There are several ways to earn on Binance, which is one of the largest cryptocurrency trading platforms in the world. Here are some common methods:
1. Trading
Trading is the process of buying and selling cryptocurrencies with the aim of making a profit. You can trade on Binance using various financial instruments, such as:
- *Spot trading*: Buying and selling cryptocurrencies at the same time.
- *Margin trading*: Using leverage to increase the trading volume and achieve larger profits.
- *Futures trading*: Buying and selling futures contracts for cryptocurrencies.
2. Investment
Investing in cryptocurrencies can be profitable if done correctly. You can buy cryptocurrencies and hold them for a long time, or you can invest in exchange-traded funds (ETFs) or closed-end funds.