To earn money on Binance, you need to clearly understand trading and investment methods, while applying strategies that fit your capital and experience. Here are ways to earn $10-100 each day in a practical and sustainable manner.
1. Spot Trading (Buy Low, Sell High)
Method:
• Buy coins with potential when prices drop and sell when prices rise.
• Example: You buy BTC when the price is $30,000 and sell when the price rises to $31,000.
How to do it:
• Market analysis: Use price charts, technical analysis like RSI, MACD, moving averages.
• Capital management: Only invest money you can afford to lose. Never use all your capital in one trade.
• Strategy: Start with high liquidity coins like BTC, ETH, BNB.
Risk:
• Prices may drop sharply if the market is volatile.
• Emotion can be easily influenced if there is no clear plan.
2. Trade Futures (Futures Contracts)
Method:
• Place buy or sell orders for futures contracts and use leverage to increase profits.
How to do it:
• Deep market analysis: Study charts, support, and resistance.
• Risk management: Set stop-loss orders and do not use excessive leverage (maximum 5x for beginners).
• Strategy: Trade in short time frames, only when you have time to monitor continuously.
Risk:
• Lose the entire margin amount if the market goes against your prediction.
3. Staking (Cryptocurrency Savings)
Method:
• Lock cryptocurrency in Binance Earn to receive annual interest.
How to do it:
• Choose staking packages: Select coins like BNB, ETH, or USDT to stake with fixed interest rates.
• Flexible terms: Flexible staking allows withdrawals at any time, while fixed staking has higher interest rates but requires locking funds for a certain period.
Risk:
• The value of the coin may drop significantly, reducing your total asset value.
4. Participate in Launchpad (Invest in New Tokens)
Method:
• Participate in new token launch events on Binance Launchpad to buy tokens at low prices before they are publicly listed.
How to do it:
• Accumulate BNB: You need to hold BNB in your account to participate.
• Read project information: Research projects before deciding to invest.
• Participate on time: Events often occur within a short time and require you to monitor notifications from Binance.
Risk:
• If the project fails, the token price may drop immediately after listing.
5. Join Affiliate (Referral Program)
Method:
• Refer friends to join Binance and earn commissions from their trades.
How to do it:
• Register for the program: Join Binance's Affiliate program.
• Share link: Share referral link through your personal media channels or website/blog.
• Provide valuable content: If you excel at creating investment guides, you can generate significant passive income.
Risk:
• Income depends on the activity level of the referred person.
Important Advice When Trading on Binance
1. Capital Management: Only use 5-10% of idle funds for initial investment.
2. Do Not Borrow: Do not borrow money for trading or investing.
3. Continuous Learning: Research materials about cryptocurrencies, trading, and technical analysis.
4. Do Not Be Emotional: Make decisions based on data and analysis rather than emotions.
5. Account Security: Activate 2-factor authentication (2FA) and keep your login information safe.
In summary:
$BTC
• Earning $10-100 each day on Binance is entirely feasible if you have the right strategy and are willing to learn. However, there is no way to guarantee fixed profits. Investment always comes with risks, so you need to prepare mentally, manage capital tightly, and stay updated on market information.