypto, you can get started with the products listed under [Guaranteed]. These products have relatively more stable yields and you can get back your principal after the locking period.
To search for crypto to invest, click on the drop-down menu to find your desired crypto, or click [Popular Coins] or [Best for Beginners] to see our suggested lists. Click [Search Coins] to search.
If you are looking for specific Binance Earn products, scroll down and click [View More] to enter the respective pages.
Savings offers two types of products - Flexible Savings and Fixed Savings. Similar to a bank's demand deposit, you can deposit your crypto and gain daily interest from your dormant funds.
Flexible Savings allows you to redeem your assets whenever you need, while Fixed Savings requires you to deposit your assets for a fixed period and in return, you earn a higher return than Flexible Savings. Please note that if you withdraw your funds in advance from Fixed Savings, you will also lose the interest gained.
Activities are high-yield staking opportunities offered jointly by Binance and various projects. You can lock the corresponding assets into the platform to obtain higher returns. Subscriptions will be closed once they reach the maximum limit. Please follow Binance Announcement for details on new Activities.
When users stake their crypto assets in DeFi projects, such as by providing liquidity to a liquidity pool, they will get rewards. By reinvesting these rewards, users can start a process known as Yield Farming.
Launchpool is the perfect option for users to farm new assets. You can acquire newly launched tokens as rewards when you stake BNB, BUSD, and other crypto assets. You can withdraw your deposited assets at any time, and rewards are distributed every hour.
1.3 BNB Vault
BNB Vault is a capital-guaranteed investment product to help you put your idle crypto to work.
By investing in the Vault, BNB HODLers can easily invest in both centralized and decentralized finance products in just one easy step, with maximized yields and benefits from multiple opportunities available in the Binance ecosystem.
1.4 Locked Staking
You can gain rewards through Locked Staking by staking crypto assets on the blockchain. You can redeem these assets after you successfully subscribed, but please note that redemption requires a certain unlocking period. This locking period differs based on the product chosen.
1.5 ETH 2.0 Staking
Binance launched the ETH 2.0 Staking service to provide everyone with an accessible Ethereum 2.0 staking. Get started in a few clicks with just 0.1 ETH, and Binance will cover all validator operating expenses and bear the risk of on-chain penalties. All on-chain staking rewards will be distributed to users.
2. High Yield
Besides “Guaranteed”, Binance offers users a series of high yield products with relatively higher risks. Please DYOR before getting started.
2.1 DeFi Staking
DeFi (Decentralized Finance) provides decentralized financial services through smart contracts on a blockchain. Binance introduced DeFi staking to help proxy users participate in related decentralized projects. You can now access the world of DeFi easily on Binance, without having the need to manage private keys, acquire resources, make trades, or perform other complicated tasks required for DeFi Staking participation. Earn the highest possible returns in the most simple and safest way.
Please note that DeFi products must be locked for a fixed period. If you need to withdraw your assets in advance, you may lose your corresponding rewards. Please read the product rules for more details before you participate.
2.2 Dual Investment
Dual Investment lets you deposit a single cryptocurrency and earn yield based on two assets. You can commit your crypto holdings and lock in a savings yield, but you will earn even more if the market price of their committed holdings increases. Dual Investment provides you with much more control over your risks.
The return on your savings will depend on how the crypto market has moved since the day you invested your crypto into Binance Dual Investment. When the product expires, you may choose to settle with one of the assets from the two options (such as BTC or BUSD). It offers non-guaranteed floating earnings, you can obtain the highest possible earnings while satisfying your digital asset risk management needs.
On the expiry date, the final settlement currency is determined by comparing the settlement price and the strike price. If the market price on your crypto holdings increases and your earnings exceed the savings rate, you’ll get the higher amount. If the market price on your crypto holdings dips or your earnings is below the savings rate, you’ll still get the yield from your savings. The bottom line is that your return will always be allocated to your benefit.
However, please note that your order cannot be redeemed in advance.
2.3 Binance Liquid Swap
Binance Liquid Swap embraces the principles of liquidity pools. It combines the advantages of centralized and decentralized financial services, allowing users to obtain high annual returns by providing liquidity to liquidity pools on Binance.
You can also swap cryptocurrencies in the liquidity pool and enjoy the benefits of low slippage and low handling fees, or remove assets at any time, but you will need to pay a handling fee if you swap only a single asset in the pool.
Ready to start earning passive income? Click [Finance] - [Binance Earn] to explore the products today.