Simple Earn is a feature on Binance that allows users to earn passive income on their crypto holdings. By depositing cryptocurrencies into Simple Earn, users can receive rewards or interest over time. There are two main types of products under Simple Earn:

  1. Flexible Products:

    • You can deposit your crypto and redeem it at any time.

    • Interest is earned daily, and there is no lock-in period, making it a more liquid option.

  2. Locked Products:

    • These require you to lock your crypto for a fixed period (e.g., 30, 60, or 90 days).

    • The rewards or interest rates are typically higher than flexible products, but you can't access your funds until the lock-in period ends.

It’s a way for users to make their idle cryptocurrencies work for them by earning interest, similar to staking or savings accounts.

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