Introduction
In this blog, I will show you how to make money on Binance without trading. I have taken this article for you, and we will go through at least eight ways to make money without trading on Binance because some of you have asked for that in our previous blog. For example, I recently showed you nine simple ways how I make much more than $100 per day on Binance, but some of those methods involve trading.
So, how do you make money on Binance even for free without trading? I will walk you through these methods from Binance’s official website and share my own experiences and insights. Since I have been using Binance since 2017, I know Binance better than my own pockets. I have discussed Binance with thousands of our subscribers in the comments, and I will also show you where to find each of these money-making methods on Binance, click by click.
First of all, if you want to make money on Binance, you obviously need to have an account. When you sign up through my link in the description, you can get up to $600 in welcome bonuses. Here are the details, which you can pause the blog and zoom in to read. This offer is exclusive to those who sign up through my link because I have a partnership with Binance.
Now, let’s dive into the different ways to make money on Binance without trading.
1. Farm New Tokens with Binance Launchpool
What is Binance Launchpool?
The first method is farming new tokens by holding BNB, BUSD, and other cryptocurrencies on Binance Launchpool.
How to Use Binance Launchpool
To access it, go to the Earn section, click Binance Earn, and then select Launchpool. It’s a simple and secure way to earn money automatically. Personally, I have earned many different cryptocurrencies here without lifting a finger.
My Recommendation
I don’t recommend using BUSD or CAKE, though they are better than fiat currencies like euros and dollars. I still hold some BNB, and through the BNB Vault, you can earn multiple tokens simultaneously.
2. Binance Liquid Swap
How Does Binance Liquid Swap Work?
With Binance Liquid Swap, you can make money automatically. Go to Binance Earn, and select Liquidity Farming.
My Experience
I have used BNB and BTC pairs here. Simply add liquidity by entering the amount and clicking Add Liquidity. However, the interest rates can be low, around 1%, so it may not be the most profitable option.
3. Staking Your Tokens on Binance
Why Stake Your Tokens?
Staking is an easy way to earn passive income with proof-of-stake tokens.
How to Stake
Go to Earn > Staking and choose your token. For instance, you can stake BNB or Ethereum to earn interest automatically.
My Opinion
Bitcoin is still the safest asset, but I also hold small amounts of Ethereum and BNB.
4. Locked Staking for Higher Yields
What is Locked Staking?
Locked staking involves staking your tokens for a set period for higher returns.
Staking Periods and Interest Rates
For example, staking BNB for 30 days yields around 6%, while staking for 120 days can yield nearly 13%.
5. Binance DeFi Staking
What is DeFi Staking?
DeFi staking offers high-risk, high-yield opportunities.
Is It Worth It?
The yield varies. Sometimes, it’s lower than locked staking. You need to check each time to see if it’s worth it.
6. Binance Savings Products
Risk-Free Earnings
Binance Savings is a risk-free strategy to earn a guaranteed principal.
How to Use Binance Savings
Search for Bitcoin, tap Auto Transfer, and earn daily interest. This flexible option allows you to withdraw anytime.
7. Earn from Airdrops
What Are Airdrops?
Airdrops are free giveaways of cryptocurrency.
Why Hold Crypto on Binance?
Since 2017, Binance has occasionally distributed free airdrops to users’ spot accounts.
8. Binance Visa Card and Referral Program
Binance Visa Card
Earn cashback while shopping with the Binance Visa Card.
Referral and Affiliate Program
The Binance Referral Program offers high earning potential. As a Binance affiliate, I help people earn through referrals, and I’ve earned over $2,170 from a single click.
Learn More
Check out my playlist, Make $10,000 a Month with Affiliate Marketing, to learn more.
Conclusion
If you want detailed guides on how to make money with each of these methods, check out my playlist Earn Money on Binance, where you will find step-by-step tutorials.
