Get Started with Binance Simple Earn Locked Products

Binance Simple Earn Locked Products provide higher rewards in exchange for your assets being committed for fixed terms with predetermined redemption dates. You can still choose to redeem your full balance at any time before the redemption date, but you will forgo any rewards you have received or accrued up to that point.

Subscriptions are immediate, and your assets will be transferred from your Spot Wallet into the chosen Locked Product upon confirmation of your subscription. Redemptions for Simple Earn Locked Products are open daily between 00:10 to 23:50 (UTC+0).

Each Locked Product has its own product and individual subscription limits. Once the limits are reached, subscriptions will no longer be processed, including Auto-Subscribe requests. These limits are subject to change at any time.

Locked Products will be automatically redeemed in full on the redemption date. You can choose to redeem your asset to your Spot Wallet, or subscribe to the Flexible Product of the same cryptocurrency in your Earn Wallet, along with the rewards accrued for the last day. Assets subscribed to Flexible Products will generate rewards every minute, and you can redeem them anytime. For more information, please refer to the detailed guide Get Started with Binance Simple Earn Flexible Products.

In case of early redemption, you will receive the full balance of your locked assets, minus any rewards you have received during the term, into your Spot Wallet within the next 72 hours.

In the event of extreme market volatility, network delays, or when there is an unusually large number of redemption requests, your redemptions might be delayed.

The Auto-Subscribe function helps you automatically renew your existing Locked Product position into a new locked term of the same duration upon expiry. Renewals will only consist of the original amount of your initial subscription, while rewards will continue to be sent to your Spot Wallet.

If the available quota for any particular Locked Product is filled, your position may not be renewed even if Auto-Subscribe is enabled. Once your position expires, your assets will be subscribed to the Flexible Product of the same cryptocurrency in your Earn Wallet. Auto-Subscribe is only available for selected Locked Products and is subject to change any time.

You can enable Auto-Subscribe for Locked Products on the subscription pop-up or from your Earn Wallet. Simply toggle on the [Auto-Subscribe] button next to the product to enable the function.

Please note that APR is subject to change daily. The estimated rewards displayed at the beginning of your subscription may differ from the actual rewards generated.

Once you subscribe, your assets will start accruing rewards at 00:00 (UTC+0) the next day. After the first full day of accruing rewards, your first distribution will arrive at your Spot Wallet on the following day. You won't receive rewards on the day of the subscription. Rewards are calculated and distributed to your Spot Wallet daily between 00:00 and 08:00 (UTC+0). However, due to network delays, system calculations, and other unforeseeable reasons, reward distributions might be delayed.

For certain Locked Products, the rewards distributed may be in different cryptocurrencies from the subscribed assets. For such cases, rewards will only be distributed with your subscribed assets upon the expiry of the fixed-term product.

Yes, your staked BNB in the BNB Locked Products are included in the BNB Balance Calculation Mechanism, From 2023-12-04, users who subscribe their BNB to Locked Products can automatically participate in Launchpool projects. Users can manually claim their Launchpool rewards from the BNB Launchpool Pool every hour. Unclaimed rewards will be automatically distributed to their Spot Wallets after the Launchpool session ends. Please note that this applies to users who reside in countries or regions where participation in Binance Launchpool projects is permitted. If more than one Launchpool projects are running simultaneously, the user’s BNB assets in the BNB Vault will be divided and assigned equally to each project, unless otherwise specified.

Please note that you’re still entitled to receive Launchpool rewards during the redemption waiting period.

Binance occasionally offers specific products to users in certain regions or to those who meet certain criteria. As such, some products may only be visible to eligible users.

You have the option to redeem certain Locked Products before the expiry date. Upon choosing early redemption, the assets will be returned to your Spot Wallet within 48 to 72 hours. However, any accrued rewards will be forfeited, and any rewards already distributed will be deducted from the returned principal.

Some Locked Products, such as free Locked Products distributed as rewards for certain marketing campaigns, cannot be redeemed early. This is stated in the campaign rules specified in the corresponding announcement.

The APR for Locked Products is determined by various meticulously designed factors to ensure sustainable and competitive rewards for Simple Earn users. The APR provided to Simple Earn users is discretionary and doesn't reflect any indication of profitability within Binance's various operations. Please note that the APR of Locked Products may be updated during a locked period.

You can check your rewards from Earn History.

Yes, you can choose where to distribute the Locked Product assets upon expiry from your Earn Wallet.

For more information about Simple Earn, please refer to:

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This document may have been translated and published in different languages. In the event of any inconsistency, misstatements, omissions, or errors appearing in any translated version, the English version shall prevail.