In the crypto world, you can earn income not only by trading but also by earning interest. Binance is one of the largest crypto exchanges that offers its users the opportunity to earn interest in dollars. So, how to earn dollar interest on Binance?
1. Binance Savings (Binance Savings Account)
Binance Savings is a platform that allows users to earn interest by depositing their stablecoins (BUSD, USDT). You can deposit your money with flexible or fixed options and start earning interest daily.
Flexible Savings: With this option, which you can withdraw at any time, you earn daily. Fixed Savings: You can benefit from higher interest rates by locking your funds for a certain period. Fixed-term accounts generally earn more than flexible savings accounts.
2. Binance Staking
Earning interest by staking on stablecoins has become quite popular in the crypto world. Binance offers its users the opportunity to stake BUSD and other stablecoins and earn in dollars through platforms such as DeFi Staking and Launchpool.
DeFi Staking: You can earn profits by investing in decentralized finance (DeFi) projects. Launchpool: Allows you to earn rewards by locking tokens to support Binance's new projects.
3. Binance Liquidity Farming
With Binance Liquid Swap, you can add your stablecoins like BUSD and USDT to liquidity pools, earn a share of transaction fees and earn in dollars. Liquidity Farming is one of the most effective ways to earn passive income in the crypto world.
