Ways to Earn Passive Income on Binance in 2024
In 2024, there are many ways to earn passive income on Binance, including:
1. Staking: This is one of the most popular methods. When staking, you lock up crypto assets to help secure the blockchain network and get rewarded with new tokens. Binance supports staking for many coins such as Ethereum 2.0, Cardano, and others.
2. Savings: Binance offers savings accounts, which allow you to earn interest on your crypto holdings. You can choose between flexible savings, which allow for easy withdrawals, and fixed savings, which offer higher interest rates but lock funds for a certain period of time.
3. Binance Earn: A comprehensive suite of financial products, allowing users to earn interest on their assets through various products such as fixed and flexible savings, as well as staking.
4. Referral Program: Earn commissions by referring new users to Binance. When they make a trade, you can earn a percentage of the trading fees.
5. Yield Farming: Investing in DeFi protocols through Binance can yield high returns through providing liquidity.
By taking advantage of these methods, you can effectively grow your crypto assets without investing too much time.
