Binance is one of the largest and most popular cryptocurrency exchanges in the world, but you don't have to be a professional trader to make a profit from it. In this article, we'll review some ways you can earn passive income on Binance without the need for direct trading.
1. Investing in Binance Earn
Binance Earn offers several options for investing in cryptocurrencies and earning a rewarding annual return. These options include:
Flexible and Fixed Savings: Allows you to place your funds in savings accounts that earn you regular interest.
Staking: You can earn rewards by locking your cryptocurrencies to support the blockchain network.
Dual Investment: Provides you with fixed returns through dual investment strategies.
2. Earning Money Through Referral Programs
Binance allows you to earn money by inviting friends to the platform. Once your friends sign up and trade, you receive a commission of up to 40% of their trading fees. The more you invite, the more you earn.
3. Profit from Liquidity Mining
Providing liquidity on Binance is an effective way to earn returns. You can participate in liquidity pools and earn rewards for trading transactions using your digital assets.
Top Three Cryptocurrencies to Invest on Binance
If you're looking for suitable cryptocurrencies to invest in on Binance without trading, here are some options:
$BNB (Binance Coin): The native currency of the Binance platform, it offers many benefits, such as reduced trading fees.
$USDC (USDC): A stablecoin that can be used to earn interest through saving and staking.
$ETH (Ethereum): One of the most popular cryptocurrencies, it's used in many decentralized applications (DApps).
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