.These methods are based on the principle of 'passive income' or 'passive profit' by leveraging your existing digital currencies or taking advantage of platform programs:
* Binance Earn:
This is the main gateway to passive income on Binance, offering a range of products:
* Simple Earn - Flexible and Locked Savings:
* Flexible Savings: You deposit your digital assets (such as USDT, BTC, ETH, BNB) and earn daily returns. You can withdraw your funds at any time, giving you complete flexibility, but the returns are usually lower.
* Locked Savings/Staking: You lock your digital assets for a specific period (such as 30, 60, or 90 days). In return, you receive higher returns. You cannot withdraw your funds before the agreed-upon period ends.
* Staking: Similar to Locked Savings, where you lock your digital assets to support the operation of the blockchain network (especially cryptocurrencies that use Proof of Stake mechanism) and earn rewards for it.
* Dual Investment: An advanced product that offers high returns but comes with higher risks as the currency you will receive the return in can change based on the market price at the settlement date.
* Liquid Swap: You can provide liquidity for trading pairs and earn a portion of the trading fees collected from traders. It involves the risk of 'Impermanent Loss.'
* Launchpool:
You can earn new cryptocurrencies for free before they are listed for trading. All you need to do is lock your coins (usually BNB or FDUSD) for a certain period, and you will receive a portion of the new coins that are launched. This is an excellent opportunity to get promising coins in their early stages.
* Referral Program:
You can invite your friends to register on Binance using your referral link. When your friends trade, you earn a percentage of their trading fees as a commission. The more people you invite and trade, the higher your passive earnings.
* Learn & Earn:
Binance regularly organizes 'Learn and Earn' campaigns. In these campaigns, you watch educational videos or read articles about specific cryptocurrency projects, then answer questions about them. If you answer correctly, you earn a small amount of those cryptocurrencies for free.
* Auto-Invest:
Although it is not considered direct 'profit' in the passive sense, it allows you to build your portfolio over time without active trading. You can set up a plan to regularly purchase a specific amount of your favorite cryptocurrency (daily, weekly, monthly), helping to mitigate the impact of market fluctuations (Dollar-Cost Averaging strategy - DCA).
Important tips:
* Understand the risks: Although these methods do not require active trading, the value of cryptocurrencies themselves remains volatile. The value of your underlying assets may decrease even if you are earning returns.
* Read the terms: Before participating in any Binance Earn product, make sure to read and understand all terms, including return rates, lock-in periods, and any potential fees.
* Diversify your investments: Do not put all your money into one product or one currency. Diversify your investments to reduce risk.
By using these options, you can achieve passive income from your digital assets on Binance without needing to engage in the complexities of daily trading.
