Earning rewards on Binance can be done in multiple ways, depending on the activities you’re interested in. Here’s a step-by-step guide with examples:
1. Sign Up & Verify Your Account
Steps:
1. Go to Binance and create an account.
2. Complete the KYC (Know Your Customer) verification by uploading your ID and verifying your identity.
Why? Verification is required for most reward-earning features on Binance.
2. Participate in Staking
Steps:
1. Go to the Earn tab on Binance and select Simple Earn or Staking.
2. Choose a cryptocurrency like BNB, ETH, or ADA that offers staking rewards.
3. Lock your tokens for a specific period (e.g., 30, 60, or 90 days).
Example: Stake 100 ADA for 60 days and earn up to 5% APY in rewards.
3. Refer Friends (Referral Program)
Steps:
1. Get your referral link from the Binance Referral page.
2. Share the link with friends or on social media.
3. Earn a percentage of their trading fees as a reward.
Example: Refer 5 friends who trade $10,000 cumulatively, and you might earn $100 in referral rewards.
4. Participate in Binance Launchpad
Steps:$BNB
1. Go to the Launchpad section in Binance.
2. Commit BNB tokens to participate in token sales or Launchpool projects.
3. Earn new tokens based on your contribution.
Example: Commit 10 BNB to a Launchpool project and earn new project tokens like SEI.
5. Use Binance Savings or Liquidity Farming
Steps:
1. Navigate to Binance Earn > Flexible Savings or Liquidity Farming.
2. Deposit supported tokens to earn interest or farming rewards.
Example: Deposit 1,000 USDT in Flexible Savings to earn 4% APY or provide liquidity in a BNB/USDT pair to earn extra BNB.
6. Complete Tasks in Binance Learn & Earn
Steps:
1. Visit the Learn & Earn page on Binance.
2. Watch videos and complete quizzes about blockchain and cryptocurrencies.
3. Earn rewards in tokens for correct answers.
Example: Learn about Polkadot (DOT) and earn $5 worth of DOT tokens after passing the quiz.
7. Participate in Promotions
Steps:
1. Check the Promotions or Events section on Binance.
2. Follow the rules, such as trading specific pairs or completing tasks.
3. Earn rewards like cashback, vouchers, or free tokens.
Example: Trade $500 worth of BTC/USDT during a promotional period and win a $20 trading voucher.
8. Earn Cashback with Binance Card
Steps:
1. Apply for the Binance Visa Card.
2. Use it for purchases to earn cashback in BNB.
Example: Spend $1,000 in a month using your Binance Card and get 5% cashback in BNB.
Key Tips:
Always check the terms and conditions for each reward program.
Ensure you understand any risks, especially for staking or liquidity farming.
Monitor the Binance Blog and Notifications for the latest reward opportunities.