How to make profit with Binance (without trading).

Well, Binance, we no longer present the first trading platform of the world. It has quickly become the leading platform in the crypto universe for buying cryptos and getting rich (oh!) or at least getting richer.

No need to use another platform in fact, because you can do everything on Binance. And, although it is a centralized platform, it is the only platform that “flirts” so much with decentralized finance (whether it is tokens or by creating its own decentralized blockchain: Binance SmartChain).

If Binance has become a giant among giants, it is mainly through its continuous addition of new and ever more interesting features. So, we can do so many things now that I can understand why a complete beginner might not find their way around. You can get lost as there are so many offers and that's where I come in.

And, I know you, bunch of investors, what interests you most is knowing how to make your capital grow. I am wrong?

If this is the case, then this article (and the video that goes with it) is for you.

We will see here, all possible methods to generate income on your cryptocurrencies, on a single platform. Also, we are not going to talk about trading and exchanges here. We will instead focus on other less known (but also often more lucrative) methods.

Methods to earn cryptos on Binance

It's up to you to choose the one that suits you best depending on the budget you have and also the degree of risk you are willing to take.

1. Staking tokens

Binance was one of the first platforms to offer on staking cryptos, as you know.

So, you should know that there are two ways to stake on Binance. You can stake 25 cryptos, open to everyone.

You should know that you can do two types of staking on the platform:

• Flexible staking: You can withdraw your capital at any time. The returns are lighter than locked staking.
• Locked staking (higher returns): The principle is the same except that your cryptos will be blocked for a period that you choose. For example, if you select 7 days, you will not be able to withdraw your cryptos during this period. The longer you lock them, the greater your returns will be. You can earn up to 16%.
• Staking DeFi: this is the big news. You can stake certain DeFI tokens with interest rates of up to 60% using BNB, USDT, DAI or BUSD.

2. Earn interest with Binance Saving

Here, we are in pure savings and it is perhaps the simplest method to grow your cryptos. It is also the one that is less important in terms of yield. This is a similar option to BNB vault.

Again, as with staking, there are different types of products depending on how long you will lock your funds:

• Saving Flexible : You can deposit and recover your cryptos at any time.
• Locked Saving : One can deposit cryptos for several days and generate higher interest.

3. Farming on Binance Launchpool !

Le Yield farming seemed complicated to you? There, you will see that everything is simplified.

There, the principle consists of depositing BNB (the Binance token), BUSD (Stablecoin based on the platform's dollars and other cryptos in the Binance Launchpool space.

So, the launchpool was an immediate success as soon as it was launched. Already, it pleases for its simplicity. Simply deposit tokens into a liquidity pool.

Binance Launchpool, launched earlier this month, allows you to generate tokens for new projects by simply depositing BNB into the liquidity pool.

At the moment, we can win Klay for example. Do not hesitate to come back to the tab to discover other tokens. Binance presents new ones regularly.

You can check out the guide to learn how to farm on Binance LaunchPool.

2. Provide liquidity with Binance Liquid Swap

Now it's time to talk about a new service Binance Liquid Swaps. There, it is another liquidity pool of Automated Market Maker (AMM). This is the first time that we have seen such a service specific to DeFi on a centralized exchange platform.

Binance Liquid Swap is a trading platform in which users pool their token to provide instant liquidity. You can buy, trade and stake cryptos.

When you place funds on Binance Liquid Swap, you get stable prices and low fees for transactions that are carried out in instant swaps. That said, prices and fees change as you trade, add or withdraw funds from the pool. Here are the trading pairs available:

What do we gain when we participate? Well, you earn in proportion to the funds you deposited transaction fees.

Binance Liquid Swap: How to make money with it?

3. Binance Launchpad: Invest before anyone else

With the launch of Binance Launchpad, it's a different way to make money with binance, but still very interesting.

This is more for those looking for the next unicorns, the next crypto nuggets.

Binance Launchpad has given a boost to big DeFi players like Band Protocol and Kava. The platform hosts the sale of tokens for brand new projects. Therefore, the price is then very attractive, as you can imagine.

This remains not strictly speaking a method for earning money on Binance but for investing in potentially very lucrative projects.

If you think you've missed the boat on a lot of crypto (don't worry, many of us think so), well, this could be a good opportunity to catch up.

6. Spend with your Binance card (with cashback option)

We have often spoken to you about cashback on this blog and it must be said that the Binance card is one of the most advanced and most generous of all crypto bank cards.

You will nevertheless need to have BNB to enjoy it with joy, but we are preparing an article for you on this subject.

Conclusion: A great platform to get rich like Gordon Gekko

Finally, failing to be rich like Gordon Gekko, the platform at least has the advantage of giving us the same financial tools as it (more or less). If the platform has become number 1, it is not for nothing. It must be said that his founder Cz was able to put in place all the tools we needed.

I remember when Binance DEX was released, being frankly surprised by such a launch. I told myself that it could even put the classic Binance exchange in competition. Well, on the contrary, it strengthened him as we can see over time.

In short, I hope this article has satisfied your greed 😉

See the video :

Note: This does not constitute investment advice. All investments involve risks. Always do your own research.