Binance Earn is a financial product that epitomizes the “passive cryptocurrency investments” available in the Binance ecosystem, giving new investors the option to choose a safe way to invest in cryptocurrencies and still earn huge profits. The Binance Earn category is very suitable for those starting out in the cryptocurrency market. Binance Earn will help you to realize that Crypto is neither a bubble market nor a scam. It really makes money if we invest it right.
What is Binance Earn?
Binance Earn is compared to a complete set of financial products that investors can use to grow their crypto assets on the Binance exchange. You can think of it as a cryptographic savings account. The difference between a regular savings account and this one is that cryptocurrencies are often more profitable.
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Ways to make money with Binance Earn
flexible savings
Flexible Savings is the most basic and simplest form of investment. As the name suggests, “savings” is the way you buy a currency and use that currency to save and earn interest. It is similar to a bank savings account. Binance exchange will provide support coins to make a deposit, your job is to choose a suitable high interest coin to buy and deposit to earn interest. The purpose of this form is to help coin buyers increase their profits from holding their coins. With Flexible Savings, the interest rate generally ranges from 0.5 to 6%/year and will change continuously.
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Fixed savings
This form has a few changes compared to the form above, your deposit time will be fixed on a cycle of 7 days, 14 days, 30 days or 90 days depending on your choice. Because it is fixed, your interest rate will be higher than flexible savings, usually 4%~7% in return you have to accept being locked to that currency for 14/4/30/90 days. used within the participation period and cannot be withdrawn immediately.
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launch pool
Launchpool is a new platform that allows you to farm coins from existing assets in your Binance exchange account. The coin will then be listed on Binance. The interest rate of new coins is usually above 10% ~ 100%/year (and there is constant change) during the period of coin cultivation, the greater the number of farmers, the lower the interest rate.
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BNB Vault Tren Binance Earn
BNB Vault is a BNB profit aggregator that combines various forms such as Flexible Savings, BNB DeFi Staking and Launchpool to deliver the best APY returns. After betting your BNB, you will receive the BNB Vault assets. Interest will begin to be calculated on the second day and rewards will be transferred to your account daily.
You can exchange your money at any time in two ways: express and standard. Quick Redemption allows you to redeem your BNB on the same day you apply, but you will lose interest accrued on that day. The standard redemption will return your funds the next day and you will still enjoy the interest accrued that day.
loan activities
Loan activities are events that appear frequently on the Activity tab. These activities are usually limited, so you need to sign up quickly. They can be much more profitable than Fixed Savings. Because this activity has a clearly defined time frame, if you want to participate, you must regularly update the plenary announcements or you will miss the opportunity.
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fixed stake
This form is quite simple, just keep Proof of Stake coins in your Spot Wallet, you can earn wagering rewards in that amount. However, there is another way to earn higher rewards when betting. Specifically, if you commit to lock your PoS currency for a period of 7 to 90 days, you can earn higher rewards. Basically, this form is similar to Flexible Savings and Fixed Savings, except at the staking point. Furthermore, Binance exchange also supports a number of coins which will also allow you to do Flexible Staking where you can stake your coins but still have the right to withdraw your assets if you want.
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Epilogue
Although Binance Earn does not make you money fast, it will help you to earn money safely. This form is very suitable for traders who have just entered the cryptocurrency market. Fortunately, the article above has provided you with the necessary knowledge before participating and making money with the Binance Earn model.
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