Binance Flexible Savings Review on Binance Earn

What is Binance Earn with Flexible and Fixed Savings

Welcome to our guide and review about Binance flexible 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 locked 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 other cryptocurrencies. Here, you can earn passive income on your crypto holdings. Binance earnings consist of flexible savings, locked staking, DeFI staking, Launchpool, Liquid swap, and Dual Savings.

In this article, we will focus on

  • Flexible Savings 
  • Locked staking
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.

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

If you don´t want to lock your funds for 30 or 60 days we recommend you to look for alternatives such as YouHodler or Kraken. Here, you can deposit and redeem or withdraw your coins at any time.

What is Binance locked Staking?

With Binance fixed savings, or locked savings, you will get higher profits than for flexible savings. You will have to lock your funds for a certain period of time.

Binance locked saving has the best interest rates for many coins, some are listed below.

As you can see in the screenshot below, some common duration’s are 15, 30, 60 or 90 days.

However, users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.

Read more in our Binance locked staking review 2021.

Here, are some coins where Binance Earn is offering the best interest rate

Binance fixed savings account cryptocurrencies and rates screenshot

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

What is High Yield Staking Program?

Binance High Yield Staking Offer

Binance did launch it´s high yield staking program in April 2021. 

Here, you can earn the best APY on many different cryptocurrencies.

The limitation is that you are only allowed to deposit around $300-$400 per coin and you need to lock them up for 15 days. It´s also a first-come, first-served basis.

Read more about this Binance Earn product in our article,  Binance high yield staking review 2021.

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

Binance Earn VS YouHodler

Both Binance Earn and YouHodler are offering the best passive income and interest opportunities for many different cryptocurrencies.

However, there are some pros and cons you should be aware of

  • YouHodler has no lock up periods while you have to lock for 30, 60 or 90 days in Binance Earn to receive the best interest rates
  • YouHodler has a maximum interest earning deposit of $100.000 while Binance Earn also has a cap that is much larger than this
  • Non of the platform has loyalty levels or other bonuses as is the case for Celsius, Cryptocom and NEXO

Binance Coin BNB best interest rates and APY

So, where to find the best Binance Coin BNB interest rates and the higest APY?

We have listed all the best places to deposit you BNB holdings to earn the highest yield.

AS you could expect, Binance Earn is in the lead here. To see the full list, visit our blog post about the best Binance Coin BNB interest rates.

 

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