Binance Earn: a wide choice, multiple possibilities

Binance Earn: a wide choice, multiple possibilities

https://www.binance.com/fr/activity/referral-entry/CPA/together-v3?ref=CPA_004NXAN6A4

The largest choice of cryptocurrencies generating passive income
Let's be clear right away, Binance Earn, the services of the Binance crypto platform for generating passive income, does not only offer staking strictly speaking. By relying on the various possibilities of staking and DeFi, Binance can make your investments grow in more than 180 different cryptocurrencies!

Whether stablecoins, like BUSD or USDT, or other altcoins like Polkadot (DOT), The Sandbox (SAND) or Shiba Inu (SHIB), the world's leading platform is also establishing itself as a reference on staking and its equivalents. In June 2023, staking on the Arbitrum (ARB) is almost impossible to find on “general public” platforms, despite the growing notoriety of crypto, except on Binance where it is available!

Several levels of yield, to be boosted by blocking your cryptocurrencies
Not only does Binance offer a wide choice of crypto assets, but the site also offers different levels of returns for the same cryptocurrency, depending on the blocking duration.

If you opt for a flexible offer, where you can withdraw your assets at any time, the rewards will be lower. On the other hand, if you agree to block your cryptocurrencies for 30, 90 or 120 days, then much more attractive rates will be offered to you. For example, Avalanche (AVAX) in flexible returns you around 3% annually, compared to 18.90% for a 120-day block (approximately 4 months). Please note that early repayment remains possible, even on a blocked product. But be careful, because you will not recover interest in this case.

Other traditional banking products work similarly. Certain bank accounts thus promise higher returns, provided that these funds are immobilized for a certain period. This is easily understood. Over a longer time horizon, funds can be invested in riskier, more illiquid, but also more profitable vehicles.

If you know that you are going to hold a position (you are then what we call a hodler), then it would be a shame not to put your chips to work!

For example, I know that I will keep Polygon (MATIC) for the long term, so I placed them on Binance Earn with a 90-day lock-up for an estimated annual return of 19.6%.

Low or no fees
There is little or no mention of fees regarding staking or Binance Earn products in general. We can therefore consider that the fees are non-existent, or simply that the estimated interest rates displayed are net of fees. In all cases, the solutions offered by the world leader in crypto platforms remain very attractive and are better than letting your cryptocurrencies sleep in your wallet!

Another point which can reassure, in general this company offers some of the lowest fees on the market