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Binance Academy
--
A Beginner's Guide to Earning Passive Income With Crypto
What is passive income?
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
hi
Binance News
--
Binance Market Update: Crypto Market Trends | April 14, 2025
According to CoinMarketCap data, the global crypto market cap is $2.67T, a 0.88% decrease over the last day.Bitcoin (BTC) traded between $83,034 and $85,544 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,492, down by 0.32%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FUN, FIRO, and ORCA, up by 26%, 13%, and 11%, respectively.Top stories of the day:Richard Teng: Enterprises are Turning Attention Beyond Traditional Reserves, with Bitcoin and Digital Assets Set to Become a Major FocusMcDonald's Faces Shareholder Proposal to Invest in BitcoinGlobal Markets React to Tariff Uncertainty and Fed ExpectationsCitigroup Analysts Downgrade U.S. Stock Market Rating Amid Global ConcernsU.S. and China Engage in Preliminary Tariff Discussions Hong Kong's First Virtual Asset ETFs Approved for Staking Activities Bitcoin Volatility Declines Amid Market Stabilization U.S. Tariff Pause Offers Temporary Relief to Dollar Upcoming Key Economic Events and Announcements U.S. Adjusts Tariff Policy on Electronic ProductsMarket movers:ETH: $1633.42 (+0.52%)XRP: $2.1304 (-2.61%)BNB: $590.1 (-0.62%)SOL: $132.73 (+1.65%)DOGE: $0.16343 (-1.58%)ADA: $0.639 (-2.01%)TRX: $0.2568 (+3.93%)WBTC: $84409.72 (-0.40%)TRUMP: $8.35 (-3.13%)AVAX: $20.05 (-0.25%)
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💰 How to Earn $10 - $30 Daily on Binance Without Any Investment 💰
Want to earn money on Binance without putting in any of your own funds? It’s totally possible! With Binance’s various reward programs, promotions, and trading tools, you can start earning between $10 - $30 daily without any initial investment. Here's how you can do it!
1️⃣ Binance Learn & Earn – Get Free Crypto by Learning
Binance has a program called Learn & Earn where you can earn free crypto just by completing educational modules and quizzes.
How It Works:
Sign up for Learn & Earn.Complete short courses and pass the quizzes.Earn free crypto worth $5 - $30!
Pro Tip: Convert your rewards into stablecoins (like USDT) or use them for low-risk strategies to keep earning.
2️⃣ Binance Task Center – Easy Tasks, Easy Rewards
The Binance Task Center lets you earn crypto by completing simple tasks.
How to Earn:
Complete easy tasks related to trading.Get vouchers or rewards from limited-time promotions.
Potential Earnings: $5 - $15 per task.
Pro Tip: Check the Task Center often for new tasks and time-sensitive promos!
3️⃣ Binance Airdrops & Promotions – Free Crypto Giveaways
Binance regularly offers airdrops and special promotions, giving you the chance to claim free crypto!
How to Participate:
Visit the Binance Promotions page.Stake or hold specific tokens to qualify for airdrops.Join Launchpool to earn new tokens for free.
Potential Earnings: $10 - $20 per event.
Pro Tip: Save your free tokens and reinvest them into trading or staking.
4️⃣ Spot & Futures Trading – Turn Free Crypto into Profits
Once you have free crypto from the above methods, you can trade it to make daily profits!
Smart Trading Strategies:
Scalping: Make quick, short trades on volatile coins.Grid Trading Bot: Automate your trades and profit from price fluctuations.Low-Leverage Futures: Use x3 leverage for higher returns with minimal risk.
Potential Earnings: $10 - $30 per day.
Pro Tip: Stick to low-risk strategies and avoid over-leveraging to protect your gains.
5️⃣ Binance Referral Program – Earn While You Sleep
By inviting others to join Binance, you can earn commissions on their trades.
How to Earn:
Share your referral link on social media or crypto forums.Earn up to 40% commission on your referrals' trading fees.
Potential Earnings: $10 - $20 per day (depending on your referrals’ activity).
Pro Tip: Focus on referring active traders for bigger commissions.
🚀 Your Strategy to Earn $10 - $30 a Day 🚀
1️⃣ Start with Binance Learn & Earn → Get $5 - $30.
2️⃣ Join Binance Airdrops & Promotions → Earn $10 - $20.
3️⃣ Complete tasks in the Binance Task Center → Get $5 - $15.
4️⃣ Use smart trading strategies to grow your free crypto → Earn $10 - $30.
5️⃣ Refer friends to Binance → Earn $10 - $20.
📌 Final Thoughts
By taking advantage of Binance’s free earning opportunities, you can consistently make $10 - $30 daily without any investment. Whether it's through Learn & Earn, airdrops, trading, or referrals, smart strategies and persistence will help you build a steady income.
🔹 Start now: Explore Binance’s reward programs and grow your crypto portfolio without risking your own money! 🌟
#BinanceEarnings #Earncommissions #dailyearnings #TrumpTariffs #PassiveIncome
1️⃣ Binance Learn & Earn – Get Free Crypto by Learning
Binance has a program called Learn & Earn where you can earn free crypto just by completing educational modules and quizzes.
How It Works:
Sign up for Learn & Earn.Complete short courses and pass the quizzes.Earn free crypto worth $5 - $30!
Pro Tip: Convert your rewards into stablecoins (like USDT) or use them for low-risk strategies to keep earning.
2️⃣ Binance Task Center – Easy Tasks, Easy Rewards
The Binance Task Center lets you earn crypto by completing simple tasks.
How to Earn:
Complete easy tasks related to trading.Get vouchers or rewards from limited-time promotions.
Potential Earnings: $5 - $15 per task.
Pro Tip: Check the Task Center often for new tasks and time-sensitive promos!
3️⃣ Binance Airdrops & Promotions – Free Crypto Giveaways
Binance regularly offers airdrops and special promotions, giving you the chance to claim free crypto!
How to Participate:
Visit the Binance Promotions page.Stake or hold specific tokens to qualify for airdrops.Join Launchpool to earn new tokens for free.
Potential Earnings: $10 - $20 per event.
Pro Tip: Save your free tokens and reinvest them into trading or staking.
4️⃣ Spot & Futures Trading – Turn Free Crypto into Profits
Once you have free crypto from the above methods, you can trade it to make daily profits!
Smart Trading Strategies:
Scalping: Make quick, short trades on volatile coins.Grid Trading Bot: Automate your trades and profit from price fluctuations.Low-Leverage Futures: Use x3 leverage for higher returns with minimal risk.
Potential Earnings: $10 - $30 per day.
Pro Tip: Stick to low-risk strategies and avoid over-leveraging to protect your gains.
5️⃣ Binance Referral Program – Earn While You Sleep
By inviting others to join Binance, you can earn commissions on their trades.
How to Earn:
Share your referral link on social media or crypto forums.Earn up to 40% commission on your referrals' trading fees.
Potential Earnings: $10 - $20 per day (depending on your referrals’ activity).
Pro Tip: Focus on referring active traders for bigger commissions.
🚀 Your Strategy to Earn $10 - $30 a Day 🚀
1️⃣ Start with Binance Learn & Earn → Get $5 - $30.
2️⃣ Join Binance Airdrops & Promotions → Earn $10 - $20.
3️⃣ Complete tasks in the Binance Task Center → Get $5 - $15.
4️⃣ Use smart trading strategies to grow your free crypto → Earn $10 - $30.
5️⃣ Refer friends to Binance → Earn $10 - $20.
📌 Final Thoughts
By taking advantage of Binance’s free earning opportunities, you can consistently make $10 - $30 daily without any investment. Whether it's through Learn & Earn, airdrops, trading, or referrals, smart strategies and persistence will help you build a steady income.
🔹 Start now: Explore Binance’s reward programs and grow your crypto portfolio without risking your own money! 🌟
#BinanceEarnings #Earncommissions #dailyearnings #TrumpTariffs #PassiveIncome
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Binance Academy
--
Binance Beginner's Guide
Key Takeaways
Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.
To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.
Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.
Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.
Introduction
A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.
How to Create a Binance Account
Before you can buy your first bitcoin or BNB, you’ll need to open an account.
1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.
2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.
3. Type the 6-digit verification code you received via email or phone number and click [Next].
4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.
5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.
When you are done with the identity verification, you will be able to buy crypto through different methods.
1. Credit/debit card: the most straightforward option for new users.
2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.
Purchasing Crypto With a Credit or Debit Card
1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].
2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.
3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.
4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.
5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.
6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.
How to Trade Crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature.
1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.
With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat.
2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.
3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.
Once you’re happy with the preview, you can click [Convert] to confirm your order.
4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.
In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.
Using the Binance Spot Trading Interface
1. Find the [Trade] menu at the top and click on [Spot].
2. Next, you will find the Binance Spot trading interface.
3. On the left side, you will see the order book:
Sell orders (asks) are in red.
Buy orders (bids) are in green.
4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.
5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.
6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.
7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.
How to buy BTC with USDT
1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.
2. If you are using a limit order, define the amount and price and click [Buy BTC].
3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.
4. If BTC reaches the order price you specified, your order will be filled.
How to sell BTC for USDT
The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.
1. Choose your order type, set the amount, and click [Sell BTC].
2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.
If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.
Binance P2P
Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.
In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?
Using Binance P2P on the Binance App
1. Open the Binance App on your mobile device and tap on the [Trade] button.
2. Select P2P Trading from the available options at the top right corner.
3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.
4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.
For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.
How to Secure Your Binance Account
Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.
Use a strong password and change it regularly
This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.
The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.
Enable the Binance Anti-Phishing Code
When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.
This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.
For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.
Closing Thoughts
Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.
Further Reading
Your Guide to Binance Spot Trading
What Is Binance P2P and How to Use It?
Your Guide to Binance Copy Trading
Secure Your Binance Account in 7 Simple Steps
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.
To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.
Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.
Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.
Introduction
A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.
How to Create a Binance Account
Before you can buy your first bitcoin or BNB, you’ll need to open an account.
1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.
2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.
3. Type the 6-digit verification code you received via email or phone number and click [Next].
4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.
5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.
When you are done with the identity verification, you will be able to buy crypto through different methods.
1. Credit/debit card: the most straightforward option for new users.
2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.
Purchasing Crypto With a Credit or Debit Card
1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].
2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.
3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.
4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.
5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.
6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.
How to Trade Crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature.
1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.
With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat.
2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.
3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.
Once you’re happy with the preview, you can click [Convert] to confirm your order.
4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.
In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.
Using the Binance Spot Trading Interface
1. Find the [Trade] menu at the top and click on [Spot].
2. Next, you will find the Binance Spot trading interface.
3. On the left side, you will see the order book:
Sell orders (asks) are in red.
Buy orders (bids) are in green.
4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.
5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.
6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.
7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.
How to buy BTC with USDT
1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.
2. If you are using a limit order, define the amount and price and click [Buy BTC].
3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.
4. If BTC reaches the order price you specified, your order will be filled.
How to sell BTC for USDT
The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.
1. Choose your order type, set the amount, and click [Sell BTC].
2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.
If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.
Binance P2P
Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.
In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?
Using Binance P2P on the Binance App
1. Open the Binance App on your mobile device and tap on the [Trade] button.
2. Select P2P Trading from the available options at the top right corner.
3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.
4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.
For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.
How to Secure Your Binance Account
Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.
Use a strong password and change it regularly
This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.
The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.
Enable the Binance Anti-Phishing Code
When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.
This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.
For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.
Closing Thoughts
Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.
Further Reading
Your Guide to Binance Spot Trading
What Is Binance P2P and How to Use It?
Your Guide to Binance Copy Trading
Secure Your Binance Account in 7 Simple Steps
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Hi mam
How to earn $18 to $20 daily on binance without any investment
Earning $18 to $20 daily on Binance without investment is possible using a combination of referral commissions, P2P trading, and Binance promotions. Here are the best strategies to achieve this goal:
1. Binance Referral Program (Easiest Passive Income)
How it works: Binance pays you up to 40% commission on the trading fees of users who sign up through your referral link.
Potential earnings:
If 5–10 people trade actively, you can earn $18–$20 daily from their fees.
How to get referrals:
Promote your referral link on YouTube, TikTok, Telegram, Facebook, Reddit, and crypto forums.
Offer trading tips or create simple Binance tutorials to attract signups.
2. Binance P2P Trading (Quick Daily Profits)
How it works: Buy USDT at a lower price from external platforms and sell it at a higher price on Binance P2P.
Example:
Buy $500 worth of USDT at $1.00.
Sell at $1.02 to make a $10 profit per trade.
Repeat the process twice a day to reach $18–$20 daily.
3. Binance Airdrops & Promotions (Free Crypto Rewards)
Binance frequently gives away free tokens through airdrops and trading promotions.
Convert these rewards into USDT and trade or withdraw profits.
Some airdrops reward $10–$50, which can boost your daily earnings.
4. Binance Learn & Earn (Easy Rewards)
Binance has a Learn & Earn program where you watch videos, complete quizzes, and get rewarded in free crypto.
This can bring in $5–$20 per session.
You can then trade or cash out the rewards.
5. Completing Crypto Microtasks & Bounties
Earn free crypto by:
Promoting blockchain projects on social media.
Testing new crypto apps and giving feedback.
Writing reviews or articles about crypto projects.
Convert these rewards into USDT and reinvest to grow your balance.
Best Strategy to Earn $18–$20 Daily:
✔ Daily: Share Binance referral links for passive commissions.
✔ Daily: Use P2P trading for quick, low-risk profits.
✔ Daily: Participate in Binance airdrops, promotions, and Learn & Earn.
✔ Weekly: Complete crypto microtasks to add extra income.
Would you like a step-by-step guide on any specific method?
#Binance #bitcoin #BitcoinDunyamiz #BNBChainMeme #USTariffs
1. Binance Referral Program (Easiest Passive Income)
How it works: Binance pays you up to 40% commission on the trading fees of users who sign up through your referral link.
Potential earnings:
If 5–10 people trade actively, you can earn $18–$20 daily from their fees.
How to get referrals:
Promote your referral link on YouTube, TikTok, Telegram, Facebook, Reddit, and crypto forums.
Offer trading tips or create simple Binance tutorials to attract signups.
2. Binance P2P Trading (Quick Daily Profits)
How it works: Buy USDT at a lower price from external platforms and sell it at a higher price on Binance P2P.
Example:
Buy $500 worth of USDT at $1.00.
Sell at $1.02 to make a $10 profit per trade.
Repeat the process twice a day to reach $18–$20 daily.
3. Binance Airdrops & Promotions (Free Crypto Rewards)
Binance frequently gives away free tokens through airdrops and trading promotions.
Convert these rewards into USDT and trade or withdraw profits.
Some airdrops reward $10–$50, which can boost your daily earnings.
4. Binance Learn & Earn (Easy Rewards)
Binance has a Learn & Earn program where you watch videos, complete quizzes, and get rewarded in free crypto.
This can bring in $5–$20 per session.
You can then trade or cash out the rewards.
5. Completing Crypto Microtasks & Bounties
Earn free crypto by:
Promoting blockchain projects on social media.
Testing new crypto apps and giving feedback.
Writing reviews or articles about crypto projects.
Convert these rewards into USDT and reinvest to grow your balance.
Best Strategy to Earn $18–$20 Daily:
✔ Daily: Share Binance referral links for passive commissions.
✔ Daily: Use P2P trading for quick, low-risk profits.
✔ Daily: Participate in Binance airdrops, promotions, and Learn & Earn.
✔ Weekly: Complete crypto microtasks to add extra income.
Would you like a step-by-step guide on any specific method?
#Binance #bitcoin #BitcoinDunyamiz #BNBChainMeme #USTariffs
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