Welcome, here you will find the best BNB interest rates and the highest Binance coin APY.
Binance Coin is the native coin of the Binance Chain and the Binance smart chain, BSC.
It´s very good to get your BNB coins working for your using some of the suggestions in this article. Remember, if you HODL other cryptocurrencies than BNB, there are other great crypto interest rates and staking rewards.
Since Binance coin is considered as a centralized coin and highly dependent on the single crypto exchange Binance, not many exchanges are offering services for the Binance Coin BNB.
No Financial Advice, Information only. Do your own research
What is the Binance Coin BNB?
Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange. Binance coin initially was launched as an ERC-20 token. However, nowadays it ´s the native token for the Binance chain and the Binance smart chain.
Binance coin has a strict maximum of 200 million BNB tokens. Also, there is a burning program based on the profit the Binance exchange make each quarter. The burning process will continue until the supply reaches 100 million BNB tokens.
Where to get the Best interest Rates on Binance coin BNB?
In the table below, we have listed all the best interest rates on the Binance coin (BNB) and what APY you can get.
There are a few different platforms offering saving products for the Binance coin and they are offering an APY in the range between 3-8%.
*Sign up bonus with terms and conditions
**Reduction in fees
Binance Chain Best BNB Interest Rate
Binance is offering one of the best APY for Binance coin with a rate of 7.72% for staking 30 days.
As you can see in the screenshot below, Binance is offering three different products, generating three different yields.
- Staking for 30 days: 7.72% APY
- BNB vault with flexible deposits and withdrawals: 6.17% (This yield varies)
- Launchpool-ATA with flexible terms: 4.8% (This yield varies)
Binance Earn and Locked staking with BNB
With Binance earn, you can use the locked staking feature and earn 6-8% as you can see in the screenshot above.
How do you deposit your BNB to Binance locked staking
- Sign up with Binance
- Deposit BNB or exchange to BNB on Binance
- Go to Finance->Binance Earn
- Search for BNB
- See the alternatives
Read more about Binance flexible savings and locked staking
Staking Binance Coin on the Binance Chain
You can stake the Binance coin on the Binance chain to earn passive income.
This is a bit more technical solution since it involves defi. Here are the steps to follow
- Get a Binance account
- Deposit Binance coin or any other currency and buy Binance coin
- Get a Web3 wallet, for instance Binance wallet extension for your browser
- Transfer your Binance coins from Binance account to your Binance web3 wallet address
- Go to Binance.org and delegate your Binance Coins
Here you can earn about 10-15% on your Binance coin holdings but the rates varies a lot.
NEXO Binance Coin BNB Interest Account
Nexo is offering one of the best interest rates for the Binance coin (BNB).
However, you only reach the best interest rate, 8%, if you are a platinum member and if you chose to receive your payouts in the NEXO token.
When it differs as little as it does between Binance exchange and NEXO we would go for the Binance alternative.
Read more about Nexo in our Nexo review.
YouHodler and Binance Coin BNB APY
Youhodler is not offering the best Binance Coin BNB interest rate or APY. Anyway, Youhodler is a platform you can consider deposit if you want to generate Litecoin passive income instead. For Litecoin, Youhodler is offering a vert competitive ROI.
YouHodler is offering savings account with unlimited duration time and no lock up periods. The minimum amount you can invest on Youhodler savings account is $100.
Celsius Network Binance Coin BNB Interest Rates
Celsius Network is offering a good interest rate for Binance Coin BNB, 6.71%.
Celsius Network is the largest centralized crypto lending company with crypto interest accounts available for many different cryptocurrencies, including many stabelcoins.
Here, you can get very good interest rates and also very good welcome bonus and additional deposit bonuses to boost your crypto savings account.
Celsius Network Pros and Cons
- High interest rates
- No withdrawal fees
- $50 sign up bonus (terms and conditions)
- $10-$2000 additional deposit bonuses (terms and conditions)
- Great user interface
- No exchange feature in the mobile app
Celsius SignUp Bonus
Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.
Risks with Binance Coin Interest Rates
As for all investments, earning interest rate on your Binance Coin BNB involves certain risks you should be aware of.
What are the risks with crypto passive income?
Below, we have listed some of the risks we have identified with earning interest on our Binance Coin BNB holdings. Remember that the risks are not limited to those, always do your own research before you invest in financial products.
We have listed many centralized exchanges and lending companies.
- The company you deposit into can go bankrupt. Cryptocurrencies are still a very unregulated market
- The company/token network you deposit into can be hacked. This can happen to both centralized exchanges and decentralized tokens
- The cryptocurrency you own can loose in value (Also, some of the above companies have lock up periods and you might not be able to sell in time)
- Personal risks. You might have to sell for any reason because you need your funds for other purposes (unexpected expenses)
Always consider the risks before you invest in any product at all.
Always compare the risks versus the rewards. In our article about the best Polkadot DOT interest rates we have done an easy calculation example.
How To Minimize The Risks?
One important thing to handle is risk diversification.
Some examples of risk diversification are (but not limited to)
Don´t ever invest what you can´t afford to loose in high risk products, such as cryptocurrencies
Limit you crypto exposure risk by not invest all your savings into cryptocurrencies
Invest in more than only 1 cryptocurrency
Do not invest all your cryptocurrencies into the same exchange or interest saving account
Read more about crypto risk management.
No Financial Advice, Information only. Do your own research