The simplest way to make money on Binance without needing much experience or in-depth knowledge
1. **Register and verify Binance account:** - If you do not have an account, register an account on Binance - Complete the identity verification process (KYC).
2. **Deposit money into account:** - You can buy cryptocurrency with fiat currency through Binance or transfer from another wallet to your Binance account.
3. **Choose savings products:** - Access the “Finance” section on the main menu, select “Binance Earn” and then select “Savings”. - You will see two main types of savings: Flexible Savings and Locked Savings.
4. **Deposit money into savings products:** - With **Flexible Savings**, you can deposit and withdraw money at any time. Interest will be calculated daily and added to your balance. - With **Locked Savings**, you will lock your money for a fixed period of time (7, 14, 30 days, or longer) and receive higher interest rates than with Flexible Savings.
5. **Check interest rate and balance:** - Interest will be automatically added to your account. You can check your balance and interest received in your account.
### Specific Examples:
- **Flexible Savings:** You deposit 1 BTC into your Flexible Savings account. Every day, Binance will calculate interest based on your balance and automatically add interest to your account.
- **Locked Savings:** You deposit 1000 USDT into the Locked Savings account for a term of 30 days. After 30 days, you will receive the principal amount back along with the agreed interest rate. Advantage:
- **Simple and easy:** No need for in-depth knowledge or trading experience. - **Low risk:**
#MyFirstFeedPost Hello Binance Square users! The main developer of Shiba Inu, pseudonym Shytoshi Kusama, mentioned the issue of billions of SHIB about to be burned.
He stated that the token burn will have a clear impact on SHIB prices as the Shiba Inu can be adopted globally.
Kusama admitted that in 2023, SHIB adoption begins to expand. However, he still wondered what to do to "ensure that SHIB is permanently applied worldwide."
He finally found a solution and shared it in the form of a plan that can be implemented within the coming years.
Kusama mentioned leaders of SHIB projects “must usher in a new era of cryptocurrency, blockchain and ‘Web3’.”
This means a complete shift from memes to “a global standard that can be easily supported by technology.