Making money on Binance can be approached in various ways. Here are some strategies you might consider: 👇🏽
Spot Trading: Buy and sell cryptocurrencies directly on Binance to capitalize on price fluctuations. You can explore over 600 crypto pairs that's available for trading.
Binance Earn: Simple Earn: Earn rewards by staking your idle digital assets. Binance offers various products with different annual percentage rates (APRs) for flexible and fixed investments.
High Yield: Stake $BNB , $ETH , $BTC , and other assets to receive newly released tokens.
Auto-Invest: Automatically compound your earnings by subscribing to auto-compounding products.
Mining: Participate in mining activities on Binance to earn additional rewards.
Staking: Stake specific cryptocurrencies to earn rewards. Binance supports staking for various coins.
Startup Investments: Explore new projects and invest early through Binance Launchpool.
Cryptocurrency Loans: Lend your crypto assets to earn interest or borrow against them.
Affiliate Program: Refer others to Binance and earn commissions when they trade.
Remember that all investments carry risks, so it’s essential to do your research and understand the market before making any decisions. Happy investing! 🚀💰
Margin trading let's you borrow money from Binance. Keep in mind the less leverage you set, the less tension it gives you. Keep auto repay on so it instantly repays the debt, otherwise hourly interest will be bothersome.
Trade on Spot as there's very little chance of losing your asset unless the selling price is lower than the buying price. So, make sure you do research on the crypto you're about to invest. Binance provides info and trading data when you click on the crypto token.
Margin and Futures are for pros and rich totally, 'cause there's higher risk of liquidation. So, stick to spot trading until you gain some experience to go beyond that.