When you join Binance, you can get a small bonus, usually around $5-20, just for signing up and depositing. This is a great way to start building your balance.
Next, invite your friends to join Binance using your referral link. When they start trading, you will receive 20% of their trading fees as a reward. This can add up quickly!
Binance also hosts trading contests and competitions where you can win prizes, usually in the form of cryptocurrency or cash.
If you already have some cryptocurrencies, consider staking them on Binance. This means lending them to the platform, which uses them to support its operations. In return, you will earn interest on your holdings.
Spot trading involves buying cryptocurrencies at low prices and selling them when the price increases. This can be a great way to make a profit, but be careful - prices can fluctuate rapidly!
Futures trading involves using additional funds (leverage) to trade cryptocurrencies. This can amplify your profits, but also increases your risks.
Binance Academy is an educational platform that teaches you about cryptocurrency and trading. Complete tutorials and quizzes to earn rewards!
Finally, keep an eye out for airdrops, where Binance distributes free tokens to users. This can be a nice surprise!
Remember, cryptocurrency trading is risky, so always exercise caution and do your research.
