Here are 5 popular ways to make money on Binance:
1. Trading
Cryptocurrency trading is the most popular way to make money on Binance. You can participate in trading types such as spot trading (buying and selling cryptocurrencies directly) or margin trading (using leverage to increase profit potential). Binance offers a variety of trading pairs, from major coins like Bitcoin and Ethereum to altcoins.
2. Staking
Staking is the process of holding a certain amount of coins in a wallet to support the operation of a blockchain network. On Binance, you can participate in staking and receive interest based on the amount and time you hold the coins. Binance supports many coins for staking such as BNB, ADA, and many others.
3. Earn Program (Savings)
Binance Earn allows users to deposit cryptocurrencies into savings plans with different interest rates. There are Flexible Savings and Fixed Savings options, which help you earn daily or weekly interest on your deposits.
4. Yield Farming and Liquidity Mining
Binance offers Yield Farming and Liquidity Mining programs, where users can provide liquidity to trading pools and receive token rewards. Here's how to earn more profits from holding cryptocurrencies.
5. Binance Launchpad
Binance Launchpad is a funding platform for new cryptocurrency projects. Users can participate in ICO (Initial Coin Offering) or IEO (Initial Exchange Offering) rounds to purchase new tokens before they are listed on the exchange. This can be highly profitable if the projects are successful.
