![]() This lets you take advantage of the knowledge of Haru’s experts. ![]() There is also the option to automate your crypto investments with Haru Earn Explore. The highest target returns come from a Haru Earn Explore account. The common theme, however, is that Haru Invest has high returns. Your interest rate also depends on whether you choose to lock up your crypto with a Haru Earn Plus account. With a Haru Earn account, you can target as much as 35% APR depending on the crypto and the type of account you choose. If you want a Binance Earn alternative that overcomes some of its disadvantages, consider Haru Invest. ![]() You are unlikely to understand what you are investing in or how to choose the right investment if you don’t have crypto investing experience. Some basic options, like the fixed or locked savings accounts, are fine for beginners, but most of the other products are more complicated. Not for Beginnersīecause of the plethora of options available, Binance Earn is not ideal for beginners. This is a lack of transparency that makes it easy for the company to change its fees at any moment. However, Binance does not publish its fees at all. ![]() The fees depend on the type of product you choose. The transaction fees are also important to consider, as they reduce your earnings from Binance Earn interest rates. Lending tends to feature higher returns than fixed savings. To see them, you will have to regularly check the Activities tab and act fast. Our Binance Earn review also notes that there are some lending opportunities. This gives you the chance to invest in them early. Binance Launchpadīinance Launchpad showcases token launches that the Binance team considers promising. You can then choose how to redeem your funds, and your interest will depend on when you do so. You stake your BNB to get BNB Vault Assets that accumulate interest. It works with Flexible Savings, DeFi Staking, and Launchpool. If your holdings’ value increases, you make more. You deposit crypto to earn returns with a basis on several assets. Dual Savingsĭual savings is a way of controlling your risk with Binance Earn. Binance combines this with the Initial Exchange Offering (IEO) with Launchpool. You essentially lock your funds into a pool to “mine” one of the new tokens. Launchpool lets you engage in yield farming or liquidity mining. Some coins also offer a Flexible Lock that commits your coins to staking but gives you the ability to withdraw them. You choose to lock the coins for anywhere from seven to 90 days. With this product, you place your Proof of Stake coins in the Spot Wallet. You can easily find a locked savings alternative with longer lockup period choices and higher interest rates. You tend to get higher interest rates than with the flexible savings product. Your cryptocurrency is locked up for anywhere from seven to 90 days. Locked Savingsįixed or locked savings are essentially the equivalent of a savings account for cryptocurrency. You deposit crypto and earn interest on it. You can think of this as Binance savings’ version of a standard savings account. To help you make an informed decision, our Binance Earn review offers more detail about key services. This is part of the exchange’s attempt to reduce probing from regulators. As of late last year, Binance announced stricter requirements for UK investors. It is also much harder to use Binance Earn if you are in the UK. There is no Binance US Earn, as the Binance US website and platform is separate from that of other countries. If you live in the United States, then you will not be able to use Binance Earn. Binance has been in the news regularly due to this attention, and that may be concerning for some potential investors. It, and cryptocurrency as a whole, have also received a lot of regulatory attention. The United States and the United Kingdom are not the only areas where Binance Earn is facing criticism. ![]()
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