Binance has been the leader in crypto exchanges for a reason. Extremely high trading volume, a plethora of choices, and an excellent reputation all bring Binance to the top. It offers relatively low trading fees and a wide selection of cryptocurrencies for trade globally, though its trading options are more limited in the U.S. In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens. In response, Binance partnered with a U.S. branch called Binance.US, which the company says is a separate exchange. Binance.US is legal, but it is not available in all U.S. states.
Changpeng Zhao, commonly known as “CZ”, is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume as of July 2022. CZ was born in Jiangsu, China and moved to Canada at a young age with his family. He is currently based in Singapore.
How Is Binance Protecting Your Money?
The best way that Binance is protecting your money is by utilizing their secure asset fund for users or SAFU for short. A portion of all the fees Binance takes is placed into this fund in case of a financial loss to their users. Any money lost by their users due to Binance would be refunded by their SAFU put in place in 2018. Additionally, Binance has several security features such as two-factor authentication, address whitelisting, and device restrictions. All of these features make it extremely difficult for anyone except yourself to access funds on your Binance account!
10 Ways To Earn Crypto With Binance Earn – how to get the most out of your investment!
Binance account is more than trading cryptocurrency wallet, Binance Earn offers a suite of products for users to grow their crypto holdings easily.
The cryptocurrency market is developing swiftly, so investing in cryptocurrencies involves more than just purchasing and holding. Over the past 10+ years of Bitcoin’s existence, holding has proven to be one of the greatest and safest investment strategies, but there is much more you can do with your holdings than simply hoard them.
A portfolio of bitcoin products called Binance Earn is made to let you earn money passively from your holdings. You may start saving, staking, or even providing liquidity in DeFi markets using Binance Earn to start earning passive income on bitcoin, stablecoins, altcoins, and more. Additionally, we enable earning opportunities for fiat currency only on Binance.
At the time of writing, $4.2 billion worth of crypto assets currently on Binance Earn with $70 million worth of total rewards distributed in 2020. Binance Earn has more than 270,000 daily active users and investors and the number is rising. The active stablecoins volume on Liquid Swap reached $128 million, and over $22 billion in funds are locked in DeFi in Binance as of late 2020.
Currently, you can boost your passive earnings with 10 different products with different yield potential and risk levels. The general rule is that the products with higher risk-reward come with higher yield, while lower-risk products come with lower yield. For the purpose of this article, we ordered the products from lowest to highest risk.
*Actual as of January 18, 2021. Yield may be affected by market movements. Do your own research (DYOR) before subscribing to Earn products.
1.Flexible Savings
Flexible Terms – Subscribe Whenever You Want, Redeem Anytime.
Stake 24 popular tokens, including BTC, ETH, USDT, or BNB and earn interest and rewards. You can subscribe to this product or redeem your rewards at any time. With a total value locked of more than $3 billion, Flexible Savings is a go-to product for everyone.
Minimum Investment: No minimum
Fees: Zero fees
APY: Dynamic APY (0.5% – 15%)
Rewards Distribution: Daily
Risk Level: None, guaranteed capital earnings
2. BNB Vault
Earn rewards on your unused BNB with BNB Vault aggregator that combines the best of Launchpool, Savings and DeFi Staking. Do it conveniently in a one-click experience. Watch our BNB Vault tutorial video to learn more.
Minimum investment: No minimum
Fees: Zero fees
APY: Dynamic APY (at least BNB flexible savings’ APR)
Distribution: Daily
Risk level: None, guaranteed capital earnings
3. Launchpool
Stake BNB, BUSD, BTC, and other assets and receive the newest tokens coming to Binance as they are released. Stay ahead of the curve and get your hands on some of the most popular upcoming IEO and DeFi tokens, including the recent BTCST token on Launchpool.
Minimum Investment: Based on individual Launchpool offers
Fees: Zero fees
APY: Dynamic APY
Historical Performance: Up to 110% with BEL & WING tokens
Distribution: Manual redemption
Risk Level: None, guaranteed capital earnings
Fixed Terms – Lock Your Assets and Get Higher Yields.
4. Fixed Savings
Save 24 popular tokens in crypto, including BTC, ETH, USDT, or BNB, for 7-90 day lock-up periods and earn increased yields on your stakes. You can subscribe anytime, but you can only redeem your rewards after the lock-up period. Much like a bond in traditional investing; it’s that simple!
Minimum Investment: $100
Fees: Zero fees
APY: Dynamic APY (5-15%)
Distribution: Daily
Risk Level: None, guaranteed capital earnings.
5. Locked Staking
Start staking with a low entry of only 10 USDT worth of tokens and reap higher rewards and additional benefits. Redeem in advance without losing your original stake (give up your previous staking rewards) or paying early-redemption fees. Choose between 30 different Proof-of-Stake (POS) tokens including, EOS, DOT, or ADA, and earn rewards with little risk. Watch Binance locked staking video and & How to Use It.
Minimum investment: Starting at 10 USDT worth of tokens
Fees: Zero fees
APY: Dynamic APY determined by the total staked pool volume; up to 102%.
Distribution: Daily
Risk Level: None, guaranteed capital earnings.
6. Activities
Earn rewards for the things you already do such as staking and saving crypto. Binance Earn offers occasional special savings products for individual cryptocurrencies. Complete the activity before it is fully subscribed and see your yield automatically appear in your spot wallet after the activity is complete.
Activity example from past Earn offers
Fees: Zero fees
APY: Fixed, depending on the activity
Distribution: Periodical, depending on the activity
Risk Level: None, guaranteed capital earnings.
7. ETH 2.0 Staking
Stake Ethereum (ETH) and get rewards for supporting the ETH 2.0 network upgrade. Earn interest from ETH blockchain staking rewards. Redeem BETH pegged on 1:1 basis to your ETH stake and increase your earnings.
Minimum Investment: 0.0001 ETH
Fees: Zero Fees
APY: Dynamic APY determined by the Ethereum network
Distribution: Daily
Risk Level: None
High-Risk Terms – Optimize Your Earnings.
8. DeFi Staking
Earn passive income without technical knowledge, hardware, or the need to manage your private keys and wallets. Stake BTC, BUSD, DAI, USDT, or BNB, and start yield farming. All funds are monitored by Binance’s real-time systems. Select between fixed and flexible terms.
Minimum Investment: Depending on different staked tokens (as low as 100 USD)
Fees: Zero fees
APY: Dynamic APY of up to 60%
Distribution: Daily
Risk Level: High
9. Dual Investment
Lock BTC, USDT, or BUSD in a savings yield product, and increase your earnings even more with the volatility of market price on your crypto holdings. If the volatility of your crypto holdings is in a certain gap, so that your earnings exceed the savings rate, you’ll get the higher amount. If the market price on your crypto holdings dips or your earnings don’t exceed the savings rate, your holding may change to another asset.
Minimum investment: No minimum threshold; with upper limit depending on each offer
Fees: Zero fees
APY: Fixed RoR with floating returns based on the specific asset price
Distribution: Upon delivery date
Risk Level: No capital earnings guarantee. Risk lies in asset price volatility.
10. Liquid Swap
If you have asset management needs, add assets and redeem rewards at any time. Choose between stable and innovative pools with different risk levels and yields, and become a liquidity provider by adding sable coins and fiat currencies to the liquidity pools.
Minimum investment: $10 for USDT/BUSD
Fees: 0.04%
APY: Stable: up to 12.8% on the USDT/DAI pool; Innovative: up to 24% on the ETH/BUSD pool.
Distribution: Real-time distribution
Risk level: High
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