How to earn dollars in binance app:
1. Trading Cryptocurrencies
Spot Trading: Buy cryptocurrencies at a lower price and sell them at a higher price. This is straightforward but requires knowledge of market trends.
Margin Trading: Borrow funds to trade larger positions, amplifying both potential gains and risks.
Futures Trading: Trade crypto futures contracts where you speculate on the price of a cryptocurrency without owning the asset itself.
2. Staking
Crypto Staking: Binance offers staking options for various cryptocurrencies. You can earn rewards by locking up your coins for a certain period.
Launchpool: Binance’s Launchpool allows you to stake specific tokens to earn newly launched cryptocurrencies.
3. Binance Earn
Savings Accounts: Store your crypto in Binance’s savings accounts (Flexible or Locked) and earn interest over time.
DeFi Staking: Invest in decentralized finance (DeFi) projects through Binance’s platform and earn yields.
Dual Investment: Commit to two cryptocurrencies and earn higher rewards by speculating on market trends.
4. Liquidity Mining
Provide liquidity to different pools in Binance’s Liquidity Swap feature, and in return, you earn a portion of trading fees and liquidity incentives.
5. Affiliate Programs
You can refer friends to Binance through their affiliate program and earn a percentage of their trading fees.
6. Binance P2P (Peer-to-Peer)
Buy and sell cryptocurrencies directly with other users using your local currency. You can earn profits by arbitraging the price differences between exchanges or markets.
7. Binance NFT Marketplace
Buy, sell, or create NFTs (Non-Fungible Tokens) and earn money by participating in the growing digital art market.
8. Binance Card
Convert your cryptocurrencies to dollars or other currencies through the Binance Visa Card, which allows you to spend crypto like fiat.