At Binance, you have lots of opportunities to grow your asset holdings even during times when you’re not trading. In this blog, you’ll learn how to do that.
Right now, you have many ways to buy cryptocurrencies on Binance. Whether it’s through trading or using our Buy Crypto page, you have many ways to pursue a great deal for your crypto. But the deals don’t stop with just buying.
We offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform. Here are eight ways to earn crypto on Binance without trading.
Earlier this month, we introduced Binance Launchpool, which allows you to earn crypto tokens from newly launched projects just by depositing your BNB in a liquidity pool. Currently, you can earn Bella Protocol (BEL) and Wing (WING) tokens by farming some of your BNB on Launchpool. Here’s a step-by-step guide on how you can do that.
Stablecoin Benefits: ⭐️⭐️⭐️⭐️⭐️
Another liquidity pool product we recently launched is Binance BSwap. This is an automated market maker (AMM) pool product, the first of its kind in a centralized exchange, and it hosts different pools of liquidity that allow its users to exchange crypto assets with minimal slippage and earn a share of the interest generated from joining the liquidity pool.
3. Stake Your Tokens to Benefit from Binance Staking
Since 2019, we have supported the staking mechanisms of several cryptocurrencies on our platform. Simply put, storing (staking) your tokens on Binance automatically gives you the benefits of earning from your crypto token’s staking programs. With Binance Flexible Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached.
4. Subscribe Your Tokens on Binance Locked Staking for Higher Yields
Interest Maximization: ⭐️⭐️⭐️⭐️⭐️
You can also explore Binance Locked Staking and lock in your tokens for as little as 7 days to benefit from higher yields. There are six locked staking opportunities you can explore, all made possible with the participating projects’ staking mechanisms, with annual yields as high as 16%.
5. Participate in DeFi Staking
DeFi Access: ⭐️⭐️⭐️⭐️⭐️
With the advent of DeFi (decentralized finance), you can also participate in earning opportunities available for your tokens. For instance, Binance DeFi Staking has launched several products that offer annual yields of as high as 60%, using BNB, USDT, BUSD, and DAI, with more to come.
6. Earn Interest from Binance Savings Products
Through Binance Savings, we offer several savings products to store your crypto and earn from the yields they generate. You can go for Flexible Savings, where you can deposit and redeem anytime. You can opt for Locked Savings, where you secure your crypto for several days and then withdraw for bigger interest payouts.
7. Store Crypto in Your Binance Account to Earn from Airdrops
Right now, when you store BNB in your Binance account, you benefit from being part of our $16 million airdrop of SXP tokens, exclusive for BNB holders on Binance. This is a 12-week program where you can gain SXP tokens proportionate to your BNB holdings every week. Learn more about this program here. We are also looking into more opportunities like this in the future.
8. Spend Using Your Binance Card (Now Available in Europe)
We’re putting a new meaning to “You gotta spend money to earn money. With Binance Card, which just launched in Europe and will roll out to more areas soon, you earn BNB rewards when you use it to spend on thousands of supporting merchants worldwide. The cashback rate starts at 1%, and the more BNB you hold in your Binance account, the higher the rate goes, even up to 7%.
As you can see from our examples above, you can earn more assets on Binance, whether you trade or not. All you have to do is to buy crypto and join one of the many features we offer. Click the image below to open your Binance account today!