What is Binance Earn with Flexible and Fixed Savings?

What is Binance Earn with Flexible and Fixed Savings

Welcome, to our guide about the Binance Earn feature including flexible and fixed savings account.

We will investigate what the Binance earn features is and we will go deep into tow of the main features, flexible savings account, and fixed savings account.

These savings accounts are a perfect way to earn Bitcoin and crypto passive income, especially if you hold them a bitcoin exchange account with a 0% interest fee.

Get 20% off from all fees charged by Binance with our referral code.

What is Binance Earn?

Binance Earn is a number of features where you can invest Bitcoin and on your crypto holdings. Binance earnings consist of flexible savings, fixed savings, locked staking, DeFI staking, Launchpool, Liquid swap, and Dual Savings.

In this article, we will focus on

  • Flexible Savings 
  • Fixed Savings
Binance Earn is just a part of the complete Binance exchange and trading site. Read more about Binance in our Binance review.

What is Binance Flexible Savings?

With Binance flexible savings you can deposit and redeem your cryptocurrency holdings at anytime. This is the big advantage.

The disadvantage is that the interest rates are quite low. As you can see in  the screenshot below they ranges between 2-6%.

 

What is Binance Fixed Savings?

With Binance fixed savings, or locked savings, you have flexible deposits and higher profits than for flexible savings. You can lock your funds for different durations.

As you can see in the screenshot below, some common durations are 7, 14, 30 or 90 days.

 

Binance fixed savings account cryptocurrencies and rates screenshot

Get 20% off from all fees charged by Binance with our referral code.

Binance Earn VS Crypto.com Earn

Both Binance Earn and Crypto.com Earn are similar products and they offer interest on your crypto holding. Both features are offering flexible and fixed deposit terms.

However, there are some differences you should be aware of.

  • With Crypto.com you receive bonus interest if you stake their native token, CRO. Binance doesn´t give you any extra for holding their native token, BNB.
  • Crypto.com has, in general, higher interest rates than Binance. You can see all rates from Crypto.com in the screenshot below.
  • Crypto.com Earn is only available in the mobile app while Binance Earn is available in desktop version and the mobile app
Read more about Crypto.com in our Crypto.com app review and get a referral code.
Crypto.com Earn Savings rates screenshot
Share on facebook
Facebook
Share on pinterest
Pinterest
Share on twitter
Twitter