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Right now, you have many ways to buy cryptocurrencies on Binance. While a lot of people concentrate on how to trade on Binance and make money, whether, through our trading platforms or the 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. How to make money on Binance without trading? We have eight ways below.
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. Every now and then, you can earn free crypto on Binance by farming some of your BNB or other cryptocurrencies on Launchpool. Here’s a step-by-step guide on how you can do that.
Another liquidity pool product we recently launched is Binance Liquid Swap. 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.
Since 2019, we have supported the Proof-of-Stake 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 Locked Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached. This is as close as it gets to figuring out how to buy free coin on Binance, without actually buying, and while using the crypto you already own.
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% and various opportunities for earning free crypto.
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.
Through Binance Savings, we offer several savings products to store your crypto and earn free coin on Binance 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.
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.
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!
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