We all know Binance. You probably trade on Binance. You keep your spot positions on Binance. But did you know that there are a bunch of tools on Binance that can make you money even while you sleep?
Six Ways to Make Money on Binance Besides Trading
Now, in this video, I’m going to give you six crazy good ways to make money with Binance other than trading spot or leverage. I’m talking about fixed and flexible savings, staking, BNB Vault, Launch Pools, and Mega Drop for massive airdrops. So, a lot to cover, let’s get into it.
Join My Crypto Mission and Make Money Together
There is a billion ways to make money in crypto, and I am on a mission to find them all. My name is Fef, and I share everything I find with you. So if I make money, you can make money too. we love you. Smash the like button, show some love back, and if you want to make money every single day, follow me on X. Let’s go.
Binance: A Journey from 2017 to Now
Now, everybody knows Binance. I don’t think that I need to do any introduction to them, but just a little personal story. I’ve been here in 2017 when they launched, and I remember them being this shady exchange. I didn’t even dare to open an account, but then I did. Seeing the progress they’ve been through since 2017, becoming the largest by far in the space, eventually settling all their regulatory issues, being completely regulated and compliant, I mean, it’s absolutely incredible.
Binance’s Contributions to the Crypto Industry
Binance is not only a cool exchange, but they’ve done so much for the industry, especially CZ and the team behind Binance, from helping to recover funds stolen through scams to locking hackers into the exchange and much, much more. But that’s not why we’re here. You might be keeping your money on Binance or trading on Binance, but that’s not the only way to make money with Binance.
Earn Money While You Sleep with Binance Tools
They have a bunch of tools that you can use to make money even while you sleep. I couldn’t run through all of them in one video, but I brought you six of them that are easy to understand, easy to set up, and can yield you massive rewards. Before I deep dive into the content, I want to thank Binance for sponsoring this video. And before you turn this off because it’s just a plugin or whatever, let me tell you something.
Binance Earn: Simple and Flexible Staking Options
I made a deal with Binance, and I promised myself that I will only bring sponsors onto my show that I genuinely, truly believe in. These tools are crazy. Keep watching and trust me, you won’t regret it. Let’s go. So, the first product will be the Earn function. I did a crazy good video on staking DeFi, but if that’s complicated for you and it’s too risky and you want to keep your money on Binance, you might want to check this out.
How to Use Binance Earn for Passive Income
- You can click on the top here called Earn, and you will come to the Earn tab.
- Now, Binance made it very simple for us to earn money on the tokens that we hold as moon bags.
- For example, if you have Bitcoin that is sitting on Binance, you bought it, and you want to sell it at the top of the bull market 12 to 18 months from now or even further out, and it’s doing nothing, well, now you can use Binance Earn.
Maximizing Your Returns with Binance’s Flexible Staking
Log that Bitcoin, basically stake it on their platform, and earn yields on it. The way to do that is you come onto the Earn platform, and you will see a couple of things. Number one is Simple Earn. This is where you actually land. If you scroll down here, you will see all the products. These are the tokens that you can stake and get rewards.
Flexible Earnings: Earn Daily Yields with Binance
Now, the first thing you might notice here, other than the coin, is the estimated APR, which is the annual percentage rate—the percent that you will earn on a yearly basis—and you will see the duration can be flexible or fixed. So if you scroll down here, you will be able to pick an asset. For example, I’ll pick SUI, and I can click on the Subscribe button.
Simplified Staking on Binance for Maximum Rewards
Again, I believe that it’s great to use this if you have some coins that you’re keeping on Binance or a centralized exchange anyway. If you’re keeping it on a centralized exchange and you don’t want to self-custody, why don’t you just put it on staking? Now, you might argue, “Okay, Fef, but what if I can’t take it out? I lock it for 30 days.” Well, here is the good part with Binance.
Flexible Earnings: No Lock-In Period Required
| Feature | Description |
|---|---|
| Locking Period | You don’t need to lock it for 30 days, 60 days, or 120 days. |
| Flexible Earning | You can have something called flexible earning. |
| Annual Percentage Rate (APR) | By using flexible, it means that you will earn 6.47% if you leave it for an entire year. |
| Withdrawal Flexibility | You’re able to take it out at any time. |
| Ease of Use | It’s literally a click of a button. |
| Unlock Period | There is no unlock period, there’s no wait—not even 10 minutes waiting time. |
| Immediate Availability | You click on stake, and it’s already on your account. |
Daily Payouts with Binance’s Flexible Staking
This is paid out every day, so it’s on average 6.47% a year, but it’s paying out your dividends every day, or your yield every day. And if you decide not to stake anymore after a week, you can just click unstake, and it’s done. But there is the fixed staking as well, where you can pick 30 days, 60 days, or 120 days where you have to lock your coins and earn the rewards by locking them.