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Binance Earn — Are Binance Savings and Binance Staking Worth It?

Binance Earn has so many ways to earn crypto that it’s difficult to keep up with them. Most are advanced strategies, so I won’t be covering them here in CryptoRetirees.com.

In this article, I’ll be focusing on Binance Savings, the rewards option inside Earn, and Binance Staking, in case your risk appetite is a bit higher.

Both programs have a feature that doesn’t appeal to me — subscription. To earn interest on a particular coin or token, I can only do that if Binance hasn’t reached the limit on how much of that asset it will accept.

What this means is that, at the time of writing, I can’t take advantage of earning 7% on Bitcoin because that option is “sold out.”

I also don’t like that I have to lock in my crypto for whatever period Binance offers to earn higher rates. For example, that sold out Bitcoin savings plan was only available if I wanted to lock in my Bitcoin for 90 days.

If I want flexible options, which means I can access my crypto whenever I want, rates are much lower.

For example, if I want to lock in Pancake Swap tokens (CAKE), I can earn 25% if I lock them in for 7 days, or 20% if I lock them in for 15 days.

Binance Savings

The Savings program offers you lots of options. You can choose from Flexible and Locked savings. And it has an Auto-Invest program.

Flexible Savings

With these options, you subscribe (see above) to the coin or token you want to earn interest on. For example, if you’re holding BUSD (Binance’s USD token), you can earn, at this time, 10%.

There’s a catch though. Here’s what you see on the Flexible Savings page for BUSD.

Binance Earn's BUSD rateBinance Earn’s Flexible Savings rate for BUSD is 10% (at the time of this update).

See that “i” with the circle around it to the right of “Tier Rate”? Hover over it and you’ll see that the rate’s not as rosy as it appears.

The rate tiers for BUSDThe Flexible Savings interest rate for BUSD isn’t as good as it looks at first glance.

You’ll only receive the 10% rate on your first $500 BUSD. It drops to just 1.5% for $501 BUSD and up, or an even lower rate.

The BUSD rate tiers are an extreme. For example, the Tether (USDT) rate is also 10%, but it applies to the first $2,000 you hold in USDT, dropping to 3% up to $75,000 USDT.

The good news is that Binance Flexible Savings is available for 148 coins and tokens, so if you decide to start holding coins and tokens other than stablecoins, there will be many you can hold and earn.

Locked Savings

Locked means that Binance controls your crypto for the lock-in period, which ranges from 7 days to 90 days, depending on the coin or token.

The rates are considerably higher than for the same coin/token in Binance Savings.

For example, CAKE pays 25% (annually) in Locked Savings for a 7-day period, and 20% (annually) for a 15-day period, compared to 12% in Flexible Savings.

But, since you have to subscribe, the asset you want to earn in, or a particular interest rate, may not be available to you.

Locked Savings are only available for 10 coins/tokens at this time. And you’ll need to take into account that you must invest in lots.

For example, to earn 7% on Bitcoin, you’d need to lock in .01 BTC, which at today’s prices is just under $400 USD. If you want to invest more, you’d need multiples of that $400+ amount.


If you’re interested in accumulating a coin or token, and you’re holding either USDT or BUSD stablecoins, you can automatically invest in your preferred asset.

Each month, Binance will withdraw whatever amount you indicate from your stablecoin balance and purchase the asset on your behalf. It’s then deposited into Flexible Savings for you, where it will begin earning interest.

Auto-Invest takes advantage of dollar cost averaging, where price fluctuations are smoothed out as you buy low a few times and high a few times.

You can arrange to buy daily, weekly, bi-weekly or monthly. And you can arrange to have some of your USDT or BUSD removed from Flexible Savings to use in Auto-Invest if you don’t have enough of the stablecoin to complete a purchase.

Binance Staking

Staking will, in many cases, earn you more interest than the rates paid in Binance Savings.

However, for stablecoins, which I recommend if you’re on a low fixed income, the rates are much lower than what you’ll receive from Binance Savings.

If you feel comfortable risking a bit of your capital, you could see some outsized gains.

For example, at the time I wrote this, you could lock in some Axie Infinity (AXS) tokens for 30 days and earn 75.28% (annual rate). Or lock it in for 90 days and earn 104.62% (annual rate).

Keep in mind that staking anything other than stablecoins entails the risk of your crypto depreciating in value during the lock-in period.

You can redeem before the lock-in expires, but any interest paid out to you is then deducted from your principal. So you definitely must be willing to keep the amount locked in for the entire period.

You have the option to use Locked Staking, with 94 different coins and tokens, or DeFi Staking, which has 13 offerings. Stick with Locked Staking until you know more about decentralized finance (DeFi) products.

Confused About Binance Earn? So Was I!

Binance Earn’s saving and staking programs are aimed at a specific audience, and that audience isn’t you and me. At least not at this stage of our crypto investing career.

If your goal is to flourish in your retirement by staying ahead of inflation, stick with a simpler platform, like Freeway.

If you’re not on a fixed income, or you have a larger monthly income, and you have the appetite for more risk in return for more income, then Binance Savings and Binance Staking could be right for you.

If you want to set up a Binance account to take advantage of Binance Earn options, click on the button below.

Disclosure: If you use that button, I’ll earn a small share of any trading fees you pay for using Binance.

I prefer to share the wealth, so I have arranged with Binance to split the commission with you, 50/50. So you’ll receive some of your trading fees in Bitcoin.