Due to the rapid development of the cryptocurrency industry, investing in cryptocurrencies no longer only entails buying bitcoin and keeping it in one’s own. Since the introduction of Bitcoin, there has been a great deal more opportunity for holding than there was before.
This is despite the fact that holding continues to be one of the most secure and effective methods of investing techniques used over the last decade.
Binance Earn is a cryptocurrency goods portfolio that has been developed specifically for the purpose of providing you with passive revenues in exchange for your idle assets. You may think of it this way.
As a liquidity provider on the DeFi market, you will be able to start staking, saving, and making stablecoin, alt, and bitcoin-related passive income via Binance Earn. And you’ll only find support for fiat currencies on Binance, the only exchange where you can maximise your prospects for rewards.
To develop your asset portfolio on Binance, you don’t need to become engaged in trading. In this article, we’ll discover how to accomplish it effectively. Today, Binance offers several different methods for purchasing cryptocurrency. While many individuals are fixated on the process of trading, there are a slew of other methods to get the most out of your crypto assets. And the bargains don’t end with the purchase.
Even if you don’t trade, there are a plethora of ways to increase your crypto holdings. Binance will provide you more control over how tokens are allocated to the many services and activities that we are introducing on platforms on a regular basis.
Top Ways to Earn Crypto on Binance that doesn’t Involve Trading
We have compiled a list of the most effective methods for ensuring that you earn money on the site even if you don’t engage in any trade here for your convenience. Let’s get started without any more delay, shall we?
1. Get a new token through holding BUSD, BNB, or another crypto over Binance Launchpool
A launch pool for Binance had been made available only a few short months earlier. You may earn crypto coin in this manner by participating in projects that have just been created, and all that is required of you is a deposit of BNB into the liquidity pool.
Farming some of the Binance Coin (BNB) or another cryptocurrency on Launchpool is another way for you to earn free cryptocurrency via Binance. If you would like, we would be more than glad to go through a comprehensive tutorial on that topic with you if you would just ask!
2. Grow Stablecoins through Liquid Swap by Binance
Liquid Swap is another product for liquidity pool that had already been released on Binance at the time of its announcement. This is the AMM pool product, which stands for automated market maker.
It is one of the few that has a centralised exchange and is thus rather unusual. Users are able to exchange crypto-assets, there is little leakage, and earning a portion of interest that is created via joining this liquidity pool is possible. In addition, it hosts a variety of pools for liquidity, which are also available to users.
3. Stake Token for Getting Benefits through Binance Staking
Since the beginning of 2019, the site has included a Proof-of-Stake technique for several of the cryptocurrencies it supports. Staking your tokens on Binance gives you quick access to the benefits of earning cryptocurrency via staking programmes, to put it another way.
The Locked Staking function on Binance will allow you to earn extra tokens by staking one of the 25 supported cryptocurrencies, and there are no constraints attached to getting these tokens. In order to acquire free coins on Binance, you don’t have to buy and use the cryptocurrency that you currently hold in the process.
4. Subscribe Tokens on Locked Staking On Binance for Higher Yields
You can also utilise the Locked staking function on Binance to lock your tokens for as short as seven days in return for greater payouts.
Locking your tokens may be done at any time. You are welcome to come and see the many different techniques of locked staking for yourself if you so want.
All of this was made possible as a direct consequence of the annual returns of about 16 percent that were generated by the participating projects, as well as the many ways that these projects generated free cryptocurrency.
5. Participating in DeFi Stakings
You will have the opportunity to participate in your earning possibilities that have been made accessible for tokens if you use decentralised financing, often known as DeFi. Binance DeFi Staking, for instance, has also created various products that give yearly returns for as high as around 60 percent. And you may do this by making use of DAI, BNB, USDT, or BUSD.
6. Earning interest through saving Products on Binance
One may get free coins on the Binance platform by virtue of the yield that is generated by the Binance Savings platform, in addition to having the ability to choose from a wide variety of savings products for the purpose of holding cryptocurrencies.
You will have the choice of going with a flexible savings account, which is one in which contributions and withdrawals may be made at any moment.
You also have the option of using the Locked Savings feature, which enables you to store your cryptocurrency safely for an extended period of time before allowing you to cash it out at a higher interest rate.
7. Store Your Crypto on Accounts for Earning From Airdrops
Currently, Binance allows you to maintain BNB in your account. You’ll be eligible for rewards just by taking part in the SXP token airdrops, which are worth $16 million.
Only holders of Binance BNB tokens are eligible to participate in this one-of-a-kind opportunity.
SXP tokens may be earned over the course of 12 weeks at a rate that corresponds to the amount of BNB you have in your wallet each week.
In the future, be on the lookout for opportunities like this, and be constant in your search.
8. Spend by using Binance Card
The phrase “you have to spend money in order to earn money” has been given a whole new meaning thanks to Binance.
You are now able to earn BNB rewards when you use the Binance Card, which was only recently announced in Europe and will be pushed out in other countries as well, when you spend at participating merchants. This feature was previously only available in Europe.
Cashback rates normally begin at one percent, but if you have a significant amount of BNB in your holdings, they may go to as high as seven percent.
Conclusion
If you don’t want to become involved in trading, then these top 8 methods may help you earn crypto without you having to do so.
Even if you don’t know much about cryptocurrencies, you should absolutely consider using these strategies to increase the amount of assets you have on Binance.
They come highly recommended. Therefore, you should make it a priority to start making money via the platform as soon as possible, and if you don’t already have an account, get one as soon as possible.
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