Here are the main ways Binance users can earn passive income through various methods:
1. Binance Earn
Binance Earn is a platform that allows users to earn interest using their crypto assets. It offers a variety of investment options:
Flexible Savings: Think of your crypto assets as a savings account that you can withdraw whenever you want. Binance offers flexible savings and daily interest rates.
Fixed Savings: You lock your crypto assets for a set period of time and are rewarded with higher interest rates. However, assets cannot be withdrawn until maturity.
Launchpool: You can earn tokens by investing in new projects. You collect tokens of new crypto projects by staking your BNB, BUSD or other assets.
2. Binance Staking
Users can earn passive income by staking cryptocurrencies that support the Proof of Stake (PoS) mechanism on Binance. Staking contributes to the security of blockchain networks by locking up assets and earning rewards in return.
Locked Staking: You can get higher returns by locking your assets for a certain period of time.
DeFi Staking: Allows you to earn returns by investing your crypto assets in decentralized finance (DeFi) projects. Binance manages staking on behalf of users, making this a process that does not require technical knowledge.
3. BNB Vault
BNB Vault is a platform where you can create various sources of income by depositing BNB into multiple products. BNBs deposited into BNB Vault are automatically included in Binance Earn, Launchpool and other staking opportunities, providing maximum profit.
4. Binance Liquid Swap
Binance Liquid Swap is a platform where users can earn passive income by depositing their assets into liquidity pools. Users earn a share of trading fees for providing liquidity. Additionally, Binance may sometimes offer additional incentives to earn more.
5. Dual Investment
Dual Investment is a product that offers investors returns between two different assets. Users can evaluate the assets they trade in both downward and upward directions, making a profit according to market conditions. This is an investment that offers opportunities to achieve higher returns.
6. Binance Kart ile Cashback
You can get cashback on your daily spending using the Binance Visa Card. This card offers cashback in BNB on your spending. The cashback rate varies depending on your spending and the amount of BNB you hold in your wallet.
7. Binance Affiliate Program
By joining Binance’s affiliate program, you can invite your friends and earn commissions from their transactions. You will receive a commission rate for each new user you invite.
8. Liquidity Mining
Binance’s liquidity mining platform offers users the opportunity to earn rewards by contributing to liquidity pools. You can earn a share of transaction fees and earn extra income by providing liquidity.
In these ways, you can create various passive income sources on Binance and evaluate your crypto assets more efficiently.