Although launched in 2017, long after some of its top competitors, Binance has become a goliath in the crypto exchange business. The Binance exchange is now the largest in the world by trading volume, nearly quadrupling the 24-hour trading volume of its nearest competitor. Trading isn’t the only way to make money on an exchange. This guide will review the best ways to earn crypto on Binance.
The Binance exchange offers much more than crypto trading. The platform also serves as a launchpad for new tokens and a hub for staking cryptocurrencies. Binance even has its own crypto debit card, allowing users to spend crypto like cash and earn crypto rewards. Let’s dig in and learn the best ways to build your stack on Binance.
1) Spot Trading $BTC
You have two options for spot trading on Binance. The exchange’s newbie-friendly Instant Buys offers a simple point-and-click interface to buy, sell, and swap cryptocurrencies. While other platforms offer a similar option, Binance makes simple trades more affordable with lower fees and smaller spreads by comparison.
Alternatively, you can also access advanced trading on Binance. Advanced Trade brings some of the lowest trading fees you’ll find anywhere. Advanced trading lets you set limit orders and automatic stop-loss or take-profit orders in addition to market orders that execute immediately.
Fees for Binance Advanced Trade are just 0.1% for both maker (limit) orders and taker (market) orders. Binance also offers an additional discount for USDC pairs and fees paid with BNB.
2) Futures Trading
Futures trades give you the ability to bet on the future price direction of crypto assets. Binance provides two primary ways to trade futures: expiry futures and perpetual futures.
Expiry futures center on a settlement date. Depending on the type of futures contract you purchase, the trade settles in cryptocurrency or USDT.
However, Binance also offers perpetual futures contracts that settle in USDT, USDC, or cryptocurrency. Unlike expiry futures contracts, perpetual futures don’t expire, and you can keep the trade open indefinitely. In short, there’s no cap on your earning potential like with expiry futures. Futures trades support leverage of up to 50x for some trading pairs. More on leverage trading in just a bit.
3) Options Trading $ETH
As the name suggests, options trading gives you the option to buy or sell at a certain price. Binance offers options trading for five key cryptocurrencies, including BTC, ETH, and XRP.
Options trading is best suited for advanced traders. However, Binance now offers beginner-friendly Easy Options. Choose the direction and price with just a few clicks to buy call or put options.
3) Trading Bots
What if you could automate your trading? Binance provides tools to put your trades on autopilot with trading bots. For example, if you want to dollar-cost average when buying BTC, you can use a bot to build your position over time and tame the market’s ups and downs.
However, Binance offers much more advanced trading bots, allowing you to trade within a range or according to technical buy/sell indicators. Choose from bullish or bearish bots or grid bots that trade within a specified range. Binance even offers an arbitrage bot that automatically makes trades based on funding fee divergences for futures trades.
5) Copy Trading
You don’t need to be a trading guru to make profitable trades on Binance. The platform offers Copy Trading, which lets you follow the moves of successful traders. This option comes with a cost. You’ll share 10% of your profits with Lead Traders. However, you keep the other 90% and benefit from following seasoned traders.
Copy trading lets you learn the ropes while minimizing the mistakes often made by newer traders. Study each move to build strategies you can use on your own later.
6) Leverage Trading
Trading with leverage refers to borrowing against your assets to take larger market positions. For example, you can use $100 in margin (collateral) to make a $500 trade using 5x leverage. Binance offers leverage in many of its trading options, including spot trades and futures trades, allowing you to maximize your earning potential for each trade. The choice of cross-margin (all assets) and isolated margin gives you the freedom to choose which assets to use to leverage your trades.
7) Binance Convert
Instantly convert supported cryptocurrencies from crypto A to crypto B. Binance Convert supports limit and market orders to make swaps a snap. Watch for promotions like the recently concluded $12,000 USDC giveaway. Binance Convert provides a guaranteed market price for your trade with no additional fees. This powerful tool also supports all cryptocurrencies on the platform, simplifying trades between assets that don’t share a trading pair.
8) Peer-to-Peer (P2P) Trading
Peer-to-peer trading lets crypto traders transact with each other directly rather than using Binance as an intermediary. This decentralized exchange option offers more privacy and may allow you to use additional payment methods not supported by Binance itself. Over 800 payment options are available.
Many traders use P2P to fund their trading account with USDT, although you’ll also find options to buy BTC, ETH, and even SHIB. A user rating system and completed transaction stats help keep P2P trades safer.
How to Earn with Savings and Staking on Binance 
Binance has simplified its yield products, grouping most of what you’ll need under the Binance Earn tab. Enjoy higher yields with longer commitments or the freedom to exit the product as needed.
9) Staking
You’ll find the option to stake ETH tucked away under the Earn tab. The best way to find staking options is to drill down by asset type. Binance makes staking a simple and affordable way to earn a yield on ETH, and you can stake any amount, giving investors of all sizes an easy way to grow their holdings.
10) Savings
Binance also offers savings products that pay a yield. In the background, the process works much like a bank. People deposit money into savings products, and Binance uses these funds to make loans to leverage traders. Tight management of leverage amounts and margins helps ensure the safety of deposits.
11) Dual Investment
Binance’s dual investment strategy provides a simple way to profit from the divergence in price for paired assets. Toggle on the beginner guide for a simplified view. Dual investment offers an easy way to bet on future prices without the complexity and risks of futures trading.
How to Earn with DeFi on Binance
Decentralized finance (DeFi) is expected to grow to more than $37 million worldwide by 2028. Binance also offers ways to earn through DeFi protocols. In some cases, you’re moving off the platform.
12) BNB Staking
Binance launched the BNB token in 2017, creating a new blockchain capable of running Ethereum Virtual Machine (EVM) apps. The network has evolved over the years and is now called the BNB Smart Chain (BSC). Much like Ethereum, BSC uses proof of stake to validate transactions. You can buy BNB on Binance and then stake BNB on-chain to earn up to 5.27%.
13) Binance Web3 Wallet
Binance also offers a web3 wallet to navigate the world of decentralized applications (dApps) easily. Swap or provide liquidity on PancakeSwap or Uniswap. Lend or borrow on Venus, or explore countless yield opportunities on Beefy Finance, and it’s all a click or two away with Binance Web3 Wallet. The web3 wallet supports more than 70 chains in total, including Ethereum, BNB, and even Bitcoin.
14) Binance DeFi Staking
Look no further than Binance’s Earn tab to find DeFi staking opportunities. Options range from staking to secure proof-of-stake networks to staking in decentralized protocol smart contracts to earn a yield. Options vary depending on the token you choose and the duration of your commitment.
15) DeFi Yield Farming
The Earn tab on Binance also hosts DeFi yield opportunities to earn crypto on Binance. These selections aren’t always clearly labeled as DeFi, but many of the highest yields come through yield-farming protocols. The big advantage is that you don’t need to find and vet the opportunities yourself, and you don’t need a self-custody crypto wallet to access the dApps. Binance does the legwork.
More Ways to Earn Crypto With Binance $BNB
16) Binance Debit Card
The Binance Card pays crypto cashback rewards for day-to-day purchases. Reward amounts vary based on BNB holdings. The card supports 14 cryptocurrencies, allowing you to swap assets to your local currency on the fly to make purchases. The Binance Card is available in more than 30 countries worldwide, with more coming soon.
17) Megadrop (Airdrops)
Lock your BNB on Binance to earn free airdrops. The process involves two simple steps. Lock your BNB in Simple Earn. Then, complete web3 quests found on the Megadrop page using the Binance Web3 Wallet. This step boosts your rewards. Binance then sends you airdrop tokens based on your Megadrop score.
18) Binance Launchpad (Launch Pools)
Many of Binance’s earning opportunities center on locking BNB tokens. Launchpad, Binance’s token launch platform, follows a similar strategy, requiring users to lock BNB or FDUSD to earn tokens for new project launches. Watch the Binance Launchpad page for new opportunities. Recent launches include IO, NOT, REZ, and OMNI. SEI was also launched through Binance launch pools.
19) Crypto Mining
If you want to try your hand at crypto mining, you can join a Binance mining pool. Ten coins are supported, including Bitcoin, Ethereum Classic, and merge-mining for Litecoin and Dogecoin. You’ll also find options for CPU-minable coins like Ravencoin. Binance provides tutorials to help you get started with each coin, and you can keep tabs on your earnings through the mining dashboard.
20) Cloud Mining
Let’s face it: we don’t all own specialized mining hardware, and most of us don’t want to deal with the noise and heat issues associated with mining. Enter Binance Cloud Mining. With cloud mining, you purchase hash rates from leading cloud mining providers and collect mining rewards in your funding wallet. You choose the amount you want to spend in USDT and the duration of mining. This allows you to assess your profitability without any long-term commitments.
21) Referral Program
You can also earn crypto on Binance by referring your friends. Earn up to 40% commission on trading fees for your referrals that sign up for and trade on Binance. Choose from Lite Referral (free Bitcoin) or standard referral, which earns a percentage of trading fees. To be eligible for referral bonuses, the referred user must complete Kow Your Customer (KYC) identification verification.
Binance Academy Learn & Earn
Earn free cryptocurrency by learning about new crypto projects. Be among the first to own tokens for new launch projects that want to boost awareness. Recent rewards programs include projects like PowerPool (CVP), DODO, Nervos (CKB), and Portal (PORTAL). However, the Learn & Earn portal also offers a wealth of information about established blockchains like Bitcoin or Solana and advanced trading topics like futures trading. Keep an eye out for new earning opportunities.
Conclusion
Binance offers trading for more than 350 cryptocurrencies, including spot trades, futures markets, and options. However, trading is just one way to earn on Binance. The full-featured platform also offers yield opportunities, web3 connectivity, learning rewards, airdrops, and much more. This wide selection of options offers something for nearly any trader and allows you to diversify your crypto income with one platform. Binance is also known for its affordable fee structure, letting you keep more of what you earn.
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