Earn $16 to $17 daily on Binance: A complete guide for beginners💰🤑
Binance is one of the most popular cryptocurrency trading platforms, offering multiple ways to earn passive income or make daily profits. If you are new to the world of cryptocurrencies, this guide will help you understand how to earn between $16 and $17 daily using various methods on Binance.
1. Spot trading (buy low, sell high)
How it works:
Spot trading is the simplest way to make money on the Binance platform. You buy a cryptocurrency at a low price and sell it when its price rises.
Steps to achieve daily profits:
Choose a volatile coin: Select coins that have frequent price movements (e.g., SOL, PUNK, DOGE, or PEPE).
Make a trading plan: Buy during market dips and sell when the price rises by at least 2-5%.
Start with a small investment: Start with $100-$200, targeting small, continuous profits. Earning 5% on $300 equals $15 daily.
Monitor market trends: Use TradingView charts and Binance indicators to make better decisions.
✅ Pros: Easy for beginners, high liquidity.
❌ Cons: Requires market knowledge, potential losses in a downtrend.
2. Futures trading on the Binance platform (high risk, high rewards)
How it works:
Futures trading allows you to trade with leverage, meaning you can achieve larger profits with a small investment.
Steps to achieve daily profits:
Choose a coin with a large volume: Pick liquid coins like Bitcoin, Ethereum, SOL, or meme coins like DOGE.
Use leverage wisely: 10x leverage on $50 gives you a position worth $500. A 3% move can earn you $15.
Set stop-loss and take-profit: Avoid liquidation by setting a stop-loss at 2-3% and taking profit at 5-10%.
Follow market trends: Use Binance indicators like RSI, MACD, and Bollinger Bands.
✅ Pros: High earning potential, works in both bull and bear markets.
❌ Cons: High risks, and the possibility of liquidation if the trade goes wrong.
3. Binance Earn (Passive income - low risk)
How it works:
Binance Earn allows you to stake your cryptocurrencies to earn interest over time.
Steps to earn passive income:
Deposit funds in Binance Earn: Go to the "Earn" section on Binance.
Choose high-yield investments: Lock stablecoins like USDT, USD for the dollar, or bet on volatile currencies like SOL, DOT, and ADA.
Bet on fixed or flexible terms: Fixed betting offers a higher annual percentage, while flexible betting allows you to withdraw at any time.
Reinvest profits: If you deposit $1,000 at an annual rate of 6%, you can earn about $0.16 daily.
✅ Pros: Low risk, passive income.
❌ Cons: Slower profits compared to trading.
4. Arbitrage in cryptocurrencies (low risk, quick profits)
How it works:
Arbitrage is buying a coin at a lower price on one exchange and selling it at a higher price on another.
Steps to achieve daily profits:
Look for price differences: Compare cryptocurrency prices on Binance, KuCoin, and OKX.
Buy at a lower price: If Bitcoin is priced at $42,000 on KuCoin and $42,200 on Binance, buy on KuCoin.
Transfer and sell on Binance: After withdrawal, sell to make a profit of $200 (minus fees).
✅ Pros: Low risk, guaranteed profit if done correctly.
❌ Cons: Requires quick execution and low fees.
5. Binance Referral Program (Passive Income)
How it works:
You can invite friends to Binance and earn a commission of up to 40% on their trading fees.
Steps to earn referral income:
Sign up for the Binance Affiliate Program: Get your referral link from the "Referral" section.
Promote on social media: Share your link on Facebook, Twitter, YouTube, Telegram, or blogs.
Earn a commission: Each time referred individuals trade, you earn a percentage of their fees.
✅ Pros: Passive income, no need for investment.
❌ Cons: Requires marketing skills and audience building.
Summary: The best way to earn $16 to $17 daily on Binance.
Method Difficulty Risk Level Potential Earnings
Spot trading is easy and yields low to medium earnings of $5 to $20 daily.
Trade futures at a moderate level earning between $10 and $100 daily.
Earn from Binance very easily - earn $5 to $10 daily.