Generating Passive Income with Binance Earn:
Binance Earn is an integrated platform that offers several investment options to generate passive income from cryptocurrencies. Some options are:
Savings: You can allocate your cryptocurrencies into flexible or fixed-term savings accounts. Flexible savings allow you to withdraw your funds at any time, while fixed-term savings offer better returns but require you to lock your cryptocurrencies for a certain period.
Staking: Binance allows you to stake various cryptocurrencies. Staking is the process of “locking up” your tokens to help support the operations of a blockchain, and in return, you earn rewards. There are flexible and locked staking options.
DeFi Staking: Binance offers a simplified way to participate in decentralized finance (DeFi) projects. You can earn interest on your cryptocurrencies without having to deal directly with the complexities of DeFi.
Launchpool: In Launchpool, you can stake certain tokens to earn new tokens from projects that are launching on Binance. It’s a way to participate in new projects while earning rewards.