What if you could have a kind of “savings account” in dollars?
Binance Earn is basically that!
Binance Earn is a tool from the Binance platform that allows you to earn passive income with cryptocurrencies.
It works like this:
1. You deposit your cryptocurrencies in Binance Earn products.
2. Binance uses these assets to generate returns (e.g. loans, staking).
3. You receive daily rewards based on the chosen product.
Main options:
• Savings: similar to traditional bank accounts
• Staking: participation in the validation of blockchain transactions
• Yield Farming: providing liquidity in trading pools
Binance Earn offers flexibility, variety of products and the possibility of compound interest, making it easier to make your digital money work for you.
Personally, I have been using it with dollars ($USDT) and the APR has been interesting! But it is possible to use $BTC, $ADA, $ETH and other currencies!