Earning "free" money on Binance (or any crypto exchange) is never entirely risk-free, but there are low-risk and passive strategies you can use to generate income from your holdings or time. Here are some legit strategies to earn on Binance:
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š¦ 1. Binance Earn (Flexible/Locked Savings)
What it is: You deposit supported cryptocurrencies (like USDT, BNB, BTC) and earn interest.
Types:
Flexible Savings: Withdraw anytime, lower rates.
Locked Savings: Higher interest, funds locked for a set period.
Risk: Low (unless the coin itself is highly volatile).
ā Example: Stake USDT in flexible savings and earn 2ā6% APY.
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š 2. Simple Staking (Proof-of-Stake coins)
What it is: Stake coins like BNB, ADA, or ETH to help the network and earn rewards.
Auto-Staking: Binance handles technical details.
Risk: Moderate (coin price may drop, locking periods may apply).
ā Example: Stake BNB and earn up to 4ā6% APY.
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š 3. Launchpool & Launchpad (New Projects)
What it is: Stake BNB or FDUSD to farm new tokens before public release.
Often Free: No capital cost beyond locking assets temporarily.
Risk: Token value can fluctuate, but initial access is free.
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ā Exa
mple: Stake BNB to earn newly launched project