Earn $16 to $17 daily on Binance: A comprehensive guide for beginners💰🤑
Binance is one of the most popular cryptocurrency trading platforms, offering multiple ways to earn passive income or achieve daily profits. If you're new to the cryptocurrency world, 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., Solana, Bonk, Dogecoin, or PEPE).
Have a trading plan: Buy during market dips and sell when the price rises by at least 2-5%.
Start with a small investment: Begin with $100-$200, aiming for small, consistent 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 and potential losses in a downturn.
2. Futures trading on Binance (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 high-volume coin: Pick liquid coins like Bitcoin, Ethereum, Solana, 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 losses and take profits: Avoid liquidation by setting a stop loss at 2-3% and taking profits 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 potential liquidation if the trade goes wrong.
3. Binance Earn (passive income - low risk)
How it works:
Binance Earn allows you to share 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 staking: Lock stablecoins like USDT, or stake volatile coins like Solana, Polkadot, and ADA.
Stake on fixed or flexible terms: Fixed staking offers a higher annual percentage, while flexible staking allows you to withdraw at any time.
Reinvest profits: If you deposit $1000 at a 6% annual rate, you can earn about $0.16 daily.
✅ Pros: Low risk, passive income.
❌ Cons: Slower profits compared to trading.
4. Cryptocurrency arbitrage (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 exchange.
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 fast execution and low fees.
5. Binance Referral Program (passive income)
How it works:
You can invite friends to Binance and earn up to 40% commission 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 commission: Every 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
The method difficulty level risk potential profits
Spot trading is easy and low to medium from $5 to $20 daily
Futures trading at a moderate high level ranges between $10 and $100 daily
Earn from Binance very easily - make $5 to $10 daily