Since 2017 till date, Binance has grown to be the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. Every year, Binance keeps updating its app with new features that give its users more ways to earn money through crypto, either actively or passively.
Binance has moved from just being a crypto exchange app to a crypto ecosystem that offers its users varieties of ways to make money. In this blog post, I will show you 9 different ways you can make money on Binance:
9 Ways To Make Money On Binance
1. Spot Trading
Spot trading is the direct buying and selling of cryptocurrencies to make profits. You can trade your crypto on the binance spot trading page and make your profits. There are over 600 crypto pairs on Binance that you can trade. For this, you will need the knowledge of technical and fundamental analysis to be a profitable trader. Watch the video below to learn how to do spot trading on Binance.
2. Futures Trading
Futures trading differs from spot trading in many ways. You don’t directly buy or sell cryptocurrencies in futures trading. It allows investors to speculate on the future value of a cryptocurrency. You can predict whether a crypto asset will go up or down and if it goes your way, you make money.
One of the most important benefits of binance futures trading is the use of leverage. You can trade crypto futures contracts with up to 125x leverage. This allows you to trade with more money and make more money.
3. P2P Trading
Peer-to-peer trading, also known as P2P trading, is the direct cryptocurrency transactions between users without a third party or intermediary. With P2P trading, you have more authority over the price at which you buy or sell cryptocurrencies.
You can make money on Binance P2P by buying cryptocurrencies from other users at a lower price and selling to them at a higher price. Hence, the difference in price is your profit.
Binance P2P is my most trusted trading platform designed for every crypto trader.
4. Binance Savings
On binance savings, you can subscribe to either the flexible or locked savings plan and earn interest and rewards. You can subscribe with your cryptocurrencies like BTC, ETH, BNB, USDT, and so on.
You can unsubscribe anytime for flexible savings, but for locked savings, you can only unsubscribe after the specified savings period.
5. Binance Locked Staking
Instead of leaving your crypto idle in your binance wallet, you can stake your crypto in via locked staking and earn rewards up to 150% annually. It has no risk involved. You can also start with as low as $10 and get to see your rewards daily.
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6. Defi Staking
Another way to earn passive income on Binance without any technical knowledge is Defi staking. Here, you can stake BTC, BUSD, DAI, USDT, or BNB, and start yield farming. Your funds are monitored by Binance’s real-time systems. And you can select between fixed and flexible options.
7. Binance Launchpad
Binance Launchpad is a unique platform on the binance app that allows users access to promising new cryptocurrencies. It also helps drive awareness and adoption of these projects.
It is also a way to raise funds for crypto projects through users and participants are rewarded with cryptocurrencies.
Watch the tutorial video below on how to make money on Binance Launchpad.
8. Binance Launchpool
Binance launchpool is a way for you to earn new tokens coming to Binance for free. To participate in this, you will have to stake BNB, BUSD, BTC, and other assets. This helps you to gain access to new cryptocurrencies even before the public get access.
Watch the tutorial video below to learn how to make money on Binance Launchpool.
9. BNB Vault
This allows users to earn rewards in BNB. When you subscribe to BNB vault with your unused BNB, you have the chance to get rewards from Launchpool, Savings and Defi Staking.
Binance — Buy, Trade and Hold Crypto
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