how to earn on binance without trading

To generate passive income without engaging in direct trading, Binance offers options like Binance Savings, where interest accumulates daily on cryptocurrency holdings, and Binance Staking, rewarding users for holding specific assets.

Oct 31, 2024 at 10:47 am

How to Earn on Binance Without Trading

Binance is the largest cryptocurrency exchange in the world, and it offers a variety of ways to earn without having to trade. Here are three of the most popular ways:

1. Binance Savings: Binance Savings is a way to earn interest on your cryptocurrency holdings. You can choose from a variety of different cryptocurrencies to save, and you'll earn interest on your balance every day. The interest rates on Binance Savings vary depending on the cryptocurrency you choose, but they can be as high as 5% APY.
2. Binance Staking: Binance Staking is a way to earn rewards by holding certain cryptocurrencies in your Binance account. When you stake a cryptocurrency, you are essentially lending it to Binance to use for their operations. In return, you'll earn rewards in the form of the cryptocurrency you staked. The rewards rates on Binance Staking vary depending on the cryptocurrency you stake, but they can be as high as 10% APY.
3. Binance Launchpad: Binance Launchpad is a platform where Binance offers new cryptocurrency projects to investors. When a new project is launched on Binance Launchpad, you can buy its tokens at a discounted price. If the project is successful, the value of the tokens you bought may increase, and you can make a profit.