Earning $10 daily on Binance without trading is possible through alternative strategies that involve leveraging Binance's ecosystem. Here are some approaches you can consider:
1. Staking
Description: Stake your cryptocurrency holdings in Binance's staking programs to earn rewards in the form of interest.
How: Go to the Earn section on Binance and choose between locked staking, DeFi staking, or flexible staking.
Returns: Annual Percentage Yields (APY) can range from 2% to over 20%, depending on the asset.
Example: If you stake $5,000 in a token with a 7.3% APY, you could earn about $10 per day.
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2. Launchpool
Description: Participate in Binance Launchpool to earn new tokens by staking Binance Coin (BNB) or other supported tokens.
How: Access Launchpool in the Earn section and allocate your BNB, BUSD, or other tokens.
Returns: Daily rewards vary based on your contribution and the pool's total size.
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3. Savings
Description: Earn passive income by depositing your funds in Binance's Flexible or Locked Savings.
How: Go to Binance Earn → Savings and choose a product that suits your needs.
Returns: Flexible savings typically have lower APYs, while locked savings offer higher rates.
Example: Locking stablecoins like USDT or BUSD could give steady, predictable returns.
Some best coins to invest in
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4. Liquidity Farming
Description: Provide liquidity to Binance's liquidity pools to earn rewards from transaction fees and farming incentives.
How: Visit Binance Liquid Swap and add your funds to liquidity pools.
Risks: Be aware of impermanent loss.
Returns: Pools with high trading activity generally yield higher rewards.
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5. Affiliate Program
Description: Refer new users to Binance and earn a commission on their trades or earnings.
How: Share your referral link and promote it online.
Potential: Active promotion can generate consistent passive income.
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6. Binance Card Cashback
Description: Use the Binance Visa Card to make purchases and earn up to 8% cashback in crypto.
How: Spend on everyday needs with your Binance card.
Returns: Cashback depends on your BNB holdings and spending.
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7. NFT Lending or Marketplace
Description: Participate in Binance NFT Marketplace by lending NFTs or selling unique items.
How: Mint or trade NFTs, or lend assets in NFT DeFi pools.
Potential: Earnings vary based on demand and your assets' value.
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8. Binance Pay and Earn Rewards
Description: Earn rewards by using Binance Pay for payments or by participating in promotional campaigns.
How: Check the Binance app for ongoing reward events.
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Final Tips:
Capital Requirements: You may need significant capital (e.g., $1,000–$5,000) to consistently earn $10 daily.
