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This guide introduces you to the basic concepts of earning passive income. Binance Earn offers a suite of products for you to grow your crypto holdings easily. By completing quizzes, you could win crypto rewards and stake them to earn exclusive rewards!
Binance Earn Passive Income on Binance Quiz Answers
Question 1: Which of the following is a form of passive income?
Answer is : Alice stakes her crypto holdings
Question 2: What can you do with Binance Earn?
Answer is : Select different products to grow your crypto holdings
Question 3: “Locked staking” refers to the process of locking your digital assets on a _____ for a certain period of time.
Answer is : Proof of Stake blockchain
Question 4: What is NOT staking?
Answer is : Generate returns by trading your coins
Question 5: What can you NOT do on Binance Earn?
Answer is : Conduct leveraged trading to amply the returns
Question 6: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer is : False
Question 7: Binance Locked Staking’s locking period for different products is the same. True or false?
Answer is : False
Question 8: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
Answer is : True
Question 9: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _____.
Answer is : Spot Wallet