Top 8 Non-Trading Ways to Earn Crypto on Binance
Binance is regarded as one of the greatest cryptocurrency exchange platforms. It allows its customers to take part in a safe and secure trading experience. Binance provides a diverse selection of transactions as well as passive income opportunities.
Even when you are not trading, there are several chances to enhance your asset holdings at Binance. This blog will teach how.
You may now acquire cryptocurrencies on Binance in a variety of methods. While many people focus on how to trade on Binance and earn money, whether through Binance trading platforms or buying the Binance Clone software from vendors at an economical price to trade on your cryptocurrency. However, the offers do not end there.
Binance provides you with a variety of ways for increasing your crypto holdings even while you are not trading. Binance gives you the ability to assign your tokens to various activities and services that they recently introduced on their platform. How can I profit from Binance without trading? We have listed eight options below.
Binance Launchpool
Binance Launchpool, which was established by Binance earlier this month, enables you to earn crypto tokens from recently launched projects simply by putting your BNB in a liquidity pool. You may occasionally earn free cryptocurrency on Binance by farming a small portion of your BNB or other cryptocurrencies on Launchpool.
Binance Liquid Swap
Binance Liquid Swap is another liquidity pool product that was recently released by Binance. This is the first automated market maker (AMM) pool product on a centralized exchange. It hosts several liquidity pools that allow its customers to swap crypto assets with little slippage while earning a percentage of the interest produced by joining the liquidity pool. This Binance swap will help you to increase your stablecoins.
Binance Staking
The technique of keeping your digital assets in your wallet is known as staking. This will allow you to gain from cryptocurrency. Staking has been utilized by new users to generate money in a passive manner.
Binance has already supported the Proof-of-Stake methods of various cryptocurrencies on their platform since 2019. Simply said, storing (Staking) your tokens on Binance entitles you to the benefits of your crypto token’s staking schemes. Binance Locked Staking allows you to earn more tokens from the 25 supported cryptocurrencies while putting no restrictions on your earnings. This is the closest thing to finding out how to acquire free coins on Binance without really buying them and while using the cryptocurrency you already hold. Stake your token which helps you to attain the benefits from Binance Staking.
Binance Locked Staking
Users can receive incentives by staking assets on the blockchain via Locked Staking. There are around 30 staking coins available, with the highest rate presently being +30%. Staking coins are among these goods. These products have various term periods and minimum locked amounts.
You may also look at Binance Locked Staking, which allows you to lock in your tokens for as short as 7 days and profit from higher yields. There are six locked staking chances available to you, all made possible by the staking system of the participating projects, with yearly payouts as high as 16% and multiple opportunities for earning free crypto. Enroll in the Binance Locked Stakig with your tokens for higher yields.
DeFi Staking Participation
With the introduction of DeFi (decentralized finance), you may also engage in earning opportunities for your tokens. Binance DeFi Staking, for example, has introduced many products with yearly returns of up to 60% utilizing BNB, USDT, BUSD, and DAI, with more to follow.
Flexible Savings
Binance users may deposit cryptocurrencies and earn money every day with flexible savings. This is a great way to store cryptocurrency that would otherwise be sitting idle in your spot wallet.
At the moment, Flexible Savings offers 56 savings packages. Users may now earn up to 10% interest on popular currencies including Bitcoin, Ethereum, and USDT. You may also use auto-transfer to purchase flexible savings using your available spot wallet balance.
Binance also offered many savings options via Binance Savings to keep your crypto and earn free coins on Binance from the yields they create. Users can select Flexible Savings, which allows them to deposit and withdraw funds at any time. You can choose locked savings, in which you safeguard your cryptocurrency for several days before withdrawing it for higher interest rates.
Promotional Gifts
Maintain Cryptos in Your Binance Account to Profit from Airdrops. Right now, keeping BNB in your Binance wallet grants you access to a $16 million airdrop of SXP coins that is only available to Binance BNB holders. Generally, this is a twelve-week induction program where the users can gain SXP tokens commensurate to their BNB holdings every week.
Binance Card
Spend money using your Binance Card. Binance is bringing new meaning to the phrase “You have to spend money to make money.” Binance Card, which was introduced in Europe and will soon be accessible in other areas, allows you to spend money at thousands of partner shops all around the world and earn BNB rewards. The cashback rate starts at 1%, and the more BNB you have, the higher the Binance rate increases, even up to 7%.
Conclusion
These are the tried-and-true methods for profiting on Binance without trading. These methods do not necessitate any mathematics or trading knowledge. As you can see from the samples discussed above, whether you trade or not, you may earn additional assets on Binance. All you have to do is acquire cryptocurrency and participate in one of the various functions that Binance provided.
This demonstrates the significance of the trend in Binance, and so it is an excellent opportunity to construct the Binance clone script. It refers to a ready-made script with built-in features similar to Binance. In general, business owners who want to start a cryptocurrency exchange similar to Binance utilize a script to get their exchange up and operating rapidly. This script includes all of Binance’s existing trading modules and specialized features. With the help of this Binance clone script, you can quickly build and deploy a feature-rich cryptocurrency trading site comparable to Binance. There are several distinctive and one-of-a-kind characteristics when developing a crypto trading platform such as Binance. These distinctive characteristics make it one of the best cryptocurrency trading platforms in the crypto industry. The Binance platform will assist entrepreneurs in expanding their commercial enterprises. Seize the possibilities and stand out from the pack.
