Instructions for using the Earn product on Binance

What is Binance Earn?Binance Earn is a product developed by Binance, allowing users to easily earn more profits from available assets with many different levels of risk. The main products that Binance Earn offers include Simple Earn, BNB Vault, Launchpool, Auto Invest, Dual Investments and Staking.
How Binance Earn worksBinance Earn operates like a savings account where users can lend, stake, pool... their assets and earn more profits.
Specifically, Binance Earn will calculate the APR that users receive when using flexible deposit products, DCA or staking on Binance Earn. All users need to do is choose the asset type, investment format and investment period.
Advantages and disadvantages of Binance EarnAdvantageBinance is a large trading platform with more than 500 different cryptocurrencies, so users have many options when using Binance Earn. Binance Earn products provide users with a variety of methods, profits as well as risk levels, serving from new investors to professional investors.
In addition, Binance Earn is also very suitable for busy investors who do not want to spend a lot of time investing, reading charts... and have a low risk tolerance.
DefectInstead of using Binance Earn, users can get higher returns with other higher-risk investment methods.
Methods to make money on Binance EarnThere are 2 main methods of making money on Binance:
The first method with not high risk but low yield includes Simple Earn, BNB Vault, Launchpool and Auto Invest.
The second method has a higher level of risk and requires investors to have more investment experience including Dual Investment, Staking ETH 2.0 and Staking DeFi.
Simple EarnSimple Earn works similarly to depositing savings in a bank, but instead of depositing fiat currency, users deposit cryptocurrency.
There are two deposit time options: Flexible and fixed.
If you choose flexible, the APR (annual profit rate) the user will receive will be lower. However, users can make withdrawals at any time. This is safer and more liquid for users.
The APR received may change daily. The APR level the user receives also depends on the amount of money the user deposits. The larger the amount, the higher the APR.
Compared to flexible deposits, fixed deposits have a more attractive APR and provide users with more options, such as depositing for 30 days, 60 days, 90 days or 120 days. However, if the user withdraws money before the deadline, all accumulated rewards will be lost. The rewards previously recorded in the user's spot wallet will also be deducted from the user's deposit upon withdrawal.
Rewards received from participating in Simple Earn will be automatically transferred directly to the user's spot wallet. Normally, after about 3 days of participating, users will start receiving rewards.
To start participating in Simple Earn, users just need to choose the type of token they want to register, choose the deposit time and click register.
BNB VaultBNB Vault is a profit aggregator that allows users to simultaneously participate in many different products such as Simple Earn, Launchpool, DeFi Staking thanks to the BNB they hold. After enrolling in BNB Vault, users can begin withdrawing funds the next morning. This is an especially useful tool for BNB holders.
In particular, if Launchpool only has 1 active project, the APR of BNB Vault and Launchpool will be similar. If Launchpool has multiple active projects, BNB Vault will automatically register the project for users, then users can choose the project and amount they want to participate.
To start participating, everyone needs to stake BNB on the BNB Vault. The product will then automatically calculate the rewards the user has achieved.
LaunchpoolBinance Launchpool is a platform that allows users to stake BUSD, BNB or other tokens supported in the pool to receive new tokens listed on Binance for free.
Auto InvestIf you want to invest in cryptocurrency for the long term but don't have much time, Auto Invest is a great product for you. This product works according to the DCA (price averaging) strategy, allowing users to automate the investment process and earn passive income.
Users can make investment plans manually or automatically, depending on their preferences, financial ability and investment time. Auto Invest allows users to withdraw money anytime they like without losing earned rewards.
After successfully purchasing cryptocurrency at a predetermined time, these assets will be automatically transferred to a flexible account on Simple Earn, thus increasing passive income from the investment.
To start participating, users need to choose the cryptocurrency they want DCA, investment period and investment amount per period.
Dual InvestmentsIf making profits from staking is attractive enough for users, learn about Dual Investments now. Dual Investment is a product that allows users to make profits similar to staking and earn additional profits if the market goes in the right direction as predicted.
Specifically, Dual Investments supports users to buy cryptocurrencies at a low price and sell at a high price at a specified date in the future, while helping them receive attractive APR profits (similar to staking). and place a sell order at the same time) without paying transaction fees. However, it should be noted that users will not be able to change the selling price and target payment date after registering for Dual Investments.
Dual Investment is especially suitable if users want to:
Take Profit: Sell the asset at the target price, while earning additional yield.
Buy low: Buy assets at the desired price in case of a bearish market, while earning additional yield.
Profits: Earn more profits while owning assets.
The risk of participating in Dual Investments is that if the market price on the settlement date is much lower than the purchase target price, the user will buy at a relatively higher price and vice versa. In addition, another risk is that users cannot sell assets when the market fluctuates strongly because the assets are locked until the settlement date.
Staking ETH 2.0Staking is the act of holding and locking a certain amount of coins to receive rewards from them. ETH 2.0 (or Ethereum 2.0) is the process of upgrading the Ethereum network, updating Proof of Work (PoW) to Proof of Stake (PoS), and applying Sharding to improve Ethereum's transaction processing speed. .
Instead of providing 32 ETH to be able to stake directly via Ethereum, users only need to provide 0.0001 ETH on Staking ETH 2.0 (or more if desired). The reward of staking ETH on Staking ETH 2.0 is up to 11.20%. The more ETH staked, the lower the APR.
The ETH rewards users receive will be represented as BETH tokens (Binance + ETH) in the spot wallet. After staking ETH, this amount of ETH will be locked until the stake withdrawal feature is enabled on Ethereim Mainnet (at least 6-12 months after The Merge). At this point, users can exchange BETH for ETH and withdraw money.
Staking DeFiDeFi Staking is a product developed by Binance that allows users to stake various DeFi assets via smart contracts without holding wallets on-chain and without gas fees. Some assets on DeFi Staking may not allow flexible staking like Simple Earn.
With DeFi Staking, Binance only acts as a third party, helping connect projects and users. If an on-chain contract is hacked while a user is performing DeFi Staking, Binance will not be responsible for any damages.
To start participating, users choose the type of asset they want to stake, the time limit they want to stake and click confirm.