Are you looking for a reliable way to earn income without working? Well then, you’ve come to the right place. Binance Earn is a fantastic platform for crypto owners to earn decent passive income without any hard work.
With just a little knowledge about Binance, you too can earn incredible amounts of money in many different ways such as by promoting the Binance referral program, its Binance referral code, by staking, trading and more. The best part is, you can do it from the comfort of your home. All you need to do is sign up on Binance, get some crypto in your wallet and start earning. If you’re new to all this technical mumbo jumbo, don’t worry, we’ll guide you through it. This article contains a basic tutorial for Binance Earn as well as a brief Binance Earn review. For more information about the exchange, read our full Binance review.
What is Binance Earn?
Binance Earn is a collection of products that you can use to earn passive income for yourself. In essence, these opportunities provide an excellent method to stake your current crypto assets and get valuable returns. The Binance Earn mechanism provides a set of eyes and ears which you can use to make investments using crypto. The platform gives you all the data to help you make productive investments that yield good returns.
Binance Earn offers a range of products such as savings, Binance staking, BNB vault, launch pool etc. All of these come with different prospects that help you secure a stable and reliable source of passive income.
How Does Binance Earn Work?
You’ll notice that Binance offers two types of products, Guaranteed and High yield. Guaranteed earnings are more reliable if you are new to crypto and the Binance world. These products are designed for people who want a more stable approach with limited risks. It lists several cryptocurrencies that are safe to invest in and can bring guaranteed returns.
If you have limited knowledge about the crypto marketplace, don’t worry, Binance provides the data you need. The platform can direct you to those crypto coins which are popular in demand. What’s more, there’s even a section that lists the best coins for beginners. The maximum locked staking limit differs from coin to coin, so make sure to give it some thought before investing.
If you don’t want to invest in anything, you can head over to the savings category. Fixed and Flexible savings allow you to store your crypto and earn interest over time. It’s similar to opening a fixed deposit in a bank, except you’ll be doing it with crypto coins. Choosing Fixed savings means that you’ll have to commit your crypto for the entire fixed period before redeeming it. Meanwhile, Flexible savings allow you to redeem your stored crypto whenever you like.
Another way to earn is through the Launchpool, which allows you to stake in BNB and BUSD pools. A benefit to this is that you are rewarded with newly founded coins which you can use to invest further. Locked staking allows you to stake crypto coins for a fixed time. Like Fixed savings, you will have to commit your assets to the required time, which is different for every product.
Apart from these, Binance Earn keeps bringing the latest products for you to check out. One such product is the recently launched ETH 2.0 Staking, which allows you to stake the newly updated Ethereum 2.0. We encourage you to keep updated and check the platform for more valuable products.
High Yield products include Dual investments, which means you earn dual assets by investing in one crypto. Binance Earn also helps proxy users invest in prospects through DeFi staking. Binance Liquid Swap brings you the elements of liquidity pools, combining both centralized and decentralized services.
Is Binance Earn Safe?
This goes without saying that Binance Earn is absolutely safe and reliable for you to use. Whether it’s through Binance interest or Binance staking, you can get the best out of your money here. There is the risk of you losing money due to the value of your invested crypto decreasing. However, considering the possibilities this free platform brings to you, we have to say that it’s worth the risk.
How To Make Money With Compound Crypto
Compound interest is earned when you reinvest the interest earnings from stakings and savings. As a Binance Earn user, there are two ways you can easily earn some extra compound interest on your investments.
One way of achieving this is to reinvest your earnings back into the product you invested in. You can do this by re-subscribing immediately after the subscription period ends. In doing so, you will expand your earnings from staking or locked savings while simply reinvesting your profits.
If you’ve subscribed to flexible savings, you don’t have to re-subscribe your profits manually. Binance Earn provides an auto-subscription feature for those who want to compound their profits automatically. This will take your interests from your spot wallet and automatically invest them into flexible savings. What’s more, you can do this for profits from Binance staking as well.
Redeeming your earnings from Binance Earn is easy and can be done without any hassles. On the Binance website, simply click on the wallet option and head over to Earn. This will list all the available assets that you currently possess. Now simply select which coin you want and click on the redeem button to the extreme right side. Binance Earn will transfer your funds instantly into your spot wallet.
Yes, Binance Indeed pays you interest on the assets you are holding. In fact, growing interest is one of the primary ways which guarantee returns on Binance Earn.
You can earn interest on Binance by either staking or saving. For example, if you open a fixed saving on Binance, you are entitled to an interest amount. This amount will change depending on the rate and time for which your assets are invested. As for interest amount, Binance Earn has an interest calculator which shows you the estimated amount of interest earned.
You can earn from crypto holdings by saving it for a period of time as it increases in value. You can then sell off the assets to gain a considerable profit. Alternatively, you can trade or stake your assets using any of the prospects on the platform.