1. What is Binance Earn & what makes it Special?
2.Startingg With Binance Earn: (Savings, Staking, Farming, & Dual Investment)
3. Earn Crypto Education
4. Conclusion
Binance Earn is a dedicated section of the Binance platform that allows users to earn passive crypto gains, in the form of yield (APY). The services available on Binance Earn include a crypto savings account, BNB vault, Dual investment solutions, DOT slot auctions, locked staking, liquidity farming, #DeFi products, and amongst others. Anyone who has a Binance account and some cryptocurrencies within the account is able to start earning passive crypto yield on Binance Earn! .
1. What makes Binance Earn Special?
🔸Reliability
🔸Security
🔸Simplicity
🔸100% yield (APY)
Sign Up and Earn Now 👇🏼
https://accounts.binance.me/en/register?ref=141895608
2. Starting With Binance Earn:
To start with Binance Earn, first thing you need to do is register an account on the platform.
The greatest thing with Binance is that you'll only need a single account to start using all of the platform’s services.
In other words, you won’t need a separate account for the NFT marketplace, or Binance Earn.
Everything is connected!
Binance Earn: guaranteed staking APYs.
Register on the exchange. Once you’re in, you’ll be prompted to complete the next step - verify your identity (KYC).
Binance Earn: (Savings)
Binance rent products available on its “Earn” platform.
Starting With “Savings” section, it includes
the following #Crypto services:
🔸Savings
🔸BNB Vault
🔸Auto-Invest
With Savings, you’ll be able to receive stable earnings, as well as pay zero fees.
How this works is very simple - you will be able to stake crypto (#BTC, #BNB, etc.), and receive stable interest rates.
There are 2 types of Binance savings and these are: Flexible, and Locked
For flexible, you’ll be able to withdraw staked funds any time. This appear to best for many users. That’s simply due to the fact that there are over 150 different assets supported in flexible savings
As the name might imply, locked savings will require you to lock your #crypto assets for a set period of time (usually 7, 15, or 30 days)
For lock staking it's about only 14 crypto assets supported in the locked version of the service.
The Vault works in a very similar way. But here you stake BNB coins, and the optimal (best) Binance interest rates are calculated and applied to your stake.
The potential APYs (Annual Percentage Yields) can reach up to 20%.
For auto-investing, you pick an asset, and then set up an automated, recurring investment plan.
On top of automated investments, you combine this feature with flexible asset staking & it'll allow you to invest in crypto, and continue earning a passive yield, at the same time.
Binance Earn: Staking
The next product on Binance Earn is Staking.
There are 4 different staking services to participate in:
🔸Locked Staking
🔸DeFi Staking
🔸ETH 2.0 Staking
🔸DOT Slot Auction
Let's dive into it's explanation 👇🏼
Locked staking & DeFi staking are both very similar but very different from one another due to stability.
For locked staking, users are able to lock their assets for a certain amount of time & earn with more-stable APYs.
Lower returns (APYs), but assets are more secure.
With DeFi staking, while Binance Earn does all of the hard work for you to stakes your assets on select staking pools, and the expected APYs are usually higher than with locked staking, the risks are higher, as well.
It all depends on your risk tolerance!
ETH 2.0 staking allows you to lock #ETH, for a seemingly long amount of time and earn an APY of up to 5%, 2%.
Some passive rewards will be paid out in the tokenized Binance version of ETH -BETH.
ETH 2.0 help ETH fans lock their Ether for a long period of time, thus to hodl.
DOT slot auction is probably the most interesting, yet confusing features of the Binance Earn ecosystem. In essence, it allows users to participate in certain Polkadot parachain auctions, and earn passive returns for the certain projects that they support.
Binance Earn: Farming
Yield farming is among the best-known and most widely used methods of earning passive #crypto gains on Binance.
There are three forms of crypto farming to participate in on #Binance:
🔸Liquidity Farming
🔸Swap Farming
🔸Launch Pool
Liquidity farming is the most popular type of yield farming. It’s very simple, and not difficult to understand.
When you lock up with a liquidity pool, as other people use your funds to trade, you earn a small interest, from the trading fees paid during those transactions.
Also, liquidity farming can also be risky too. If the market price of the asset that you’ve locked in a liquidity pool on Binance Earn plummets, you could risk losing a lot of money - in other words, the staking benefits that you’d receive wouldn’t compensate for your losses.
Moving on, swap farming is another feature that’s quite unique to Binance Earn.
As the name might suggest, users are able to perform crypto swaps, and earn a passive profit from each swap, in the form of #BNB coins.
Binance token launch platform is dedicated to launching tokens for new and up-and-coming crypto projects. Well - Binance has an alternative! The company’s dedicated launchpad allows new crypto projects to receive unparalleled exposure, and makes their launching phase seamless.
Binance Earn: Dual Investment
Dual investments offer advanced yield. As you use dual investments, you'll come across two types of products “Sell High” and “Buy Low”.
With Sell High, if the settlement price is higher than the target price, the product is considered “exercised”.
The supported underlying assets that you may check out are:
$BTC
$ETH
$SOL
$MATIC
$ADA
$BNB
$DOT
$BCH
$LUNA
$AVAX
$FTM
$ALGO
Crypto Education
With the help of Binance Academy, crypto enthusiasts are now able to study various crypto topics, and earn Crypto while learning.
Thanks so much for reading my Binance earn tutorial. Best of luck with all of your crypto APY earning ventures.
