Binance offers several ways to earn passive income,
Here's a breakdown of the main methods:
Simple Earn (Flexible and Locked Savings):
Deposit your crypto into a savings account and earn interest. You can choose flexible savings with flexible withdrawals or locked savings with higher interest rates but a set period of time.
Dual Investment:
Deposit your crypto and set a target price and date. You can earn high interest while potentially profiting from price fluctuations.
Launchpool:
Stake your existing crypto (usually BNB or USDT) to earn newly launched tokens from Binance's Launchpool projects.
Staking:
Binance allows you to stake supported cryptocurrencies like Ethereum (ETH), Cardano (ADA), or Binance Coin (BNB) to earn rewards by supporting the network.
Binance Liquid Swap:
Deposit your assets into liquidity pools and earn a portion of the trading fees generated.
Learn & Earn:
Complete courses and quizzes to receive rewards in various cryptocurrencies.
To get started:
Create a Binance account: If you don't have one already, create a Binance account and verify it.
Deposit funds: Deposit the cryptocurrency you want to use for earning passive income.
Navigate to the "Earn" section: Find the "Earn" section on the Binance platform to access the different passive income options.
Choose your preferred method: Select your preferred passive income strategy based on your risk tolerance and desired returns.
Subscribe or participate: Follow the instructions for each method to subscribe to savings programs, participate in Launchpool events, or stake your assets.
Start earning: Your passive income will be earned and credited to your Binance account automatically.