Let's take a look at each of the various ways one can make passive income on Binance with little or no stress.
Binance Earn allows users to make money without requiring much time, effort, and in-depth knowledge. This method of passive income opportunity allows users to profit from not only HODLing but also growing it. Let’s take a look at each of the possible ways.
Flexible Savings. This method involves receiving interest rewards just for keeping your idle funds in a wallet. If the user suddenly changes their mind, they can withdraw the deposit at any time.
Locked Savings. This method is similar to Flexible Savings but differs by offering a higher interest rate and limited access to the frozen assets. In this case, the funds are locked for a specific period of time, usually from 7 to 90 days, during which the funds will not be made available for use.
Activities. These are events and offers that are valid for a limited period of time. They are often more profitable than holding locked savings, but require users to keep an eye out for them so as not to miss the opportunity.
Locked Staking. This method is similar to Locked Savings, but offers rewards in exchange for staking crypto. Staking some coins gives more flexibility in managing staked crypto, as Locked Staking releases user funds after 48-72 hours.
Launchpool. This is a platform for mining new tokens that are launched on the exchange. Users can send their funds to the pool to mine a new token, thus financing their launch. The invested assets are locked, but users do not lose control of them and can withdraw them at any time.
Dual investment. This method allows users to be exposed to two currencies, in exchange for a significantly higher yield in a short amount of time. Users have the flexibility to choose desired strike price, APY, and deposit duration. The return will be in one currency or another, depending on the conditions.
Binance Liquid Swap. This tool gives users the opportunity to become an Automated Market Maker (AMM) by depositing tokens, thus providing liquidity, and receiving interest on the exchange of the tokens.
BNB Vault. A safe and hassle-free tool for users who do not want to get into any of the complexities of figuring out crypto asset strategies. This aggregator combines all the methods described above to generate income.
Study these various opportunities and see which of them you can comfortably benefit from, especially if you are new in the Binance space.
