Making money on Binance with $10 as a beginner is possible, but it requires patience and prudent strategies to avoid unnecessary risks. Here are some ideas:
1. Staking or Flexible Savings (Low difficulty, low risk)
Binance offers options for staking and flexible savings where you deposit your $10 and earn daily interest.
Steps:
1. Go to Binance Earn.
2. Look for coins with decent returns and low risks (like USDT, BUSD, or solid cryptos like BTC or ETH).
3. Sign up for a flexible product (you can withdraw whenever you want) or a locked one (the longer the term, the higher the interest).
Example: If you use USDT in flexible savings at 3% annual, you will earn small amounts daily without doing anything.
2. Basic Spot Trading (Learn to buy low and sell high)
Spot trading is where you buy cryptocurrencies directly (without leverage) and sell them when the price goes up.
Strategy for beginners:
1. Choose well-known and liquid cryptos, like BTC, ETH, or BNB.
2. Buy when the price drops (using basic analysis or price alerts).
3. Sell when the price rises by 2%-5% (small accumulated gains add up).
Tip: Use the TradingView charting tool on Binance to identify trends.
3. Participate in Launchpads and Launchpools
Binance often has new projects on its Launchpads or Launchpools.
You can use your $10 to farm new cryptocurrencies by participating in these platforms.
Example: Staking BNB or USDT in a Launchpool can give you tokens from new projects with good earning potential.
4. Complete Missions and Promotions from Binance
Binance frequently offers promotions for new and existing users, such as:
Welcome missions: Learn about cryptos and earn small amounts.
Referral rewards: Invite friends and earn commissions from their trades.
