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What Is Binance Earn and How to Use It?

What Is Binance Earn and How to Use It?

2020-10-30 10:33
Last updated: 11 June 2024

What is Binance Earn?

Binance Earn offers a suite of products for you to grow your crypto holdings easily. Products including Simple Earn, Dual Investment and ETH Staking are currently available for subscription on the Binance Earn platform, and new offerings continue to be added regularly.

Types of earnings offered on Binance Earn

Currently, all Binance Earn offerings are classified into 2 types of earnings:
Principal-protected and High Yield. Users can choose to invest their crypto for predictable returns, or opt for high-yield staking coins that provide higher-than-average gains but with corresponding risks to your invested principal.
Click the below sections to learn more:
If you are new to crypto, you can get started with the products listed under [Principal-protected]. These products have relatively more stable yields, and you will get back your principal upon redemption or at the end of the locking period, where applicable.
Besides principal-protected products, Binance offers users a series of high-yield products with relatively higher risks. Please only invest what you can afford to risk, regardless of how high the potential rates of return are and DYOR before getting started.

How to use Binance Earn? (Website)

1. Log in to your Binance account. Click [Earn] from the top menu bar.
To access Binance Earn via the Binance app, visit How to Use Binance Earn on the Binance App?
2. On the Overview page, you will see the following quicklink dropdowns:
Simple Earn offers two types of products: Flexible Products and Locked Products. Similar to a bank's deposit, you can deposit your crypto and gain rewards from your dormant funds.
Flexible Products allow you to redeem your assets whenever you need, while Locked Products require you to deposit your assets for a fixed period. In return, you earn a higher return than Flexible Products. Please note that if you withdraw your funds in advance from Locked Products, you will also lose the accrued rewards.
Different Simple Earn products
Flexible ProductsLocked Products
ProductsFlexible Products (Variable Rate)Locked Products (Variable Rate)Locked Products (Fixed Rate)
Deposit Duration
Flexible
(Subscribe and Redeem at anytime)
Locked based on the period you subscribeLocked based on the period you subscribe
APR typeReal-Time APR, updated every minuteAPR is subject to change. New APR applies to all existing and new orders from the time it gets updated.APR is fixed at the rate of the subscription time. Updated APR only applies to new orders.
Rewards DistributionAccrued every minute to Earn Wallet
Distributed daily to Spot Wallet/
Accrued till last day to Spot Wallet
Distributed daily to Spot Wallet
Binance offers ETH Staking service to provide everyone with an accessible platform to stake their Ethereum. Get started in a few clicks with just 0.1 ETH, and Binance will cover all validator operating expenses and bear the risk of on-chain penalties, where applicable. All applicable on-chain staking rewards will be distributed to users.
Dual Investment lets you deposit a single cryptocurrency and earn yield based on two assets. You can commit your crypto holdings and lock in a savings yield, but you will earn even more if the market price of the committed holdings increases. Dual Investment provides you with much more control over your risks.
The return on your savings will depend on how the crypto market has moved since the day you invested your crypto into Binance Dual Investment. When the product expires, you may choose to settle with one of the assets from the two options (such as BTC or USDT). It offers non-guaranteed floating earnings, you can obtain the highest possible earnings while satisfying your digital asset risk management needs.
On the expiry date, the final settlement currency is determined by comparing the settlement price and the strike price. If the market price on your crypto holdings increases and your earnings exceed the savings rate, you’ll get the higher amount. If the market price on your crypto holdings dips or your earnings is below the savings rate, you’ll still get the yield from your savings. The bottom line is that your return will always be allocated to your benefit. However, please note that your order cannot be redeemed in advance.
3. Scroll down to see a list of Binance Earn participating tokens, along with these filter options:
  • Search coins: Browse to check if your desired assets are available on Binance Earn
  • All Durations: Flexible or Fixed
  • All Products: Principal-protected or High Yield
  • Match My Assets checkbox: Filters to the assets available in your Spot Wallet
4. To see which Binance Earn offerings are available per token, hover and click on the arrow button next to each token. To sign up for the products available, click [Subscribe].
5. Below the tokens tracker, you will see an earnings calculator and featured products on offer.

To learn more about Binance Earn, visit the Binance Earn FAQs page.