How to get a passive income on Binance

in #jobonlineclub9 days ago

Do you want to get a passive income, i.e. when you do what you want to do, and money is dripping into the wallet by itself? Most of us are very skeptical about passive income. And it is evident because there is a lot of fraud, scam, and other online and offline cheats today. However, there are still some platforms where you can get a passive income with no worries. And Binance is one of the platforms which you can trust.

get a passive income in Binance

Most of the people know Binance as crypto trading platforms. But there is another side of it.

What is a passive income on Binance

First of all, you need to have an account on the Binance platform.

how to get a passive income on binance

Then, go need to go to Finance -> Savings.

Binance savings

Savings is a key to passive income on Binance, and they can be flexible and locked.

The name tells for itself. You can subscribe and redeem flexible savings anytime. And you receive your interest from flexible saving every day. Binance offers different flexible products, i.e. tokens.

binance flexible savings

Savings can be subscribed with an auto-subscription; all your daily interest will be accumulated to the deposit. In a word, your deposit will increase daily.

binance passive income

On the other side, the locked savings have a fixed term. Usually, a min period of deposit is 7 days and max — 90 days.

There are not so many products for locked savings on Binance.

Locked savings in binance

The main advantage of locked savings is that they have a higher interest rate than flexible savings.

How to get a passive income on Binance

To make a savings subscription, all you need is just to choose the product and then to click on the Subscribe bottom.

how to deposit tokens on binance

Then the Customize Products window will pop up. You need to choose the crypto, deposit period, lots amount, and then click on Confirm purchase bottom.

You can find all your savings in Wallet -> Savings Asset tab.

how to get a passive income on binance

How much you can earn

Here is a stat of my flexible savings on Binance. The estimated value of my flexible savings is about $199.

how much can you earn on binance

As you can see, different cryptocurrencies have a different interest rate. Therefore, from different tokens, I get a different passive income. In 2 weeks of flexible savings, I received a passive income of $0.08.

Conclusion

Binance is not just a trading platform, and it is also a platform where you can put your crypto on deposit and get a passive income. You can set you tokens on a longer time and get a higher income, or you can use flexible savings and receive less interest.

Read also: How to Earn Money in HIVE

Source: https://job-online.club


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