How to earn passive income with crypto

Binance users can transfer crypto assets from Binance Earn to Binance P2P and sell their crypto assets easily in exchange for their preferred local currency.

Binance P2P lets users buy and sell cryptocurrencies directly with other users, while Binance Earn allows new and experienced crypto users to easily earn money on their existing crypto assets.

There are many ways to generate passive income with Binance Earn, from savings products with flexible and locked terms to more advanced products including DeFi staking, automated market makers (AMMs) and more.

What Is Binance Earn?

Binance Earn allows users to save and grow the value of their crypto assets without requiring much time, effort, and in-depth knowledge. This method of passive income opportunity allows users to profit from not only HODLing but also growing it.

several ways to generate income using Binance Earn.

BNB Vault

The BNB Vault is a BNB yield aggregator that combines Savings, BNB DeFi Staking, and Launchpool to give you the best APY returns. It’s very easy to start earning with BNB Vault.

After staking your BNB, you will receive BNB Vault assets. The interest will start to calculate on the second day and rewards are distributed to your account on a daily basis.

You can redeem your funds at any time via two methods: fast redemption and standard redemption. Fast redemption allows you to redeem your BNB on the same day you make the request, but you will lose the interest accrued on that day. Standard redemption will return your funds the next day, but you will still be entitled to the interest accrued on that day.

Binance Liquid Swap

This tool gives users the opportunity to become an Automated Market Maker (AMM) by depositing tokens, thus providing liquidity, and receiving interest on the exchange of the tokens.

Dual investment

Binance Dual Investment is a nifty way to earn some side income no matter which direction the price goes. It lets you maximize yield on your savings while minimizing price risk. How does it work? Let’s see a quick run-through.

You deposit a cryptocurrency and earn a return based on two assets. You commit your holdings, lock in a yield, but earn more if the value of your holdings increases during the time that they’re locked up.

Launchpool

This is a platform for mining new tokens that are launched on the exchange. Users can send their funds to the pool to mine a new token, thus financing their launch. The invested assets are blocked, but users do not lose control of them and can withdraw them at any time.

Locked Savings

This method is similar to Flexible Savings but differs by offering a higher interest rate and limited access to the frozen assets. In this case, the funds are blocked for a specific period of time, usually from 7 to 90 days, during which the funds will not be made available for use.

Locked Staking

This method is similar to Locked Savings, but offers rewards in exchange for staking crypto. Staking some coins gives more flexibility in managing staked crypto, as Locked Staking releases user funds after 48–72 hours.

Flexible Savings

This method involves receiving interest rewards just for keeping funds in a wallet. If the user suddenly changes their mind, they can withdraw the deposit at any time. Not a bad option if one has a temporarily idle amount of money.

Activities

These are events and offers that are valid for a limited period of time. They are often more profitable than holding locked savings, but require users to keep an eye out for them so as not to miss the opportunity.

If you are looking for ways of generating some returns on your cryptocurrency holdings, you now know where to find them.

Click here to get your Binance account which is free of charge.

To buy Cryptocurrency in Binance you can click the link below

P2P Buy/Sell https://p2p.binance.com/en?ref=36687617

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