Trading on Binance is one of the popular ways to earn extra income. Here we will provide simple steps to achieve your daily profit goal.

Step 1: Set up a Binance account

Create an account: Create an account and verify your identity to complete all the features.

Account security: Use two-factor authentication (2FA) to protect your account.

Step 2: Choose the right strategy

1. Spot trading: Buy and sell coins to make small profits daily.

2. Investing via Binance Earn: Coins can be invested to earn fixed returns through saving or staking.

3. Futures trading: Suitable for experienced traders with higher risks.

4. P2P trading: You can buy and sell coins directly to benefit from the price difference.

Step 3: Invest via Binance Earn

Invest in fixed assets such as USDT or BUSD with annual returns ranging from 5% to 12%. This option generates a steady income with minimal risk.

Step 4: Spot trading to make extra profits

Choose highly liquid trading pairs such as BTC/USDT, and set simple profit targets of 1-2% per trade.

Step 5: Track Profits and Reinvest

Reinvest profits: Invest profits daily to gradually increase capital.

Track performance: Monitor your performance daily to improve strategies.

Risk mitigation tips

Use stop loss orders to avoid large losses.

Spread your investments across several strategies to reduce risk.