The simplest way to make money on Binance without needing much experience or in-depth knowledge
1. **Register and verify Binance account:**
- If you do not have an account, register an account on Binance
- Complete the identity verification process (KYC).
2. **Deposit money into account:**
- You can buy cryptocurrency with fiat currency through Binance or transfer from another wallet to your Binance account.
3. **Choose savings products:**
- Access the “Finance” section on the main menu, select “Binance Earn” and then select “Savings”.
- You will see two main types of savings: Flexible Savings and Locked Savings.
4. **Deposit money into savings products:**
- With **Flexible Savings**, you can deposit and withdraw money at any time. Interest will be calculated daily and added to your balance.
- With **Locked Savings**, you will lock your money for a fixed period of time (7, 14, 30 days, or longer) and receive higher interest rates than with Flexible Savings.
5. **Check interest rate and balance:**
- Interest will be automatically added to your account. You can check your balance and interest received in your account.
### Specific Examples:
- **Flexible Savings:** You deposit 1 BTC into your Flexible Savings account. Every day, Binance will calculate interest based on your balance and automatically add interest to your account.
- **Locked Savings:** You deposit 1000 USDT into the Locked Savings account for a term of 30 days. After 30 days, you will receive the principal amount back along with the agreed interest rate.
Advantage:
- **Simple and easy:** No need for in-depth knowledge or trading experience.
- **Low risk:**