Binance is one of the largest platforms in the world for trading digital currencies, but making money from Binance is not limited to trading only. In this guide, we will discuss some of the basic ways in which you can make money from Binance without the need for traditional trading.
1. Profit from a savings account (Binance Savings) The Binance platform offers a savings account feature where you can deposit your cryptocurrencies into savings accounts to earn interest on these coins. The system offers two types of savings accounts: Flexible Savings Account: You can withdraw your funds at any time with increasing interest. Locked Savings Account: Your coins are deposited for a specific period (such as 7, 14, or 30 days) with a higher interest rate.
2. Profit from Staking Binance offers a staking feature where you can stake your coins in exchange for rewards. In some networks like Ethereum 2.0, you can freeze your coins for a certain period in exchange for generous rewards. Flexible staking: You can withdraw your coins at any time. Restricted staking: You are committed to freezing your coins for a certain period in order to achieve higher rewards.
3. Join LaunchpoolBinance offers users the opportunity to earn through Launchpool, a platform that allows you to deposit cryptocurrencies to participate in the launch of new projects and earn new coins generated by these projects.
4. Lending You can lend your cryptocurrencies through the Binance lending platform and earn interest on the loans you make. This allows you to profit from your assets without having to sell or trade them.
5. Binance Liquid Swap Binance Liquid Swap is a service that allows you to add liquidity to liquidity pools and earn returns. The system is used as an alternative to regular market trades and allows you to profit from the difference between added and used liquidity.
6. Join Referral Programs You can take advantage of Binance’s referral program to earn commissions for every new user you register on the platform. The more users register using your referral link, the higher your commission.
7. Use Binance CardBinance offers a bank card that allows you to use cryptocurrencies to pay at places that accept traditional credit cards. You can earn rewards of up to 8% on purchases you make using this card.
8. Liquidity Farming Liquidity mining is a way to earn cryptocurrencies by providing liquidity to a range of trades on the Binance platform. In return, you get rewards based on the amount of liquidity you provide.
9. Earn rewards through competitions Binance offers many competitions and rewards that you can participate in and earn cryptocurrencies or points that can be exchanged for rewards. Following these offers may give you additional opportunities to win.
10. Profit from NFTBinance supports an NFT platform where you can buy and sell non-fungible tokens. This new market offers great opportunities to profit without the need to trade traditional cryptocurrencies. ConclusionIf you are looking for ways to profit from Binance without trading, the platform offers many other options such as staking, lending, and subscribing to savings accounts. By following these methods, you can generate additional income by leveraging your digital assets without engaging in traditional trading operations. For more information on other profitable strategies and delving into business management and technology
