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Conversely, locked products require users to lock their crypto for a predetermined timeframe (such as 15, 30, or 90 days). In exchange for this commitment, users enjoy a higher APR. However, it’s essential to note that if users choose to redeem their assets before the lock period concludes, they forfeit any rewards accumulated up to that point. Typically, locked products feature different available tokens compared to flexible options, which users should consider when selecting the right product for their portfolios.
Navigating Binance Simple Earn
To start leveraging Simple Earn, one must follow a straightforward process within the Binance app:
- Log In: Open the Binance app and log into your account.