Some of the questions that users ask me are: how can we make money with Binance?
First of all to earn money with cryptocurrencies you have to study a lot, you have to read, you have to see the best, you have to learn from people who really know, it doesn't matter if nobody believes in you, encourage yourself to learn, to educate your mind to educate yourself, to ask something when you don't know it, to surround yourself with people who help you, motivate you and when you don't know something they push you humbly teaching you how much or little they know, but motivate yourself to take that step, it doesn't matter if you're alone When you start in the world of cryptocurrencies, along the way you will meet people who have this beautiful passion for blockchain and cryptocurrencies in common, and also the entire Binance ecosystem.
Now in Binance you can make money in products such as:
Binance Earn: It allows us to earn money passively without the need to dedicate time, effort, it allows us to obtain hodling profit but it can also increase if the value of your asset increases
There are many ways to Generate passive income with Binance Earn and here we will show you:
Flexible Savings: It is a way in which you receive interest cryptocurrencies generated by your funds stored in a wallet, this method allows you to withdraw the money at the time you want, it is a good option in case you use money that will remain temporarily inactive, It is worth mentioning that the withdrawal of this product only takes seconds to appear in your Spot wallet.
Blocked Savings: This product is somewhat the same as Flexible Savings, only the difference is very noticeable due to the interest rates since it offers higher rates, and limited access to frozen assets, in this product your cryptos are blocked for a period of time of time mostly from 7 to 120 days, and in this period of time the funds would not be available to the user, the Withdrawal would take from 48 to 72 hours to appear in your Spot account.
Activities: These offers are valid for a certain period of time, they are more profitable than the blocked staking but you must be careful not to lose the opportunity.
Blocked Staking: Similar method blocked savings only here you get rewards for staking cryptocurrencies, some cryptocurrencies give you better flexibility to manage the cryptos that are staked
Launchpool: It is a platform to mine new tokens that are launched on the exchange. Users can send their funds to a pool to mine a new token, in this way they finance its launch, the invested assets are blocked during mining but the user of In the same way, you can withdraw it at the time you decide.
Dual investment: This product allows the user the choice between two currencies in exchange for a significant return, higher in a short time the user can choose the execution price that suits him, as well as the annual percentage yield (APY) and a deposit term the return will be made in one currency or the other according to the conditions.
Binance Liquid Swap: This is a product that offers people an opportunity to become an automated market maker (AMM) by adding liquidity and receiving interest from the token exchange.
BNB Vault: It is a safe product and without much complication for users who do not wish to have complex activities, such as discovering some cryptoactive strategy, since this is the combination of all the aforementioned methods to generate profits.
⚠️This is an Educational post, it is not investment advice, in case you want to make an investment you must do your own research, therefore stay SAFU⚠️
This content was written by Ysidro J Tineo If you like it, like and share and so we can together help and educate more people about the world of cryptocurrencies and the Binance ecosystem, I hope to see you in the comments, and I invite you to follow me so that you are aware of future content to be made , Thank you very much Dear Reader, it was a great pleasure.🚀💛
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