No, simply being active on the Binance app does not automatically earn you any income. However, Binance offers various methods through which you can earn from your crypto holdings.
Ways to earn on Binance
1. Binance Earn (Simple Earn)
This feature allows you to earn interest on your crypto assets. You can invest in two types:
Flexible Products allow you to do so at any time.
They allow you to withdraw your funds, but the interest rate is lower.
Locked Products require you to keep your funds locked for a certain period.
You need to lock it for a specified duration, but they have a higher interest rate.
For example, by locking BNB or USDT, you can earn daily.
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2. Staking
If you have some crypto coins, you can stake them on Binance to earn additional coins. For instance, you can earn rewards through staking for 2.0 Ethereum or other projects.
3. Referral Program
If you invite your friends to Binance and they sign up and trade using your referral link, you can earn a portion of their trading fees as a commission. This commission can be up to 40%.
4. Learn and Earn
Binance periodically offers educational courses and quizzes that you can complete to earn free crypto. This is a great opportunity for new users.
5. Launchpool
You can stake BNB or other coins in new projects to earn free tokens. This method offers an opportunity to obtain new tokens without any additional investment.
6. Send Campaigns
By sending crypto to friends through Binance Pay, you can sometimes receive rewards. For instance, by sending 0.001, you can earn up to $100 in campaigns.
Incomopedia rewards can be earned.
7. Write to Earn
If you write articles or posts on Binance Square and include specific hashtags or charts, you can earn up to 30% commission. This commission is based on the trading fees of your referrals.
Summary
Simply being active on the Binance app does not earn you income, but if you utilize your crypto assets in various Binance Referral or Earn Staking features like the Program, you can earn a steady income. If you have any specific crypto coins, I can suggest the best earning methods based on them.
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