Trading (Buying and Selling): This is the most common method. You buy cryptocurrencies (like Bitcoin or Ethereum) at a low price and sell them at a higher price. You can do this short-term (day trading) or long-term (holding your assets for months or years, known as "HODL").
Staking (Locking Cryptocurrencies): This involves "locking" your cryptocurrencies on Binance for a period of time to support the operation of a blockchain network. In return, you receive rewards in the form of more cryptocurrencies, similar to earning interest in a savings account.
Launchpad and Launchpool (New Projects): Binance often lists new cryptocurrency projects through its Launchpad (token sales) and Launchpool (earning new tokens by locking your BNB or other cryptos). Participating in these launches can give you access to tokens at preferential prices that could later increase in value.
Flexible and Locked Savings (Earn): Binance offers "Binance Earn" products where you can deposit your cryptocurrencies and earn interest. "Flexible savings" allow you to withdraw your funds at any time, while "locked savings" offer higher interest rates in exchange for keeping your funds for a fixed period.
Referral Programs: If you invite new users to register on Binance using your referral link, you can earn a commission on the trading fees generated by those individuals. It's a way to earn passive income if you manage to attract many users.
