An amount of $100 may seem small, but with the right approach, it can be turned into starting capital for earning on the Binance cryptocurrency exchange. Below is a step-by-step method that combines simplicity and effectiveness.
🔰 Strategy: spot trading + staking
This strategy is suitable for beginners as it involves moderate risks and allows earning both from cryptocurrency growth and interest.
Step 1: Allocate capital
Your $100 should be divided into two parts:
• 70% ($70) — for purchasing promising cryptocurrencies on the spot market.
• 30% ($30) — for fixed or flexible staking.
Step 2: Choosing cryptocurrencies to buy
1. Major assets ('blue chips'):
• $BTC (Bitcoin): The main asset of the market.
• $ETH (Ethereum): A popular choice for long-term growth.
• $BNB (Binance Token): Continually grows due to the exchange's popularity.
2. Promising altcoins:
• #SOL (Solana): Popular due to its fast and inexpensive network.
• #MATIC (Polygon): A solution for Ethereum scaling.
Example:
• Buy ETH for $35 at a price of $1,850. If it rises to $2,000, your profit will be $2.84 (8.1%).
• Buy SOL for $35 at a price of $20. If it rises to $25, you will receive $8.75 (25%).
Step 3: Investing in staking
Invest the remaining $30 in fixed or flexible staking through Binance Earn.
1. Flexible staking:
• Choose a stablecoin (e.g., USDT or BUSD).
• Yield: about 3-5% per annum.
• Example:
After a month at a yield of 5%, you will receive about $0.125 in profit.
2. Fixed staking:
• Lock assets for 30-90 days for increased yield.
• Example:
With a 6% annual interest rate on $30 over 90 days, your profit will be $0.45.
Step 4: Tracking and reinvesting
1. Regularly check the market and secure profits when reaching your goal (e.g., 10-15% growth).
2. Reinvest the profit into new assets or add it to staking.
Example profit for 1 month:
• Asset growth:
• ETH increased by 10%, profit amounted to $3.50.
• SOL increased by 20%, profit amounted to $7.00.
• Total profit from trading: $10.50.
• Staking:
• Flexible staking brought $0.125.
• Fixed staking brought $0.45.
Total: In a month, your $100 turned into $111.075.
Recommendations for success
1. Don't rush — look for favorable entry points.
2. Study news and analytics on selected assets.
3. Never invest the entire amount in one asset.
4. Use stop-loss orders to limit losses.
Conclusion
With $100, you can start earning on Binance if you allocate capital wisely and stick to the strategy. Spot trading and staking are a great start for beginners, minimizing risks and providing stable income.
Success in the crypto market depends on your discipline and willingness to learn. Invest wisely!