On the Binance platform, Binance Earn allows users to earn returns on their digital assets in several different ways. Here is a simple and brief explanation of some of the products offered by the platform:
1. Flexible Savings Accounts:
You can deposit cryptocurrencies and earn interest on them daily.
You can withdraw your money at any time without restrictions.
2. Locked Savings Accounts:
They offer higher interest compared to flexible accounts, but you need to deposit funds for a set period (e.g. 7, 30, 60, or 90 days).
You cannot withdraw funds before the end of the specified period without losing interest.
3. Dual Investment:
It gives you the opportunity to earn high returns by betting on the price movement of cryptocurrencies.
This product is more complex and involves higher risk.
4. Staking Products:
It allows you to earn rewards by locking your cryptocurrencies to support different blockchain networks.
Periods can be flexible or locked depending on the type of staking.
5. Launchpool:
It allows you to earn new cryptocurrencies by depositing cryptocurrencies like BNB or BUSD into liquidity pools.
New coins are distributed to participants in proportion to their contribution to the pool.
This does not prevent some cases from being permissible or forbidden. Please take them into consideration. Good luck to you.
