To earn 10 USD every day with about 100 USD on Binance, you need to choose high-return strategies and trade regularly. Here are some feasible ways for you to achieve this goal daily.
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 popular and accessible way with a capital of 100 USD.
How to implement:
• 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 profit: For each trade you can aim for a profit of about 1-2% per trade. With 100 USD, you only need to achieve 1% profit per trade to earn 1 USD. To earn 10 USD every day, you need to make about 10 trades in a day with small profits of 1-2%.
• Optimize the number of trades: You can use strategies such as stop loss and take profit to minimize risks and protect profits.
For example:
• If you make 10 trades/day, earning about 1 USD per trade (1% on 100 USD), you will be able to achieve 10 USD/day.
Note:
• Transaction fees: Don't forget that each transaction has fees, and these fees can reduce your profits. Be mindful to ensure that your profits are large enough to cover the transaction fees.
2. Futures Trading
Using Futures contracts helps you increase profits through leverage, although it carries higher risks, if done correctly, you can definitely earn 10 USD every day.
How to implement:
• Use low leverage (3x-5x): For a capital of 100 USD, you can use leverage from 3x to 5x, helping to increase profits while limiting risks.
• Find 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 price fluctuations during the day.
For example:
• With 5x leverage and a profit of 2% on each trade, you can earn 10 USD if you make a trade with a profit of 2% with a capital of 100 USD.
• However, note that if you make a mistake in prediction, you can also lose a significant part or all of your capital, so manage your risks.
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 implement:
• 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 from 0.02%-0.05%/day), if you have a large amount of assets and invest in stablecoins (like 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 at least about 20,000 USD in your Savings account. Therefore, this method is less likely 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 implement:
• Invite friends: Share your referral link with friends or family, when they register and trade, you will earn a commission from their trading fees.
• The Referral Program can help you earn a few USD every day, especially if you can invite many people to join Binance.
For example:
• If you refer 10 friends, each trading $200/day, you can earn commissions from their trading fees, which could be up to $1-2/person/day, helping you easily achieve the goal of 10 USD/day.
5. Participate in events and promotions on Binance
Binance frequently organizes trading events or airdrop free coins. This is an opportunity for you to earn additional profits without needing to invest more capital.
How to implement:
• Participate in airdrop programs: You can receive free coins from new projects listed on Binance.
• Participate in trading competitions: Binance also hosts trading competitions with attractive prizes, allowing you to earn additional income without incurring too much cost.
Conclusion
With 100 USD, earning 10 USD every day is entirely feasible if you choose the right method. However, it is important to manage risks and be patient. Strategies like scalping in Spot trading, trading Futures with small leverage, or participating in the Referral Program and Binance's promotions can help you achieve this goal if done correctly.
Start with small steps, track results, and gradually improve your strategy to achieve stable daily income.
