You are selling your optionality for the period
Locked products trade access for a higher rate. The real cost is not fees but the inability to reposition when markets move.
So the decision hinges less on the headline yield and more on whether you truly will not need the funds.
What to prepare before you start
These five things cover almost every delay people run into: No foreseeable need for the funds during the term.
Compare annual rates plus accrual and maturity timing. Know what early redemption costs, usually forgone interest.
Establish whether the structure is principal-based or variable.
Four steps to choosing a term
Map your own cash calendar first, products second: List upcoming cash needs and their dates.
Define the longest safe lock-up, erring short rather than long. Compare rate differences across terms for the same asset and judge whether they compensate you.
Spread maturity dates so reinvestment decisions do not pile up. Track every maturity and pre-decide what comes next.
Fees, limits and processing times
Numbers change from time to time, always confirm on the official fee page before you commit size: Simple Earn offers flexible terms you can redeem any time and locked terms that pay more but lock your coins for a set period.
Launchpool and similar campaigns let you stake existing holdings to farm new tokens, though the yield is variable and not guaranteed. The core line-up covers spot, margin, USD-margined and coin-margined futures, and options in supported regions.
Earn products, Binance Pay and the Web3 wallet sit alongside the exchange for users who want yield, payments or self-custody. Spot trading starts around 0.10% maker and 0.10% taker for regular accounts, with a BNB-balance discount available when you opt in.
USDT-margined futures commonly start near 0.02% maker and 0.05% taker; funding is exchanged every eight hours on perpetuals.
The Binance-specific part
Locked Binance products let you renew principal only or principal plus interest from the position page. Each tranche has capacity, so popular terms may sell out until reopened.
Frequently asked questions
Can I exit if price falls during the term
Usually yes, but expect to lose accrued interest or pay a penalty; read the product rules.
Is the yield fixed
Most rates float or tier, so displayed annual figures rarely match realised returns.
Does it auto-renew at maturity
Some products roll over; disable auto-renew if you want control.
Risk notes and next steps
Keep reading:美股行情总览;用 USDT 买 VOO / QQQ 的完整步骤;特斯拉（TSLA）实时股价. Never lock money you may need in the near term.
Stagger maturities to keep reinvestment flexible. Read structure and exit terms on any high-yield product.
