The truth about Binance Square that no one tells you.
Every day there's someone posting about the square, always with huge promises and amounts.
But almost no one tells you the truth about it.
I'm here openly, just to warn you about the reality.
We see people earning 50, 100, 200, 600 dollars a week in the square, but that is not the reality.
Only those who are lucky enough to hit a good post earn that, and to reach amounts like 50 dollars, the post you made would need to have many people clicking on your post and on the symbol $ or on the name of the coin at the end of the post to earn something, and something like 1 million dollars that people could buy (who saw your post and clicked on the symbol) and 1 million dollars would only give you 5% of the fee that Binance charges, meaning, the fee of Binance for 1 million summed up is 750 dollars, however you receive 5% of 750, which is 37.50 dollars yours.
It shows there in the square 30% commission, but remember, 10% and 30% of the commission, only those with many followers, many people buying and people clicking on the coin earn, and that is extremely difficult to achieve, because less than 50 people are chosen (the top 50).
So being more direct, you only earn 5% from the post, and also if someone clicks on the dollar sign or below the post, which many times are cents, or cents of cents.
I thought I could earn something, but honestly it is extremely difficult.
I worked too hard in the last few weeks and made less than 1.50 dollars.
By the way, I know some may think that my posts didn't have views, but in reality, I had over 1 million views in 14 days and earned only 1.26 dollars.
The only way to earn something is by posting and receiving something from people, and you can be sure, it is extremely difficult.
I haven't earned absolutely anything so far.
This is just a venting and the reality for those who want to post on Binance Square.
Want to earn? Buy cryptocurrency.
Regards.
