Thanks to everyone who supported me with a comment, follow, and like, and now let's start the explanation 👇👇👇👇
Earning from Binance without trading is an interesting concept, and it is ideal for beginners who do not want to take the risks of direct trading. These methods are known as 'Passive Income'.
Binance offers a range of products under the name Binance Earn, designed specifically to help you earn from the digital currencies you own without the need for daily trading.
Here are the most important ways to earn on Binance without trading for beginners:
1. Simple Earn
This is the easiest way for beginners. All you need to do is deposit your digital coins into the 'Simple Earn' product to earn returns. There are two main types:
* Flexible: You can deposit your coins and withdraw them at any time. The yield is lower, but the flexibility is high. This is ideal for beginners who want to try it without committing for a long period.
* Locked: You deposit your coins for a specific period (e.g., 30, 90, or 120 days). The yield is higher than the flexible product, but you cannot withdraw your coins before the agreed-upon period ends.
How to get started?
* Go to the 'Earn' section on Binance.
* Choose 'Simple Earn'.
* Search for the currency you want to deposit (e.g., USDT, BUSD, BNB, ETH).
* Choose either the flexible or locked option.
* Enter the amount you want to deposit and click confirm.
2. Staking
Staking is another way to achieve passive income. Simply put, you 'freeze' your digital coins to support and secure their blockchain network. In return, you receive rewards. Binance greatly facilitates this process, handling all technical details on your behalf.
How to get started?
* Go to the 'Earn' section and then 'Staking'.
* Look for coins that support staking (like SOL, ETH, ADA).
* Choose the time period you want to stake your coins for (e.g., 30 or 60 days).
* Enter the amount and click 'Store'.
Note: There may be an unbonding period when withdrawing your coins after the staking period ends.
3. Lending
If you own digital coins, you can lend them to other traders on Binance for interest. Traders use this money for margin trading, and you receive interest periodically. This method offers relatively stable returns.
4. Launching new projects (Launchpad & Launchpool)
This is one of the most popular and attractive methods on Binance. You can use your existing coins (especially Binance Coin BNB or stablecoins like FDUSD) to participate in launching new projects.
* Launchpool: You stake your coins (like BNB) for a certain period and receive a portion of the new coin being launched as a reward. When the event ends, your original coins are returned, and the new coins you earned are added to your wallet.
* Launchpad: Gives you the opportunity to buy new project coins at a low price before they are listed on the market, by using BNB.
How to get started?
* Make sure you own BNB or the required currency for participation.
* Go to the 'Launchpad' section on Binance.
* Choose the new available project.
* Store the required coins for participation.
Important tips for beginners:
* Start with small amounts: Don't put all your money into one product.
* Understand the risks: Although these methods are less risky than trading, they are not without risks. The value of the coin you own may decrease, which could lead to losses even with profits.
* Use stablecoins: If you don't want to bear the risks of market fluctuations, you can use stablecoins (like USDT or FDUSD) in earning products, as their value is relatively stable.
* Read the terms and conditions: Before participating in any product, make sure you fully understand the terms, such as the deposit period, yield rate, and profit withdrawal method.
Using these methods, you can achieve passive income from Binance without needing to spend hours analyzing the market or following charts.
Your support encourages me to continue 🎈🤎
Don't walk the path alone: your place is here among my teams 🎁💪
