How a Beginner Can Make $100 in Cryptocurrency in One Day with Binance
How a Beginner Can Make $100 in Cryptocurrency in One Day with Binance
The cryptocurrency market offers countless opportunities to generate income. With a platform like Binance, beginners can get started quickly. Here is a simple guide to potentially earn $100 in one day.
1. Register and deposit on Binance
Create an account on Binance and pass the KYC verification (mandatory to withdraw your earnings).
Deposit a reasonable amount, for example $200 to $500. This capital will be used to maximize your chances of winning.
2. Use Spot trading (buy/sell)
Look for volatile cryptos: On Binance, certain assets like DOGE, SOL, or MATIC fluctuate a lot in one day.
Buy at a low price and resell at a higher price. For example, a 5% increase on €200 can generate €10 profit on each transaction.
3. Participate in the Launchpad or promotions
Binance regularly offers staking programs or airdrops where you can get free cryptocurrencies by investing temporarily.
4. Leveraged Trading (Futures) (Advanced Option)
Binance allows you to amplify your gains thanks to leverage. With €20, you can control a position of €200. Be careful though, the risks are high. Use a low leverage (max. x5).
Example: If a crypto like BTC rises by 1% and you use x10 leverage, this is equivalent to a 10% gain on your invested capital.
5. Automate your earnings with flexible staking
Invest in stablecoins (stablecoins like USDT or BUSD) and place them in flexible staking products on Binance Earn to earn passive returns.
Tips for success:
Set realistic goals and don’t be greedy.
Monitor market trends and use Binance tools like charts or price alerts.
