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Binance Earn: 5 Simple Ways to Earn on Binance

"If you don't find a way to make money while you sleep, you will work till you die". 

Binance Earn is a complete suit of financial products that you can use to increase your crypto holdings. It can be thought of as a crypto savings account. 

Here are five simple ways to earn on Binance: 

1. Flexible Savings
Flexible Savings lets you earn interest on your funds. It’s really easy to use, and not surprisingly, it gives you great flexibility! You can deposit your funds, earn interest, and redeem them at any time. 

So, if you are holding some money in your Spot wallet, why not deposit it into the Flexible Savings account? Since you can access it anytime, it is very easy to make those funds work for you while they are not being used elsewhere. 

2. Fixed Savings
Fixed Savings offer you better returns but less flexibility to access your funds. The difference here is that you’ll set a predetermined duration for your funds to accrue interest. Why is this better? Well, this will give you generally higher interest rates than Flexible Savings products since the term and interest rate are both fixed.

Fixed Savings products can range from 7 to 90 days. So, if you know that you will not need funds elsewhere for a certain period of time, you can lock them to earn a higher APY. 

Do you have a Binance account? If no, get one here already. 

3. Lending activities
Lending activities are special events that pop up from time to time under the Activities tab. These generally have a capped supply, meaning you’ll need to be quick to subscribe. These can offer even higher returns than Fixed Savings usually does.

It could be said that the lending products are quite similar to Fixed Savings. But, since they are only available from time to time, you can get higher rewards if you keep up with what is happening. Make sure to keep an eye on the announcements section on Binance to secure your spot.  

4. Locked Staking
By simply holding Proof of Stake coins in your Spot Wallet, you can earn staking rewards on your holdings – great, simple. However, there’s also a way to earn higher rewards on staking.

If you commit your PoS coins to be locked for periods ranging from 7 to 90 days, you can earn a higher reward. This is essentially the same deal as Flexible vs. Fixed Savings, only with staking.

In addition, some coins will also allow you to do a Flexible Lock, where you commit your funds for staking, but you still maintain the ability to withdraw if you want to.

5. Launchpool
By now, you’ve probably heard about Binance Launchpad, right? It’s a token launch platform where promising projects can get funded by the userbase of Binance through a process called an Initial Exchange Offering (IEO). You probably also heard about yield farming, or liquidity mining, where users lock up funds to liquidity pools to “mine” a new token.

So what do you get when you put an IEO and yield farming together? Launchpool. You can lock up your BNB, BUSD, and other cryptocurrencies to get a share of a new token that's being launched on Binance. Sometimes, tokens will even launch both on Launchpad and Launchpool at the same time.

Do you have a Binance account? If no, get one here already.