How to Earn $1–$20 Daily on Binance as a Beginner – A Comprehensive Guide
If you’re new to Binance and want to earn a steady income, here’s a guide to help you make between $1 and $20 daily using various strategies. Start small, minimize risks, and gradually increase your earnings!
Strategy 1: Binance Staking for Passive Income
1. Create a Binance account and complete the KYC verification.
2. Deposit funds like USDT or BUSD into your wallet.
3. Navigate to the “Staking” section and choose a staking option (e.g., BNB, ADA).
4. Lock your funds for a specific period (e.g., 30 days).
5. Earn passive rewards with an APY of 1-5%. Potential daily earnings: $1–$5.
Strategy 2: Binance Savings for Flexible Income
1. Deposit funds (e.g., USDT or BUSD) into your Binance wallet.
2. Go to the “Savings” section and select a suitable savings product.
3. Earn daily interest on your deposits with returns between 1-10% APY. Expected daily income: $0.50–$2.
Strategy 3: Active Trading (Spot or Margin)
1. Learn basic trading strategies, like scalping and day trading.
2. Start with small trade amounts (e.g., $10-$50) to manage risk.
3. Use technical analysis and monitor key market indicators.
4. Set stop-loss and take-profit levels to protect against losses and secure gains. Possible daily profits: $5–$20 (depending on your trading skill).
Strategy 4: Binance Affiliate Program for Referral Earnings
1. Sign up for the Binance Affiliate Program.
2. Share your unique referral links on social media or your website.
3. Earn up to 50% commission on trading fees from your referrals. Daily earning potential: $1–$10 (based on referral activity).
Strategy 5: Binance Launchpad for Token Investments
1. Get involved in token sales through Binance Launchpad.
2. Invest in promising projects with growth potential.
3. Profit as token values rise over time. Earnings range: $5–$20 (depending on project success).
Essential Tips for Beginners:
1. Educate yourself about trading, staking, and market basics.
2. Start small to manage risk, and gradually increase your investments.
3. Diversify your portfolio to minimize potential losses.
4. Stay updated on market trends and adjust your strategies accordingly.
5. Follow Binance’s latest announcements and updates.
Note: Crypto markets can be volatile, and earnings may vary. Prioritize risk management, and only invest what you can afford to lose.