Put your HODL cryptocurrencies to work with Binance Simple Earn

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Users can earn daily rewards from unused tokens through Simple Earn.

Binance Simple Earn offers users several ways to increase their crypto assets, from helping protect against inflation to diversifying their portfolio.

Put your unused cryptoassets to work today with Simple Earn !


Binance Simple Earn is a unique Ecuador Mobile Number List platform that integrates a variety of income-generating subscription products for both cryptocurrency beginners and veterans.

Do you have crypto assets collecting dust in your Binance spot wallet ? Why not make your crypto assets work harder for you through Simple Earn?

Read on to discover the three main advantages of using Simple Earn.

Inflation coverage

Fiat currencies are prone to inflation. With the cost of goods and services used daily around the world rising in the last two years, many have begun to consider cryptocurrencies as an alternative to protect themselves from inflation, even despite the volatility of this market. It is said that digital assets may be less malleable to the effects of changes in interest rates and the intensification of money printing.
       


To further offset the impact of the rising cost of living, users who hold cryptocurrencies can make them work even harder by generating additional yield on Binance Simple Earn. This way, they will be able to benefit from daily reward distributions and, at the same time, have the flexibility and freedom to redeem them whenever they want.

Earn compounded returns with auto-enrollment in Simple Earn's flexible products


Compound return describes the mechanism of continuous reinvestment of accumulated returns, in addition to the capital or the initial amount invested. Imagine that you have deposited €100 in a normal savings account with an annual interest rate of 30%. Most banks calculate your interest monthly or quarterly and add the interest generated during those periods to your original deposit.

With Binance Simple Earn's auto-subscribe feature, we'll help you auto-subscribe on the same day you receive daily rewards from flexible products.

Let's take a look at the following table to make a comparison between the annual and daily compounding in a situation where the capital is €100 and the annual percentage rate is.