There are several ways you can make money on Binance, but you should be careful and understand the risks associated with each method. Here are some ways you can make money on Binance:
1. Referral Programs
Explanation: Binance offers a referral program that allows you to earn commissions when people sign up using your referral link. When your referred people trade cryptocurrencies on the platform, you get a portion of the fees they pay. How to get started: Sign up for your Binance account. Use your referral link to share the platform with others. Whenever your referred person trades, you earn a commission from the fees they pay.
2. Binance Earn Rewards (Earning from Savings)
Explanation: Binance offers a range of investment options such as Binance Earn, where you can deposit cryptocurrencies into accounts that provide you with fixed or variable returns. This includes regular savings, locked savings, and lending. How to get started: Log in to your account. Go to “Earn” and choose one of the saving methods. Deposit your cryptocurrencies into products that offer returns. Check the profits you get over time.