How to earn $2,000 on Binance in 30days💵
How I earned $2,000 on Binance in 30days.
Here, I will show you how To Make Money On Binance - An Ultimate Guide.
I’ve been a long time fan of Binance. It’s a great exchange that offers high liquidity, low fees and a wide range of coins. They are also one of the few exchanges where you can buy ETC, which is an Ethereum token.
For most people, earning money on Binance is extremely difficult because they don’t have enough patience to earn their first $10 or $20 worth of BNB. So I thought I would write this post in which I share the exact steps I used to earn $2k USD in just 30 days!
This article will show you how I earned $2,000 on Binance within 30 days. My method is simple and does not require any technical knowledge in order to make money.
Contents
Introduction
-What is Binance?
-How to successfully open a verified Binance account.
-How to earn from it?
*The basic step to earn from Binance. (Minimum capital required $15)
*The 2 Elite step to earn from Binance.
-Conclusion.
What is Binance?
Binance is a cryptocurrency exchange, where you can buy, sell, and trade your digital coins. It is one of the oldest and largest in the world.
Binance has its headquarters in China but also has offices in Japan, Malta, Vietnam, Singapore, Hong Kong and Switzerland. Its primary business is digital currency trading with an emphasis on security and reliability.
Binance was founded by Changpeng Zhao (known as CZ). He has been involved in cryptocurrency since 2014 when he started a company called FXPIG. Later he started another company called Btcpop which allowed users to buy bitcoin using credit cards.
In May 2017 Binance was launched as a Bitcoin exchange platform where users can trade between different crypto currencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), etc. In September 2017 they added Ethereum Classic (ETC), OmiseGO (OMG) and ripple coin (XRP). They also added NEO coin back then but later removed it because it was not stable enough.
Binance Coin (BNB) is the currency used on the Binance platform. The coin can be bought, sold and traded on the exchange but only if you are registered with Binance.
How to successfully open a verified Binance account.
1. Register at Binance
Binance verification process is one of the easiest method. Your account gets verified in a couple of minutes and you are ready to trade Cryptocurrency.
2. Sign up with your email and mobile phone number
3. Verify your identity by taking a selfie and a valid Government issued ID and uploading it to your binance account
4. Deposit funds using ETH, BTC or BNB cryptocurrency.
Starting up with purchasing BNB will be the best option because you will be given some certain amount of discount on your purchase. The minimum start up plan to purchase your tokens on Binance is $15.
How to Get Started with Binance P2P Trading
Binance P2P trading lets you exchange tokens directly with other users. It’s a great way to acquire tokens at a discounted price (when compared to buying tokens on a centralized exchange). Binance P2P platform, you’ll first need to download the Binance app on your smart phone for better understanding.
How to Trade on the Binance P2P Network?
To start trading on the Binance Chain, you first need to create a wallet and fund it with the Binance Coin (BNB) token. A wallet can be created on Binance Chain’s Explorer. Here’s how you do it:
1. Visit the Binance Chain Explorer - Access the Binance Chain Explorer.
2. Click on “Wallet” in the top-right corner - From the drop-down menu, select “Wallet” to create a Binance Chain wallet. Select “Standard wallet” when asked to choose a wallet type.
3. Create a new password and click “Create” - Once the wallet is created, click the “New wallet” button and enter a secure password. You’ll need to remember this password because it’s the only way to access the wallet.
4. Click “Claim” - Once you have a Binance Chain wallet, you can claim your BNB tokens. Click “Claim” to initiate the process and receive your BNB tokens.
5. Click “Trade” - Once you’ve added some BNB to your wallet, you can start trading on the Binance P2P network. Simply click “Trade” in the Binance Chain Explorer interface to access the decentralized exchange.
6. Select a trading pair - You can now search for trading pairs, place buy and sell orders, and see real-time network data.
7. Click “Sell BNB” - If you want to exchange your BNB tokens for other cryptocurrencies, click “Sell BNB” on the trading pair menu. This will prompt you to enter the amount of BNB you want to sell and choose the receiving currency.
Known investment term, means simply to buy low and sell high. If you are a Binance enthusiast, then you should use discount "Binance coins" to buy as many altcoins as possible at the lowest price and sell at the highest price.
Binance earn
Most people don't know about this amazing way to earn on Binance. It's very easy to understand, though the interface might be a bit technical for beginners. Here, I will show you few methods you can start up with right away, and start earning even as a beginner.
Binance savings
There are two types of Binance savings.
- Flexible savings
- Locked savings
Flexible savings
For the flexible savings, you can withdraw your money at anytime you want with the profit. But the APR(Annualized Percentage Rate) for the flexible savings is smaller to the locked savings.
To get started
Select the coin you want to start your savings with.
Turn on the auto-subscribe button. By so doing, the system keeps using your capital for savings and you keep earning from it then click on the subscribe button.
Enter the amount of the coin you will be saving, agree to Binance rules and regulations, click on confirm.
Locked savings
For the locked savings, the APR is more higher than that of flexible savings. But the locked savings has an expected withdrawal date. In most cases, you might see up to 7 days duration or sometimes 30 days. But one thing to take into consideration is, while using the locked savings, take for instance you want to Invest in AXS, and the withdrawal date is 7 days, if you withdraw before the expected date, you will loose your profit and AXS percentage, but you will still get your capital back.
2. BNB Vault
Here is strictly BNB, Where by you lock BNB in the BNB vault, and get interest in your locked BNB. And when projects are launched on Binance, you get a little slice of it because you have BNB locked in the vault.
To get started
You want to make sure you have certain amount of BNB coin in your spot wallet.
Click stake and select the amount of coin you will be locking. You can also unstake if you want.
Click the auto transfer button.
3. Liquidity farming
Liquidity pool is all about swapping one coin to another and earning charged fees. That means, the coin you are swapping, Is provided by another person, So the fees you are charged for using that pool to swap your coin is what the person that provided that liquidity earns.
So you can actually decide to provide a liquidity in a liquidity pool and earn transaction fees from those using that pool to swap. And it's really simple to do this.
To get started with this,
You select any coin of your choice and click add.
Select the plan you want to go for, if you want to select both GMT+USDT, or you just want one coin for the pool, the choice is yours to make.
Select the amount of coin for the pool then click add liquidity.
The elite step to earn up to 3Btc's
One of the best way to earn from Binance without investing any capital is through Binance referral program.
The Binance standard Referral Mode allows you to invite friends and earn up to 40% commission every time they trade on Binance. You can earn f
Referral from both spot and future markets.
Conclusion
If you want to know more on how to make money on Binance or crypto trading, then read on. Alternatively try out this site CT Mastery to get quality mastery cryptocurrency tutorials.
I hope you find this article helpful and relevant.
Comments
Post a Comment