Binance is the most popular cryptocurrency trading platform. It was launched in 2017 and became one of the leaders. Now the exchange offers a variety of options for earning money.
Traders can choose classic and advanced trading options. The first option is suitable for novice traders. The second one for the experienced, providing all the necessary tools. Binance offers hundreds of trading pairs and their number is growing. You can trade in pair with BTC, USDT, BUSD, ETH and others. Trading commission is 0.075% and BNB holders pay only 0.05%. There is also margin trading for those who want to trade with leverage.
Also Binance added possibility to work with futures (with and without expiration, leverage up to 125x) and options.
Section Binance Earn provides options for passive income: Savings, Locked Staking, Launchpool, BNB Vault and ETH 2.0 Staking.
Savings section gives the opportunity to earn by staking free funds and you can redeem them at any time.
Locked Staking section gives the opportunity to earn by staking free coins but you can't redeem them at any time. The duration of staking can be 15, 30, 60 or 90 days. APY of this tool is higher than Savings section.
Launchpool allows you to receive a reward in tokens of new projects for staking your crypto in pools. The most used coins are BNB and BUSD. You can withdraw the received tokens to the main account at any time.
BNB Vault is a BNB yield aggregator and allows you to receive tokens of all Launchpool projects for staking your BNB. If you don't want to choose from several projects on your own, then this is the best option. When there are no projects in Launchpool you will receive reward in BNB.
ETH 2.0 Staking allows to participate in Ethereum 2.0 staking but your stake cannot be redeemed until the first phase of ETH 2.0 is complete (it may take about 2 years.). Reward will be regularly distributed in form of BETH to users' Spot accounts. You can swap BETH to ETH on a 1:1 ratio.
Binance has launched NFT marketplace where you can buy NFT from famous digital artists and celebrities.
Verification is optional. There is a limitation for unverified users of the daily withdrawal amount - 2 BTC. If you want to buy cryptocurrency using a credit card then verification is required.
Also you can convert small balances of remaining assets to BNB. This action can be made every 6 hours. You just need to select the "Convert to BNB" option in your wallet.
You can register on the exchange with 10% cashback: Binance registration
