Even if you aren’t trading, Binance provides numerous opportunities to expand your asset holdings. This blog will show you how to go about doing it.
Right now, you can purchase cryptocurrencies on Binance in a variety of ways. While many people are focused on how to make money trading on Binance, you have many options for getting a good deal on your crypto, whether through our trading platforms or the Buy Crypto page. The bargains, however, don’t stop there.
Even if you aren’t a trader, we offer a number of options for increasing your crypto holdings. You can use your Binance tokens to take part in a variety of activities and services that we launch on the platform on a regular basis. How can you make money on Binance if you don’t trade? We’ve compiled a list of eight options for you to consider.
- 1 1. Hold BNB, BUSD, and other cryptocurrencies on Binance Launchpool to farm new tokens.
- 2 2. Binance Liquid Swap Can Aid Your Stablecoin Growth
- 3 3. Benefit from Binance Staking for Your Tokens
- 4 4. Sign up for Binance Locked Staking to get better returns on your tokens.
- 5 5. Participate in DeFi Staking
- 6 6. Interest is paid on Binance Savings Products.
- 7 7. By storing cryptocurrency in your Binance account, you can profit from airdrops.
- 8 8. Make Purchases with Your Binance Card
1. Hold BNB, BUSD, and other cryptocurrencies on Binance Launchpool to farm new tokens.
Binance Launchpool, which allows you to earn crypto tokens from newly launched projects simply by depositing BNB into a liquidity pool, was introduced earlier this month. You can earn free crypto on Binance by farming some of your BNB or other cryptocurrencies on Launchpool. Here’s a step-by-step guide to help you out.
2. Binance Liquid Swap Can Aid Your Stablecoin Growth
Another liquidity pool product that we recently launched is Binance Liquid Swap. This is a centralized exchange’s first automated market maker (AMM) pool product, and it hosts various liquidity pools that allow users to exchange crypto assets with minimal slippage while also earning a share of the interest generated by joining the liquidity pool.
3. Benefit from Binance Staking for Your Tokens
Since 2019, we’ve supported the Proof-of-Stake mechanisms of several cryptocurrencies on our platform. Simply put, storing (staking) your tokens on Binance grants you automatic access to your crypto token’s staking programmes. Binance Locked Staking allows you to earn extra tokens from 25 supported cryptocurrencies with no strings attached. This is the closest you’ll get to figuring out how to get a free Binance coin without having to buy it with crypto you already have.
4. Sign up for Binance Locked Staking to get better returns on your tokens.
The term “interest maximisation” refers to the process of maximising one’s own personal interests.
Binance Locked Staking allows you to take advantage of higher yields by locking in your tokens for as little as 7 days. There are six locked staking opportunities to choose from, all of which are made possible by the staking mechanisms used by the participating projects, with annual yields as high as 16 percent and a variety of ways to earn free crypto.
5. Participate in DeFi Staking
With the introduction of DeFi, you can now participate in earning opportunities for your tokens (decentralized finance). Binance DeFi Staking, for example, has launched several products using BNB, USDT, BUSD, and DAI, with more to come, with annual yields of up to 60%.
6. Interest is paid on Binance Savings Products.
Through Binance Savings, we offer a variety of savings products that allow you to store your crypto and earn free coins on Binance as a result of the yields they generate. Flexible Savings is a type of account that allows you to deposit and withdraw money at any time. You can opt for Locked Savings, which involves securing your cryptocurrency for a period of time before withdrawing it for higher interest payouts.
7. By storing cryptocurrency in your Binance account, you can profit from airdrops.
If you keep BNB in your Binance account right now, you’ll be eligible for a $16 million SXP token airdrop reserved exclusively for Binance BNB holders. This is a 12-week program in which you will earn SXP tokens based on your BNB holdings. The details of this program can be found here. We’ll be looking into more opportunities like this in the future.
8. Make Purchases with Your Binance Card
We’re giving the phrase “you have to spend money to make money” a whole new meaning. When you use the Binance Card to spend BNB at thousands of supporting merchants around the world, you earn BNB rewards.
The Binance Card was recently launched in Europe and will be expanded soon. The cashback rate starts at 1% and gradually increases as you accumulate more BNB in your Binance account, reaching up to 7%.
As you can see from the examples above, you can earn more assets on Binance whether you trade or not. All you have to do now is buy cryptocurrency and sign up for one of our many services. To get started, simply sign up for a Binance account by clicking Here.