We can earn Binance Coin (BNB) through tarding, crypto savings, staking, airdropping, working for BNB, Holding, and other free ways. Let’s check them together!
How to Earn Binance Coin (BNB) – Trading
The Binance platform is primarily an exchange broker that you can use to trade BNB and other coins. If you do not know how to earn BNB coin through trading, it is time to learn because this is a lucrative opportunity.
The art of buying and selling crypto to make profit involves buying and waiting for the BNB to increase in value before selling. This may not be the best way to earn free Binance Coin, but you can make it a money-making venture.
How to Earn Binance Coin (BNB) – Crypto Savings Account
Whether you open a savings account on Binance, YouHodler, Hodlnaut, BlockFi, or any other platform, you will earn BNB interest, which you can withdraw after some time. YouHodler, for example, gives a 3% APY on BNB, which is quite competitive.
Therefore, if you have free Binance Coins in your account, save them in crypto savings account to earn BNB interest that you can withdraw every week.
How to Earn Binance Coin (BNB) – Staking
Staking BNB is often confused with saving to earn crypto. Well, they both give a good cumulative interest in Binance Coin, but the difference is the platforms used. Staking occurs in DeFi platforms where the investors lock their savings for a specified time to fund DeFi projects.
The Binance Smart Chain (BSC) platform has a staking option, where the investor earns tokens for lending their digital assets. So, if you are wondering how to earn free BNB, this is a great option.
How to Earn Binance Coin (BNB) – Airdropping
With a BNB wallet, you can participate in BNB airdropping, which involves sending the coins to random wallets to promote the brand. The project details are outlined by the Binance platform or any other, and it is best if you check the details.
Airdropping has become a great lucrative opportunity to earn crypto, so anyone who is still not sure how to earn BNB coin should give this a try.
How to Earn Binance Coin (BNB) – Work for BNB
If you want to know how to earn BNB coin, you must be ready to explore many options. You can accept Binance as payment for work done or in your business. Crypto platforms obviously pay through crypto for tasks such as video watching and commenting, writing articles, and participating in surveys. If you are interested, be on the lookout for these opportunities.
How to Earn Binance Coin (BNB) – Holding
Holding is a strategy where investors save their idle BNB on an appropriate platform for some time to earn a predetermined interest called annual percentage rate (APR). One can either save on fixed-term, where you will not access your BNB until the locking period is over, or flexible saving, where you can access the BNB anytime you want. Here are some platforms you can use to enjoy BNB earning:
1. YouHodler – The BNB coin interest on YouHodler is 3% APR. This is an awesome interest rate considering that you have access to your investment at any time. YouHodler also gives loans while using your crypto coins as collateral and guarantees asset security all the time.
2. Nexo – This platform gives an 8% APR on BNB, which is an amazing BNB earning opportunity for any new crypto enthusiast out there. You will also enjoy a plethora of other benefits when you enroll on the platform.
3. Celsius Network – Crypto saving platforms are popping up everywhere these days, and Celsius Network is on top of the list. It is an interest-bearing BNB opportunity you don’t want to miss at 6.71% plus other benefits. As a rookie crypto investor, you will enjoy the user-friendly platform.
Can I Get Free Binance Coin (BNB)?
You can try the following ways to get free Binance Coin (BNB).
- Binance Coin Faucet (Read More: Top 10 Most Popular Binance Coin (BNB) Faucets 2022)
- Binance Coin PTC Sites
- Binance Coin Airdrop
- Binance Coin GameFi
- Binance Coin Bounties
- Learning About Binance Coin
- Shopping Reward
- Binance Coin Interest
- Owning a Faucet
How to Earn More Cryptocurrency?
What Could I Do With My Binance Coin (BNB)?
The main purpose of creating this coin was to raise capital for the development and expansion of the Binance exchange. Binance Crypto Exchange (one of the largest crypto exchanges) has considerable security and processing speed, and the creation of its digital currency has made it a leader in this field. You can simply convert BNB to any other cryptocurrencies on Binance and use it to pay your bills, for a service or any goods. Binance, like many other exchanges, offers discounts to higher-volume traders. But unlike other exchanges, these traders are required to keep certain amounts of Binance Coin digital currency in their account to access such discounts.
The benefits of using Binance Coin can be seen in the following:
- Has low costs in the cryptocurrency market• Ability to take advantage of discounts on Binance transactions
- Ability to use it outside the Binance trading platform
- The possibility of exchanging it with Fiat currencies
- Easy access to it via desktop, HTML5, iOS, and Android
- Perform high-speed transaction processes
- Wide access: Binance exchange allows you to trade more than 40 currency pairs
Where Can I Spend My BNB Tokens
If you already have BNB in your possession, you may be tempted to spend them. Of course, if you believe in the project that you think your investments are going to rise further in value, there is no reason to sell or use them. However, you are always free to do whatever you like with your BNB.
On the one hand, you can use BNB as you can with other digital assets, such as paying with a crypto bank card or paying your employees’ salaries. On the other hand, there are a few special ways to spend BNB that are specific to this cryptocurrency.
More About Binance
Binance is an online and international exchange. Changpeng Zhao is the founding director of Binance. Before founding Binance, he founded Fusion Systems, a company that provided IT-based financial solutions. Yi is also the second founder of Binance. Six months after the launch of Binance, Forbes Magazine published for the first time in history a list of the richest people in the world of digital currencies. In this list, Changpeng Zhao (founder of Binance) topped the list with a fortune of about $ 1.1 billion to $ 2 billion. This exchange is ranked second in the world in terms of daily transactions.
Those who visit the Binance website for the first time will quickly realize that the platform offers both basic and advanced versions for trading digital currencies. Neither the beginner nor the advanced version is easy for beginners to use. However, anyone with a background in cryptocurrencies and a little knowledge of how exchanges work should be able to use this platform and its various services.