A little about Binance Earn
Binance Earn's main products:
1. Flexible Savings: You deposit your cryptocurrencies and can withdraw them at any time. Interest is calculated daily and paid in the same currency you deposited. It is a low-risk option, but with lower returns.
2. Locked Savings: It works similarly to flexible savings, but with the difference that you need to lock your cryptocurrencies for a specific period (such as 7, 30, 60, or 90 days) to obtain a higher return.
3. Locked Staking: Allows users to participate in the transaction validation process of a blockchain (such as Ethereum 2.0, Polkadot, among others) and, in return, receive rewards. During the staking period, the funds are locked and cannot be withdrawn until the end of the term.
4. DeFi Staking: This product allows users to participate in decentralized finance (DeFi) protocols and receive rewards. It is a higher-risk product because it relies on the security of the underlying DeFi protocol.
5. Launchpool: Allows users to stake tokens such as BNB, BUSD, and other cryptocurrencies to earn new tokens from projects that are being launched on Binance.
6. Dual Investment: A higher-risk investment product that allows you to profit from market volatility, with the possibility of higher profits, but also with the risk of losing control of the asset's purchase or sale price.
How does it work?
- **Choose the Product**: You select the product of your choice on Binance Earn.
- **Deposit Crypto**: Deposit the cryptocurrency into the chosen product.
- **Earn Rewards**: Depending on the product, you will start earning income daily, weekly, or at the end of a specific period. - **Withdrawal**: For flexible products, you can withdraw at any time, but for blocked products, you need to wait until the deadline.