If you have some crypto that you're not planning to trade anytime soon, why let it sit idle in your wallet when you could earn some interest? Binance's Flexible Savings is easy to use — deposit and withdraw anytime with virtually no barriers to entry. If you don't have an account yet, register on Binance first, and after you download the Binance APP, you can start earning right away.
What Is Flexible Savings?
Flexible Savings is where you deposit your crypto into Binance's savings products. The platform uses these assets for lending and other operations, and distributes the generated returns to you proportionally. It's similar to a bank savings account — you can withdraw at any time.
Which Coins Are Supported?
Binance Flexible Savings supports many popular coins, including:
- USDT, USDC, BUSD, and other stablecoins
- BTC, ETH, and other major cryptocurrencies
- BNB and other trending coins
Different coins offer different yields, and stablecoin yields tend to be relatively stable.
How to Get Started
Step 1: Find the Earn Section
Open the Binance APP, tap "Earn" at the bottom, then select "Flexible"
Step 2: Choose a Coin
Browse the available flexible products and select the coin you hold. You can see the annualized yield for each coin.
Step 3: Subscribe
Tap the product you want to deposit into, enter the amount, and confirm your subscription. Interest starts accruing the next day.
Step 4: Check Your Earnings
In "Earn Account," you can see your daily earnings. Interest is automatically distributed to your earn account every day.
How to Withdraw
You can redeem at any time:
- Go to your Earn Account
- Find the product you deposited into
- Tap "Redeem"
- Enter the redemption amount
- After confirming, funds will return to your Spot wallet
Flexible products typically arrive instantly or within a few minutes.
What About the Yields?
Flexible Savings yields are variable and fluctuate based on market supply and demand. Generally speaking:
- Stablecoin annualized yields are approximately 1%-5%
- Major coin yields are relatively lower
- Yields tend to rise during bullish market conditions
Are There Risks?
The risks of Flexible Savings are relatively low, but not zero:
- Yields are variable — no fixed returns are guaranteed
- Platform risk: Although Binance is very large, theoretically any platform carries some risk
- Under normal circumstances, there is no risk of losing your principal
Tips
If you have idle USDT or other coins, putting them into Flexible Savings is better than leaving them in your wallet. While the returns aren't exceptionally high, they're steady and flexible. Think of it as putting your crypto to work earning a little extra on the side.