Crypto Savings Account | Simple Way to Deposit & Earn | Binance (2024)

Yes, subscribing to Simple Earn Locked Products allows you to receive rewards from both Simple Earn and Launchpool.

If there is more than one Launchpool project running concurrently, your BNB assets in Simple Earn Locked Products will be allocated into each project equally, unless otherwise specified.

Please note that Launchpool projects may have distinct country or region restrictions and/or hourly Hard Caps per user, and your allocation may differ accordingly. Please refer to each Launchpool project page to find out more about your participation eligibility, or to claim your Launchpool rewards.

Hourly Hard Caps per user are shared across your Launchpool staking, BNB Vault and BNB Locked Product assets.

Please note that the combined total of all your ongoing orders to Simple Earn Locked Products needs to be at least 0.001 BNB in order to earn Launchpool rewards.

Crypto Savings Account | Simple Way to Deposit & Earn | Binance (2024)

FAQs

How do you earn interest on crypto savings account? ›

Crypto savings accounts operate similarly to regular savings accounts. Users move assets from crypto wallets to crypto exchange accounts. The cryptocurrency exchange uses the deposited funds to offer loans to other users whilst depositors earn interest.

How to make $100 a day on Binance? ›

🤑🤑Making $100 Daily on Binance Made Easy! 🤑🤑
  1. Step 1: Get Started on Binance. ...
  2. Step 2: Choose the Right Coins. ...
  3. Step 3: Develop a Trading Strategy. ...
  4. Step 4: Start with a Small Investment. ...
  5. Step 5: Practice Risk Management. ...
  6. Step 6: Stay Informed and Adapt. ...
  7. Step 7: Learn from Experience. ...
  8. Step 8: Patience and Persistence.
Dec 18, 2023

What is a crypto savings account? ›

In a crypto savings account, your crypto assets are lent to borrowers for some time. In exchange, the borrowers have to repay their crypto loans with interest. The big draw toward crypto interest accounts is that they offer much higher rates of return than traditional savings accounts.

Should you put your savings in crypto? ›

Most financial experts recommend limiting crypto exposure to less than 5% of your total portfolio. Crypto is considered a high-risk asset class. Limiting allocation helps manage overall volatility and risk. Those new to crypto investing may start with 1% to 2% as an introduction.

What is the highest paying interest on crypto? ›

The 10 Best Cryptocurrencies for Staking
  • BNB. Real reward rate: 7.43% ...
  • Cosmos. Real reward rate: 6.95% ...
  • Polkadot. Real reward rate: 6.11% ...
  • Algorand. Real reward rate: 4.5% ...
  • Ethereum. Real reward rate: 4.11% ...
  • Polygon. Real reward rate: 2.58% ...
  • Avalanche. Real reward rate: 2.47% ...
  • Tezos. Real reward rate: 1.58%

What is the best interest earning crypto? ›

Best Crypto Savings Accounts Comparison
PlatformNumber of CryptosAPY(%)
NEXO60+BTC = 7% USDC = 14% ETH = 8%
UpHold30+ETH = 4.25% SOL = 5.5% ADA = 3%
KuCoin50+BTC = 0.4% ETH = 0.08% USDC = 6%
Coinbase120ETH = 2.97% DOT = 6.92% USDC = 5.10%
5 more rows
Mar 22, 2024

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