Earn $16 to $17 daily on Binance: A complete guide for beginners💰
Earn $16 to $17 daily on Binance: A complete guide for beginners💰🤑
Binance is one of the most popular cryptocurrency trading platforms, offering multiple ways to earn passive income or achieve daily profits. If you're new to the cryptocurrency world, this guide will help you understand how to earn between $16 and $17 daily using various methods on Binance.
1. Spot Trading (buy low, sell high)
How it works:
Spot trading is the simplest way to make money on the Binance platform. You buy a cryptocurrency at a low price and sell it when its price rises.
Steps to achieve daily profits:
Choose a volatile currency: Select currencies that have frequent price movements (for example, Sol, BNB, Dogecoin, or PEPE).
Make a trading plan: Buy during market dips and sell when the price rises by at least 2-5%.
Start with a small investment: Start with $100-$200, targeting small and continuous profits. A 5% profit on $300 equals $15 daily.
Monitor market trends: Use TradingView charts and Binance indicators to make better decisions.
✅ Pros: Easy for beginners, high liquidity.
❌ Cons: Requires market knowledge, potential losses in a downturn.
2. Futures Trading on Binance (High Risks, High Rewards)
How it works:
Futures trading allows you to trade using leverage, meaning you can achieve larger profits with a small investment.
Steps to achieve daily profits:
Choose a high-volume currency: Select liquid currencies like Bitcoin, Ethereum, Sol, or meme coins like DOGE.
Use leverage wisely: A 10x leverage on $50 gives you a $500 position. A 3% move can earn you $15.
Set stop-loss and take-profit: Avoid liquidation by setting a stop-loss at 2-3% and take-profit at 5-10%.
Follow market trends: Use Binance indicators like RSI, MACD, and Bollinger Bands.
✅ Pros: High earning potential, works in both bull and bear markets.
❌ Cons: High risks, potential liquidation if the trade goes wrong.
3. Binance Earn (Passive Income - Low Risk)
How it works:
Binance Earn allows you to share your cryptocurrencies to earn interest over time.
Steps to earn passive income:
Deposit money into Binance Earn: Go to the 'Earn' section on Binance.
Choose high-yield staking: Lock stablecoins like USDT, US Dollar for stable returns or stake volatile coins like Sol, DOT, and ADA.
Stake under fixed or flexible conditions: Fixed staking offers a higher annual percentage rate, while flexible staking allows you to withdraw at any time.
Reinvest profits: If you deposit $1,000 at a 6% annual rate, you can earn about $0.16 daily.
✅ Pros: Low risk, passive income.
❌ Cons: Slower earnings compared to trading.
4. Cryptocurrency Arbitrage (Low Risks, Quick Profits)
How it works:
Arbitrage is buying a currency at a lower price on one exchange and selling it at a higher price on another exchange.
Steps to achieve daily profits:
Look for price differences: Compare cryptocurrency prices on Binance, KuCoin, and OKX.
Buy at a lower price: If Bitcoin is priced at $42,000 on KuCoin and $42,200 on Binance, buy on KuCoin.
Transfer and sell on Binance: After withdrawal, sell for a profit of $200 (minus fees).
✅ Pros: Low risk, guaranteed profit if done correctly.
❌ Cons: Requires fast execution and low fees.
5. Binance Referral Program (Passive Income)
How it works:
You can invite friends to Binance and earn up to 40% commission on their trading fees.
Steps to earn referral income:
Sign up for the Binance Affiliate Program: Get your referral link from the 'Referral' section.
Promote on social media: Share your link on Facebook, Twitter, YouTube, Telegram, or blogs.
Earn a commission: Every time referred people trade, you earn a percentage of their fees.
✅ Pros: Passive income, no need for investment.
❌ Cons: Requires marketing skills and audience building.
Summary: The best way to earn $16 to $17 daily on Binance.
Method Difficulty Risk Level Potential Earnings
Spot trading is easy and can yield $5 to $20 daily at low to medium risk.
Trade futures at a moderate high level earning between $10 and $100 daily.
Easily earn from Binance - earn $5 to $10 daily.
