How to earn with Binance?

Platform for cryptocurrency assets Binance provides passive and active methods of earning, both already traditional and innovative. The main method is investing: cryptocurrency purchase on the exchange and keeping them in the wallet in the expectation of price growth. To buy cryptocurrencies, you need to register, create an account on the website binance.com and get your identity verified.

After successful completion of identity verification, the user can buy Cryptocurrencies from a bank card, through Payment Systems, by bank transfer, directly through the service P2P. It is necessary to pay attention to the user limits and commissions for the transfer of funds.

If you intend to use crypto as an investment asset, then after purchase it is withdrawn to a “cold wallet” outside the exchange, so a higher level of security is provided. When coins reach the desired price, they can be withdrawn, for example, to the card. What wallets with withdrawal to the card exist, you can find out here.

Trading

Binance platform provides great opportunities for trading cryptocurrencies, crypto derivatives, leveraged trading. The easiest way is conversion, over-the-counter transactions: exchanging cryptocurrencies for currencies without additional instruments. You can switch to more skilled trading in the “Markets” tab on the home page, where crypto assets are shown in table form. The “Trade” button in the asset line on the right side activates the trading service, classic or advanced, on the client’s choice.

Trading terminals for all types of trading do not differ much, so after mastering one type of trading you can easily switch to another. The basis of the terminal is the price chart, it can be located in the center or on the left side of the service. Japanese candlesticks are used to display the price, but the display can be changed.

The selection of assets you want to trade is located to the right of the price chart, and you can find the desired coin or token in the search bar or in the table. Under the table is the online history of transactions in, in general, the market and for a particular user. The most significant events are displayed in the window “Important on the market” under the history. The rate of prices or orders is located on the left side of the price chart or on the right side. The upper part in red shows the dynamics of selling prices, the lower part in green shows buyer prices.

The buy/sell service is located at the bottom of the chart or on the right side, as in the desktop application. To switch to the leveraged trading terminal, you need to select the “Margin” section in the drop-down menu of the “Trade” tab. This service adds information on leverage size to your assets, and you can select either cross or isolated margin. But before you start trading, you should watch the training video and successfully pass the test.

Crypto derivatives trading on Binance is displayed under the “Derivatives” tab. Futures and other assets are selected from the drop-down menu. Any kind of trading, on the classic and on the professional Binance terminal is sophisticated. Traders are offered a huge toolkit with which to implement any trading strategies. But it requires a lot of time to master. For this purpose, the platform has a large “Binance Academy” section, which can be accessed from the home page.

Earn

The Earn service offers earning methods that are designed for investors who know that cryptocurrency can be a profitable asset, but do not have the ability to learn the specifics of crypto-assets. For them, cryptoplatforms develop tools that are close in features to traditional ways of making money.

Projects in Earn can be passive or involve some activity. First of all, these are cryptocurrency deposits:

• Variable rate deposits: the client credits the money to the spot balance of the crypto-exchange, and it is used as a loan for margin tradingfrom which the owner of the account receives a percentage.
• Fixed rate deposits: The money is fixed (frozen) for a limited period of time, during which the interest is credited to the client’s account.
• Steaking, another kind of earnings in the service Earn. Steaking is a method of mining cryptocurrencies by share confirmation, Proof of Stake. It is not necessary for an exchange client to understand the technical details of the process. Staking on a cryptocurrency exchange is a type of passive investing: the client receives profit from margin trading loans, in which the investor does not participate.
• FarmingThe following is an example: accrual of tokens for providing liquidity, that is, for placing a pair of tokens in the so-called “liquidity pool” on the crypto exchange. As profit, the client receives the tokens in which he invested.
• BNB Vault, a comprehensive income earning service BNB, the exchange’s own project: it includes variable rate deposits, staking and Launchpool (a variant of staking). It is quite a complicated method, however, it is positioned almost as a type of guaranteed income.