A Beginner's Guide to Earning Passive Income With Crypto
What will happen when I’m holding Locked Staking?
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
You can earn cryptocurrency then this cryptocurrency you can convert any currencies.
This article will go through some of the ways that you can earn a passive income with crypto.
# What are the ways you can earn passive income with crypto?
The simple way to Lend & Earn
Whatever your profession, you have plenty of choices to earn passive income in the cryptocurrency space. What makes lending very convenient is that you can enjoy gains regardless of how the wider market is performing.
In this article, we will discuss how Binance Lending works, what types of lending products you can choose from, and how you can get your funds to work!
If you already have a Binance account, it is easy for you to get involved. If not, ”Register Now” so that you can take part in this new financial revolution! how to create Binance account ? Get video tutorial. Click Here!
What is Binance Lending and how does it work?
Binance Lending lets you easily grow your wealth by accruing interest on your funds. You can choose from a wide variety of options, including Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), Tether (USDT), and many more.
There are two types of lending products on Binance Lending. Flexible Savings and Locked Savings.
What are Flexible Savings?
Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time.
What are Locked Savings?
How to use Binance Lending
Using Binance Lending is very easy; it won’t take you more than a few clicks!
Log in to your Binance account. If you don’t have an account, register and create one in minutes.
How to create Binance account? Get video tutorial. Click Here!
Hover on Finance on the top bar, and click on Savings.
Click on Products.
Select the type of lending product you’d like to use: Flexible Savings or Locked Savings.
Select the product you’d like to subscribe your crypto to, and click on Subscribe. You’re done!
Need video tutorial for using Binance Lending? Click Here!
Earn More Rewards with Binance Staking
Binance Staking, dedicated to increasing user staking income!
What is Locked Staking？
Locked Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. For more on staking, REGISTER NOW! and then please refer to Binance Academy.
how to create Binance account ? Get video tutorial. Click Here!
What’s the difference between Flexible Staking and Locked Staking？
Flexible Staking: You can obtain interests by holding cryptocurrency which supporting by Flexible Staking. No need to lock, and you can trade anytime. It’s suitable for users who needs flexible asset but it has lower returns. Locked Staking: You can obtain interests by holding cryptocurrency which supporting by Locked Staking. During the locked period, withdrawing and trading are not supported. It‘s suitable for users who need to hold coins for a long time and higher returns.
We will reduce the cryptocurrency amounts which you’re holding in your spot wallet.
We have some operations of a blockchain network. For more on staking, REGISTER NOW! and then please refer to Binance Academy. how to create Binance account ? Get video tutorial. Click Here!
What will happen in a redeem period?
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.