To achieve a daily profit of $100 from Binance, you need to understand that this is not easy or guaranteed, and requires market knowledge, appropriate capital, and a clear strategy. Here are some common methods with important warnings:
1. Day Trading
Description: Buy and sell cryptocurrencies during the day to benefit from price movements.
Requirements:
Appropriate capital ($5000–$10000 or more to earn $100 daily with moderate risk).
Good technical analysis (such as using RSI, MACD, support and resistance).
Monitor the market daily.
Risks: High; you could lose capital quickly if you are not an expert.
2. Automated Trading (Bots)
Description: Use bots like Grid Trading or Spot Bots available in Binance.
Requirements: Set up smart strategies – best for those who do not want manual follow-up.
Risks: Lower than manual trading, but still present especially in volatile markets.
3. Futures
Description: Trade cryptocurrencies using leverage.
Requirements:
Small capital can generate large profits.
Deep understanding of leverage and risks.
Warning: Very high risk; you could lose all capital quickly.
4. Staking or Earn (Passive Income)
Description: Deposit cryptocurrencies in Binance Earn or Staking for fixed profits.
Requirements: You need significant capital (perhaps $20,000–$50,000) to achieve $100 daily.
Suitable for: People who do not want high risk or trading.
5. Referrals (Referral Program)
Description: Invite others to register on Binance via referral link.
Profits: You earn a percentage of their trading fees.
Requires: An audience or promotional channel like TikTok or YouTube or Telegram.
Important notes:
Start with a demo account or small capital for experimentation