Binance is one of the most popular and trusted platform for large, medium and small scale cryptocurrency traders. However, today, the 4th day of October 2020, Binance announces that Trading is not going to be the only way to earn cryptocurrency from them.
Introducing Binance Earn
Yes, you read it right. If trading cryptocurrency is not something you want to do, but still you are seeking for ways to earn more cryptocurrencies, then Binance is here to help you out.
Binance Earn is a section on the Binance platform that will show you all the several ways you can earn from Binance without trading.
Binance Earn Includes
As I have mentioned above, the Binance Earn section on the Binance platform that summarizes all the Binance products that you can use to earn more cryptocurrencies without trading.
When I was writing this post, I went through the list, and from the Binance Earn page, here are the Binance products that you can use to earn cryptocurrencies without trading.
This will show you which cryptocurrency you can invest in so that you can earn interest. With the Flexible Saving, you can cancel your investment and any time, and still receive the interest that you have accumulated thus far.
The Locked Saving is similar to Flexible Saving. Only that the interest rate for Locked Saving investment is usually higher, but you cannot cancel your investment any time you feel like. You have to wait till a certain time before you can cancel.
Every now and then, new cryptocurrencies are being created. With the LaunchPool, your investment will be used to buy the latest cryptocurrency for you at the lowest/launch price. After which, you can either choose to hold it or sell it as soon market price is established.
How to Use Binance Earn
To be able to use Binance Earn, do the following:
- Create a Binance account.
- Visit the Binance Earn Section.
- Select the investment product that best suits.
- Make the necessary deposit.
And you are on your way to earning cryptocurrencies while you sleep.
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