Binance Exchange Review: One of the Leading Best Crypto Exchange

Many people know Binance as the biggest centralized cryptocurrency exchange in terms of trade volume. However, Binance is quickly growing to create its ecosystem. This growth comes with more opportunities to make money beyond trading. With Binance Earn, you can put your crypto to work instead of holding idle assets.

This is a great way to earn some passive income. Many people are already making some passive income this way. There is over $4.2 Billion worth of cryptocurrency assets on the Binance Earn program. Binance had already paid out over $70 Million worth of rewards as of late 2020.

If you already have a Binance account, then you should definitely try out this feature. If you do not have a Binance account, we encourage you to Sign Up to start enjoying this and more money-making opportunities.

Here are some of the ways you can earn passive income through the Binance Earn program. They are conveniently split into three main sections depending on the risk level. Let’s look at each of them.

1. Binace Flexible Terms

This section covers programs you can subscribe to and unsubscribe from whenever you want. The risk here is very low, and you can redeem your assets at any time to continue trading.

Flexible Savings

This feature allows you to stake over 24 types of popular tokens. This includes BTC, ETH, USDT, BNB, among others. You can subscribe and unsubscribe from this feature whenever you want. Additionally, you can redeem your rewards and staked tokens as you wish.

The good thing about this feature is that anyone can take advantage of it. There is no minimum investment, and the annual percentage yield is impressive. You can earn between 0.5% to 15% depending on the token and the duration you stake your coins for.

Further, there are no fees, and rewards distribution happens on a daily basis. There is currently over $3 Billion worth of cryptocurrency locked under this program.

Launchpool

The Launchpool feature allows you to stake BNB, BUSD, BTC, and other assets for rewards. However, this feature sets you up to receive rewards in the newest tokens coming to Binance. This means that you will stay ahead of the curve in terms of holding some valuable IEO and DeFi tokens.

DeFi is the future of cryptocurrency. It provides a way to apply blockchain and crypto technology to real-world situations. As such, we believe that the Binance Launchpool is a great way to stay ahead of the pack.

The minimum investment here depends on the individual Launchpool. Additionally, the annual percentage yield is dynamic. However, you have to redeem your rewards manually. Head over to Binance Earn to start using this fantastic feature.

BNB Vault

The BNB Vault allows you to earn rewards from your unused BNB tokens in a very unique way. This program combines the best of the Launchpool, Savings, and DeFi staking. It helps users maximize the income potential of their BNB holdings from both centralized and decentralized finance. It does this by integrating various Binance products within the Binance ecosystem.

This is not as complicated as it sounds. With just one click, your BNB holdings will be flexibly allocated to different products for rewards. Your daily BNB income depends on several sectors. First is the new tokens rewarded from the Launchpool. Second, rewards from the BNB flexible savings. Finally, the rewards from DeFi staking and more.

1. Binance Fixed Terms

This section covers programs where you have to lock your assets for a given period for higher rewards. The risk here is also very low. However, you can only redeem your assets after the lock-up period.

Binance Fixed Savings

This product allows you to stake up to 24 popular tokens for rewards. This includes BTC, ETH, USDT, BNB, and more. You can lock up your crypto assets for a period of between 7 to 90 days. You can only redeem your rewards after the lock-up period.

The minimum value of crypto assets you can stake is $100. There are zero fees involved, and reward distributions are on a daily basis. The annual percentage yield is between 5% to 15%. This is yet another great way to put your idle crypto to work. Head over to Binance Earn and check out this feature.

Locked Staking

Locked staking is yet another great way to earn higher rewards and receive additional benefits. For as low as 10 USDT worth of tokens, you can put your crypto assets to work. This is an easy way to earn rewards with guaranteed capital earnings. Moreover, you can redeem in advance without losing your original stake.

Even better, there are no fees involved, and reward distribution is on a daily basis. The APY is dynamic and depends on the total staked pool volume. It can go up to 102%.

Binance Activities

The activities feature allows you to earn more rewards from things you already do on Binance. This may include staking and saving crypto. The rewards in this section depend on individual cryptocurrencies. Binance offers occasional special savings rewards on individual cryptocurrencies.

The minimum investment depends on each product’s lot size. There are no fees involved, and the APY depends on the activity.

ETH 2.0 Staking

There is so much hype behind the upcoming ETH 2.0 network update. You can get in on some of this action by staking Ethereum to support the upgrade. This will position you to earn interest from ETH blockchain staking rewards. You can redeem your BETH rewards on a 1:1 basis to your ETH stake.

There are no fees nor risks involved. The minimum ETH you can stake is 0.0001 ETH, and reward distribution is on a daily basis. The Ethereum network determines the dynamic APY for this program. This is a great way to put your ETH to work and get some great rewards.

1. Binance High-Risk Terms

As the title suggests, this section covers some high-risk programs under the Binance Earn feature. However, these high-risk scenarios also come with great rewards.

DeFi Staking

This feature allows you to earn some passive income by staking your coins in a yield farming program. You can stake your BTC, BUSD, DAI, USDT, or BNB. The good thing about this program is that you do not need any technical knowledge to reap the benefits. Binance’s real-time systems keep all funds in check to ensure they are safe and secure. Additionally, you can select between fixed and flexible terms.

The minimum investment depends on the token you are staking. But it can go as low as $100. There are no fees involved, and the APY is dynamic. It can go up to 60 %. Reward distribution is on a daily basis. However, note that this program has a high-risk level. Of course, that means you can reap higher rewards.

Binance Dual Investment

This program allows users to lock a variety of crypto assets in a savings yield product. You can lock up BTC, USDT, or BUSD to increase your earnings even more. You reap more rewards with the volatility of market prices on your crypto holdings.

If your earnings exceed the savings rate, the higher the reward you will receive. If the market price dips or your earnings fall below the savings rate, your holding may change to another asset. There is no minimum investment, but the upper limit depends on each offer.

There is a fixed return on revenue with floating returns based on the specific asset price. Reward distribution happens on the delivery date. Understandably, the risk lies in the asset’s price volatility.

Liquid Swap

Here, you can become a liquidity provider by adding stable coins and fiat currencies to liquidity pools. You can choose between stable and innovative pools to stake your coins. The good thing about this is you do not have to worry about asset management. You can simply add assets and redeem your rewards at any time.

Additionally, it is easy to take advantage of this feature. You can start reaping the rewards from an investment as low as $10 for USDT or BUSD. The APY goes up to 12.8% on the USDT/DAI stable pool. For the innovative pool, it can go up to 24% on the ETH/BUSD pool.

The distribution of rewards is in real-time as the program develops and the risk level is high. Additionally, this section involves a low fee of 0.04%.

Binance Final Verdict

Evidently, there are many ways to earn passive income on the Binance platform. Binance Earn is an excellent program for people looking to make some extra income. There are already over 270,000 daily active users and investors, and the number is growing. This is a great opportunity to become one of these users and reap some rewards.

Moreover, there are many options for you to choose from. There are ten various programs that you can choose from. Additionally, you can choose the risk level you are comfortable with. Therefore, there is something here for everyone.

If you do not have a Binance account, you can sign up today to enjoy these great products. If you already have an account, then head over to Binance Earn and choose the program that best suits your portfolio.

 

Tags: Binancce Review, Binance Exchange Review