1. Trading
Day trading: involves buying and selling cryptocurrencies in short periods of time to profit from price changes.
Leveraged Trading: You can use leverage to increase your trading volume. But you should be careful because leverage increases your risk.
Advanced Spot Trading: Buy cryptocurrencies at market prices and sell them when their prices rise.
2. Long-term storage (HODLing)
This is a strategy of buying cryptocurrencies and holding them for a long period of time in order to benefit from their increase in value over time.
For example, you can buy currencies like Bitcoin or Ethereum and leave them in your wallet for a long time.
3. Investing in digital assets (Staking)
Certain coins like Cardano, Polkadot, and Ethereum 2.0 can allow you to earn rewards in the form of additional coins through what is called staking.
You will need to deposit your coins into a staking compatible wallet, and then you will receive a percentage of the rewards based on the amount of coins you have staked.
4. Binance Earn
Binance offers several ways to increase your balance through investment savings such as “Flexible Savings” and “Locked Savings”.
You can deposit your cryptocurrencies into private accounts and then earn interest on them.
5. Mining
Some cryptocurrencies, such as Bitcoin and Litecoin, can be mined using computers. Mining hardware can be purchased and used to obtain coins.
However, mining coins requires an investment in hardware and equipment and may be unprofitable if you do not have access to low-priced electricity.
6. Referral Program
Binance offers a referral program where you can invite friends to register on the platform using your referral link, which enables you to get a percentage of the fees paid by them.
7. Investing in Initial Coin Offerings (IEO)
Binance offers the opportunity to participate in Initial Exchange Offerings (IEOs) to purchase new cryptocurrency tokens before they become available to the public.
8. Investing in Stablecoins
Stablecoins like USDT and USDC are pegged to the US dollar, and you can use them in trading or deposit them into savings accounts on Binance to earn interest.
Important tips:
Continuous learning: Before engaging in any investment activity, it is important to learn well about how cryptocurrencies work and how to analyze the markets.
Risk Management: A fixed budget for profit and loss should be set and investment should not be overstated.
note:
Each of these methods carries risks, and some require significant experience in the financial markets.