To earn 10 USD each day with approximately 100 USD on Binance, you need to choose high-yield strategies and trade regularly. Here are some feasible ways you can achieve this goal each day.
1. Spot Trading: Scalping
Scalping is a short-term trading strategy, often used to profit from small but continuous price fluctuations. This is the most common and accessible method with a capital of 100 USD.
How to do it:
• Choose trading pairs with high liquidity: For example, BTC/USDT, ETH/USDT, or BNB/USDT. These pairs have stable price fluctuations and high trading volumes.
• Small target profits: For each trade, you can aim for a profit of about 1-2% each time. With 100 USD, you only need to achieve 1% profit per trade to earn 1 USD. To earn 10 USD each day, you need to execute about 10 trades in a day with small profits of 1-2%.
• Optimize the number of trades: You can use strategies like stop loss and take profit to minimize risk and protect profits.
For example:
• If you make 10 trades/day, each trade earning approximately 1 USD (1% on 100 USD), you will be able to achieve 10 USD/day.
Note:
• Transaction fees: Don’t forget that every transaction comes with fees, and these fees can eat into your profits. Be mindful to ensure that your profits are large enough to offset the transaction fees.
2. Futures Trading
Using futures contracts allows you to increase profits through leverage, although it comes with higher risks, if done correctly, you can certainly earn 10 USD each day.
How to do it:
• Use low leverage (3x-5x): For 100 USD capital, you can use leverage from 3x to 5x, which helps increase profits while still limiting risk.
• Look for clear trends: Research the market, look for trading signals in clear price trends (e.g., breakout or pullback).
• Short-term trading: Similar to scalping, you can apply day trading strategies with futures contracts, taking advantage of intraday price fluctuations.
For example:
• With 5x leverage and a profit of 2% per trade, you can earn 10 USD if you make a profitable trade of 2% with a capital of 100 USD.
• However, be aware that if you make mistakes in your predictions, you can also lose a significant portion or all of your capital, so manage your risk.
3. Binance Earn: Flexible Savings and Staking
Although this is a passive method and does not require frequent trading, it can still help you earn stable money every day if you choose the right assets.
How to do it:
• Flexible Savings: Deposit USDT or BUSD into Binance's Flexible Savings program and earn daily interest. Although the daily interest rate is quite low (usually ranging from 0.02% to 0.05% per day), if you have a large amount of assets and invest in stablecoins (such as USDT, BUSD), you can earn stable interest.
• Staking: Choose coins with high staking interest rates (e.g., BNB, SOL, ADA). You can earn daily interest from staking rewards.
For example:
• Deposit 100 USD into Flexible Savings with a daily interest rate of 0.05%: You will receive approximately 0.05% x 100 USD = 0.05 USD/day. To earn 10 USD/day, you need to have at least about 20,000 USD in your Savings account. So, this method is unlikely to achieve the goal of 10 USD/day if you only have 100 USD.
4. Referral Program
You can earn additional income from Binance's Referral Program by inviting friends to join and trade on this platform.
How to do it:
• Invite friends: Share your referral link with friends or family, when they register and make transactions, you will earn a commission from their trading fees.
• The Referral Program can help you earn several USD each day, especially if you are able to invite many people to join Binance.
For example:
• If you can refer 10 friends, each trading $200/day, you can earn commission from their trading fees, potentially up to $1-2/person/day, making it easier to reach your goal of 10 USD/day.
5. Participate in events and promotions on Binance
Binance frequently hosts trading events or free coin airdrops. This is an opportunity for you to earn additional profits without needing to invest more capital.
How to do it:
• Participate in airdrop programs: You can receive free coins from newly listed projects on Binance.
• Participate in trading competitions: Binance also organizes trading competitions with attractive prizes, allowing you to earn additional income without incurring too much cost.
Conclusion
With 100 USD, earning 10 USD each day is completely feasible if you choose the right method. However, it is important that you manage risk and be patient. Strategies like scalping in Spot trading, trading Futures with small leverage, or participating in the Referral Program and Binance's promotional programs can help you achieve this goal if done correctly.
Start with small steps, track the results, and gradually improve your strategy to achieve stable income every day.
