Bought crypto and just letting it sit? That is wasted potential. Binance offers various earn products where you can deposit idle crypto to earn interest — similar to bank deposits but with much higher yields. Open the Binance official website or the official Binance app and navigate to "Earn" to see all available products. iPhone users see the iOS installation guide.
What Binance Earn Products Are Available
Flexible Savings (Simple Earn - Flexible)
Similar to a bank savings account. Deposit and withdraw anytime while earning daily interest. APY typically ranges from 1-5% depending on the coin and market conditions. USDT flexible rates tend to be stable, and interest is distributed daily. Best for: Those who want fund availability while still earning returns.
Locked Savings (Simple Earn - Locked)
Like a fixed-term deposit. Lock your crypto for a set period (7, 30, 60, 90, or 120 days) and receive principal plus interest at maturity. Higher yields than flexible — APY typically 3-15%. Longer terms generally offer higher rates. Best for: Those certain they will not need the funds during the lock period.
Launchpool (New Token Mining)
Use BNB or other tokens to mine newly launching project tokens for free. Your principal is not reduced (essentially risk-free mining). New tokens may be highly valuable or not. Activities typically run 7-30 days and require BNB or FDUSD. Best for: Long-term BNB holders — you are holding BNB anyway, so mine new tokens as a bonus.
Getting Started with Binance Earn
Step 1: Ensure you have available crypto
Earn requires your cryptocurrency. If your coins are in the spot account, you can subscribe directly from the Earn page — the system auto-transfers from spot.
Step 2: Navigate to Earn — Tap "Earn" in the bottom navigation or find "Earn" on the home page.
Step 3: Browse products — Compare yields across products. Filter by coin (e.g., USDT only) or sort by APY.
Step 4: Subscribe — Select a product, tap "Subscribe" or "Earn," enter the amount, and confirm.
Step 5: Track earnings — View daily interest and total returns in "My Earnings."
How Earnings Are Calculated
Earn yields are expressed as APY (Annual Percentage Yield). Example: Deposit 10,000 USDT at 6% APY. Annual earnings: 600 USDT. Daily earnings: ~1.64 USDT.
Note: APY is not fixed and may adjust with market conditions. Flexible product APYs change more frequently; locked products lock in the rate at subscription.
Risks of Earn Products
While much lower risk than trading, Earn is not risk-free:
Price volatility risk: If you deposit BTC or ETH (non-stablecoins), interest accumulates but the coin price may fall. You might earn 0.05 BTC in interest, but if BTC drops significantly, your total value still decreases.
Platform risk: Though Binance is the largest exchange, no platform is theoretically risk-free. Do not keep all assets on one platform.
Liquidity risk: Locked products cannot be redeemed early (some allow it with interest forfeiture). If markets crash and you want to sell but your funds are locked, you may miss the optimal exit point.
Recommendations: Conservative investors should deposit USDT for stable returns. Only use truly idle funds for Earn. Diversify across products. Mix flexible and locked products for both yield and liquidity.
Binance Earn is an excellent passive income tool. Deposit your idle crypto and watch the interest accumulate daily — much better than letting it sit doing nothing.