Bitcoin Forum

Binance has a few great ways to make money that you can refer to such as:
Flexible staking (you can stake the coins supported by Binance, enjoy interest and withdraw at any time)
Hold BNB to receive airdrop SXP token
and many other ways.
Maximum profit is never redundant.

We are fully aware, thanks for sharing, binance exchange is a very promising centralized exchange that promised to expand crypto adoption rate in their ways, they end up doing it anyways, there are many way one can make profits on this exchange compared to other top exchanges, you can hold BNB token to get qualified for IEO launchpad tickets too 👍

That's a good idea, but for me, I would never rely on that as the price of the coin we are holding is so volatile, staking would only increase the number of coins you are holding but we don't hold its value. For me, I will enjoy the volatility by trading, which means most of the activity in Binance is short term trading, and those little extras are only extras. Honestly, Binance has a lot of offers that are always risk free, but I haven't check all of them.

I prefer trading on binance instead of staking, there are few staking altcoins that are now down in value, I don't know if they will recover, if I have to stake then I will stake coins that aren't volatility like USDT or BUSD, trade or invest on IEO

There are many programs offered by Binance, but staking or holding BNB is not enough to have a lot of money,
you also need to trade, because the profit from trading is more than staking or holding BNB.

True, binance has those. Nut are those % really the best you can do/get with your crypto.
I can tell you now, some % are less than half what you'd get if you staked them yourself in your wallet

People who cant make money from trading are happy with these ideas. However, as far as I am concerned, freebies, airdrop and interest rates does not sastify me. As a trader, I understand the concept of making money with trading. Those methods you bring up above do not make you rich. You will be forever a guy who just try to collect a little by little.

By trading, you can accumulate your capital over a long period of time. Consistency is the key to be a successful trader. And when you have mastered all trading elements, you will never ever want to earn money from any sort of airdrop. Try to spend your time to learn new knowledge instead of begging people to give you free money  ::)

Thanks for the info, actually I already know about staking, but I just found out that Binance Exchange can stake coins, I just see Binance as a big exchange, thanks again for the info

Binance is a very reliable exchange but I don't have the courage to stake my coins on the exchange, I believe that no web security is forever unbreakable so I don't feel comfortable, I prefer trading on binance and withdraw my profits instantly

Binance coin is my favorite coin actually. Its one of the coin that when you hold you ripped all the benefits of every promotions and reward in their exchange.

1. IEO - this is one of your privilege got a chance to win tickets for good projects.
2. Launchpool - By simply staking bnb, and even busd you are earning tokens. This is advisable if you are whales surely you can earn decent tokens.
3. Savings - same goes for launchpool, and recently they introduced binance vault which is a combination of different rewards in one.

I think I always retain holding bnb till the end. Im sure CZ will always have some gifts to bnb holders.

if you have a lot of capital, maybe 50% you can join the program, and 50% to trade,
because the staking and holding program also doesn't have much profit, of course it's very less than what you want.
but I appreciate the program, because only top exchanges have it.

these are already well known opportunities, and you need a big capital from scratch before building a passive reward on binance.
if you have just few cents (btc / few hundreds of dollars) you risk just to pay more in fees for deposit and withdrawal. however it's important as reminder that staking not well known coins is a risks, since despite they provide an interest they can dump heavy on the market and raise to 0 any previous gain.

Its not easy for holding BNB received SXP, I have try with holding above 10 BNB in my wallet and received only 1 sxp, how benefit is it with higher amount just received little reward, better I trade my coin than have hold only without get huge income. I think if worry with lost by trading better for staking coin to be BNB or trx just for TRX not have stable price, some time up and some time drop lower price. But I dislike with holding or staking and more interested to get risk by trading because we can earn much profit than just staking or holding only because when getting good coin could be pump to higher price.

I am always afraid to put a lot of money in exchanges. Receive that interest by giving up the custody of your coins is a risky.

There are so many horrible histories of people who lost funds in Mt. Gox or some other exchanges.

Let's no forget that Mt. Gox was even bigger than binance in market share.

Agreed with you, there are lots of ways to earn in Binance even if you're not going to trade. Adding to what you stated, they also have this Learn and Earn Program. Binance has lots to offer to its users which the reason why they got the trust of their users on all their programs that are being launched.

Well, Binance is Binance and no one can replace them.

They also give you IEO ticket for each 50 BNB holded on average. You get an opportunity to participate in the IEO if you got selected. If not, you'd still get a small airdrop. If you don't have enough crypto to hold 50 BNB, you can participate in the new Launchpool which provides a high percentage of coins for short period holding BNB or some other coins locked. There are occasional high percentage locked rewards for several coins.

I have been seeing to offers on binance but i have never dare to try anyone since i don't usually keep a lum sum in the exchange anyways, the flexible staking seem like a good one but i feel it will require for someone to put a reasonable amount of money in other to earn a good profit, binance is a trusted exchange, maybe some day i may try the flexible staking option, try it for a month or so and see the outcome.

Thats correct Binance offers huge passive income opportunity to those who has a lot of crypto holdings for staking aside from trading if you dont know how to trade then staking might for you and at the same time holding BNB has huge benefits if you have a lot of it the more you hold the biggest possible income you can received like from SXP airdrop or like this one https://www.binance.com/en/deposit-airdrop also they are offering liquid swap if you want to be a liquidity provider https://www.binance.com/en/blog/421499824684901066/Get-Up-To-45-APY-with-Binance-Liquid-Swap

Imagine, you are doing this and only got 5-10%.

But, when the market crash or going down your BNB can decrease more than %. IMO still risky at all because you need to hold BNB and if you don't have BNB or not enter with the lowest price of BNB can make you losing on estimation BNB because of the market drop.

If you enter/have BNB from maybe 3-5 month ago, still safe to do this because having BNB with the deep price.

The staking profits that you are talking about at binance are offered at below par rates so once i checked them never got back to use them because their are many other platforms available now that offer competitive returns without any fixed deposit or  strict rules.

yes this also one of those good factors when you hold BNB coin, the chance to participate with IEO's mostly brings great benefits, knowing how binance handled this kind of offering, you need to invest and wait till the value brings you decent profits while also holding your binance coins and wait for the value also to rise.

If you do not like to stake but looking for consistent returns with no time limits and you are allowed to withdraw anytime you want then you have many options now from defi to cefi you can chose many better options and higher returns than what binance is offering at the moment.

Not all of them guarantees money though, you do not have to trade it but you are still risking it anyway, you could definitely lose some money while doing these. However the bigger possibility would be not making anything that worths anything. You could get involved with 50 bnb, you could wait for a whole month and you could leave with 51 bnb at the end.

Now that is not bad because you at least made something and if you do it for 12 months that means your 50 bnb will be 62 and a bit more, which is fine and understandable.

However there are tons of people who do not like this type of increases in the crypto world, they would want a lot bigger ones and I would understand, we are living in a fast world where 20%+ profits are made weekly which is why I think this method is good but not enough for many.

I was also looking for somerhing where i should not have to trade but i could earn something decent so my research took me to platforms like nexo, celcius and blockfi etc out of which i have selected nexo because it looks solid and the returns are also competetive that are around 10% apr.
If you guys have some better options i will keep checking this thread to stay updated.

a lot of ways to earn money on binance exchange beside trading, even without investing for example binance refferal program, you don't need to drop your money in binance but you can make money with refferal program buddy
and maybe this link will be useful too https://www.binance.com/en/earn

Binance was not a cool exchange because the earning free coins they cause Binance was actually a cool exchange because it usually be the first exchange to create or integrate new innovations in the crypto exchange setting.
With that been said, there airdrop participants indirectly make an investment (since they have to some certain amount of BNB) before they can earn free coins and this is Binance own way of encouraging investors to buy and hold BNB.

Other platforms are also offering the same like nexo and Crypto.com. But if not confident with these, you can stake on better wallets that you are holding the balance.
Unlike with exchanges, you don't hold them as your own crypto because you don't have the keys.

I rather trade to make profit than to rely on stake to earn on binance, the APY is usually low and it favors the rich. Holding some altcoin in a bull run when I ought to be in bitcoin will be crazy like we are experiencing today.

All Binance members are holders of the BNB exchange coin, because it gives discounts when trading. But in addition, holding BNB gives you the opportunity to participate in IEO, as well as receive passive income. Recently, a new BNB yield aggregator was added to the exchange, which allows you to get better APY returns: https://www.binance.com/en/bnbmining