In today's world, cryptocurrencies are not only a way to invest but also an opportunity to earn a stable income even with a small starting capital. Today I will tell you how I started my journey with 10 USDT and earn about $2 a day using simple strategies on Binance.
#My start: $10 USDT
I started with a minimal amount - only $10 USDT. This is enough to begin working and testing various strategies without significant risks.
#Main ways to earn
I use several methods to consistently generate income:
1.Staking (Staking)
2.Liquidity Farms (Liquidity Farming)
3.Trading on market fluctuations
Let's consider each of them in more detail.
1. Staking - passive income without unnecessary effort
What is staking?
This is the process of 'freezing' your cryptocurrency assets to support the operation of the blockchain network and receiving rewards for it.
#How do I use staking?
On Binance, there is an 'Earn' section - there you can choose suitable projects for staking with minimal amounts. I have currently chosen a project with an annual yield of about 11%.
#My example:
I invested my 10 USDT in a staking pool for 30 days with an 11% yield, but over time the amount grows.
2. Liquidity farms - an additional source of income
What are liquidity farms?
This involves providing your cryptocurrency pairs to liquidity pools on decentralized exchanges within Binance Smart Chain or through Binance Earn. For this, you receive a share of the fees from transactions within the pool.
#How do I use farms?
I choose USDT/USDC pairs or other stablecoins where the exchange fee is small, but the volumes are large. By providing liquidity, I receive a portion of the fees proportional to my share.
Result:
With investments of around $10 USDT in such pools, I receive approximately 0.01-0.02 USDT per day in addition to other strategies.
3. Trading on market fluctuations
For those who enjoy active work - trend trading or short-term trades can bring profit.
#My approach:
I use a simple strategy - I buy when the price drops slightly and sell when it rises. For this, I use small amounts and do not risk large volumes.
#Important:
Trading requires knowledge and experience, so I start with small trades and learn from my mistakes.
#Conclusion: how is it possible to earn about $2 a day?
Combining all these methods:
•Staking brings about 1-1.5 USDT per month (~0.05-0.05 USDT per day)
•Liquidity farms yield about 0.3-0.4 USDT per month (~0.01-0.02 USDT per day)
•Trading (with successful trades) adds another about 0.5-1 USDT per day
In total, this amounts to about $2 a day, which with an initial investment of just 10 USDT seems quite achievable!
#Why is this interesting?
•Minimum investments: You can start with small amounts.
•Passive income: Staking and farms require minimal involvement.
•Education: Trading helps to understand the market.
•Gradual growth: With accumulated profits, you can increase capital and expand strategies.
#Conclusion
Earning from cryptocurrencies is real even with a small starting capital - the main thing is to know the tools and approaches. Starting with 10 USDT on Binance, I was able to create a passive income system and earn about $2 a day with minimal risks and complex strategies.
If you want to try your hand - start small, learn, and grow!
Good luck to you in the crypto world!