Did you know that there is a more efficient, safer, and easier way to generate income from cryptocurrencies? In this article, learn how you can earn money with crypto using Binance Earn and cash out with Binance P2P.
There are many ways to earn money with crypto, but one of the simplest ways involves using the Binance P2P product in tandem with Binance Earn.
Binance P2P lets users buy and sell cryptocurrencies directly with other users, while Binance Earn allows new and experienced crypto users to easily earn money on their existing crypto assets.
There are many ways to generate passive income with Binance Earn, from savings products with flexible and locked terms to more advanced products including DeFi staking, automated market makers (AMMs) and more.
Binance users can transfer crypto assets from Binance Earn to Binance P2P and sell their crypto assets easily in exchange for their preferred local currency.
Many venture into the much-hyped and tempting world of cryptocurrencies in hopes of making some money. Users just starting their crypto journey are faced with a barrage of offers from companies promoting easy income generating opportunities that seem highly effective—at first glance.
There are many ways to earn small amounts of cryptocurrencies, including airdrops, contests, sales rounds, bug hunts, sign up promotions, and more. However, most of the more profitable practices like trading, interest earning products, or mining often have a higher barrier of entry and may seem complicated and inaccessible for crypto novices.
Though many of the financial mechanisms within DeFi space are risky and often bear minimal returns, there is a more efficient, safer, and easier way of generating income from cryptocurrencies. The Binance P2P exchange provides crypto users with the opportunity to earn crypto rewards from Binance Earn.
This article will help explain the interface and how the products provided by Binance work. But first, let’s take a closer look at what Binance P2P is and what it has to offer.
What Is Binance P2P?
Binance P2P is a cryptocurrency exchange that has won the trust of millions of users. P2P stands for “peer-to-peer”, meaning that the trading process takes place directly between the buying and selling parties. There is no need to engage any third-parties for mediation since their role is assumed by the exchange itself, which ensures the safe conduct of every transaction. Users are protected from fraud by the platform’s mechanisms, which will not conduct any transaction until both parties confirm that its underlying terms have been met.
The process is similar to that of an exchange, where users give away a certain currency and receive another in exchange. But how does this work in practice?
It’s actually very simple and reminiscent of any real-world over-the-counter transaction. You post your offer and set the main parameters, including the amount, price, and method of payment. The buyer accepts your offer and the funds in your wallet are temporarily frozen. The transaction is registered by the platform, and the buyer must complete the payment within a certain period of time. The platform then confirms the payment, which releases the frozen assets from custody and deposits them into the buyer’s account.
During this process, the Binance P2P platform takes on a minimum role, which results in a significant reduction of commission fees (down to zero!), but at the same time providing users with a high degree of protection from dishonest buyers and sellers.
Binance P2P is available in more than 180 countries, allowing users from all over the world to trade cryptocurrencies safely and quickly with minimal fees involved. In addition, Binance P2P supports a huge number of currencies and digital assets to meet users’ needs.
What Is Binance Earn?
Binance Earn allows users to save and grow the value of their crypto assets without requiring much time, effort, and in-depth knowledge. This method of passive income generation allows users to go beyond HODLing.
There are several ways to generate income using Binance Earn. Let’s take a look at each of them separately.
Flexible Savings. This method involves receiving interest rewards just for keeping funds in a wallet. If the user suddenly changes their mind, they can withdraw the deposit at any time. Not a bad option if one has a temporarily idle amount of money.
Locked Savings. This method is similar to Flexible Savings but differs by offering a higher interest rate and limited access to the frozen assets. In this case, the funds are blocked for a specific period of time, usually from 7 to 90 days, during which the funds will not be made available for use.
Activities. These are events and offers that are valid for a limited period of time. They are often more profitable than holding locked savings, but require users to keep an eye out for them so as not to miss the opportunity.
Locked Staking. This method is similar to Locked Savings, but offers rewards in exchange for staking crypto. Staking some coins gives more flexibility in managing staked crypto, as Locked Staking releases user funds after 48-72 hours. Read more on How to Use Locked Staking.
Launchpool. This is a platform for mining new tokens that are launched on the exchange. Users can send their funds to the pool to mine a new token, thus financing their launch. The invested assets are blocked, but users do not lose control of them and can withdraw them at any time.
Dual investment. This method allows users to be exposed to two currencies, in exchange for a significantly higher yield in a short amount of time. Users have the flexibility to choose desired strike price, APY, and deposit duration. The return will be in one currency or another, depending on the conditions.
Binance Liquid Swap. This tool gives users the opportunity to become an Automated Market Maker (AMM) by depositing tokens, thus providing liquidity, and receiving interest on the exchange of the tokens.(Video) How to Start A Crypto YouTube Channel & Earn Money
BNB Vault. A safe and hassle-free tool for users who do not want to get into any of the complexities of figuring out crypto asset strategies. This aggregator combines all the methods described above to generate income.
All you need to start earning is to buy the tokens you need using Binance P2P, and then send them to Binance Earn. And that’s that.
How To Buy Tokens Using Local Currencies On Binance P2P
There are several ways to buy cryptocurrencies on Binance. Follow these instructions if you want to buy tokens with USD.
Visit the Binance homepage. If you are already registered on the exchange, just log into your account and go directly to step 4. If you don’t have an account, click on the “Register” button.
Enter your email address and create a secure password. Then read the license agreement and click on “Register”.
Now you need to verify your identity and set up a convenient payment method.
Click on “Buy Crypto” and then on the “P2P Trading” button.
Click on the “Buy” button, then select the coin you are interested in. Set the values you need in the “Price” and “Payment” filters. After the list of offers appears on the screen, select the desired offer and click on “Buy”.
Enter the amount in the original currency or the desired amount of crypto and click on “Buy”.
The details of the operation will appear on the screen. Confirm the amount and method of payment.
The seller completes his end of the deal and the transaction is completed.(Video) Binance Tutorial = $100+ Every Day For FREE!! - (Make Money On Binance)
Watch the following video tutorials for more information:
(Video Support) How to Buy Cryptocurrency on Binance P2P (App)?
As you can see, Binance P2P is very simple to use. In case of any unforeseen circumstances or questions about the transaction, you can use the chat window to communicate directly with the buyer. If you want to buy cryptocurrencies using a credit card, you need to go back to step 4 and select “Credit / Debit Card”.
Next, enter the amount of fiat you want to spend on the purchase, and the system will automatically calculate the number of tokens you can buy. Then click on “Add New Card”.
Next, enter your card details and billing address, then confirm the information. You will be redirected to your bank page to complete the payment. Just follow the instructions there.
How To Transfer Assets From a P2P Wallet To a Spot Wallet
In some circumstances, you may want to trade on a traditional cryptocurrency exchange. To transfer your funds from Binance P2P to Binance’s cryptocurrency exchange, you’ll need to move your funds from your P2P wallet to your Spot wallet.
The term “Spot” comes from “Spot Markets”, which are markets where financial assets can be traded for immediate delivery—or “on the spot”. Most mainstream exchanges connect buyers and sellers to Spot markets by default. Your aptly named Spot wallet stores the funds you can use to trade on Binance’s spot markets.
The first way to transfer your tokens from a P2P wallet to a Spot wallet is the easiest. When you purchase some tokens, a corresponding button will appear on your screen. However, if you don’t take advantage of this opportunity, you will need to perform several actions to transfer your money at a later time.
1. On the top navigation bar, tap the “P2P” button.
2. Select the coin you want to transfer from the list of assets that appears on screen and tap “Transfer”.
3. Select “Spot Wallet” in the upper right field and enter the transfer amount. Tap “Confirm Transfer”.
4. Verify the amount transferred to your spot wallet by going to the “Fiat And Spot” tab.
Navigating The Binance Earn Wallet
To open your wallet, visit the Binance home page and click on the “Wallet” button on the top navigation bar.
On the next page, you’ll see the various account types on the left panel. Open the “Spot Account” tab to see your total Spot wallet balance. If you want to see all the ways you can buy and sell tokens with fiat currency, select the “P2P Account”. There is also a “Pool Account” and “Savings Account” tab. You can also view your transaction history and futures and margins statistics there.
Visit the “Savings Account” tab to see your Earn wallet. Here, you can view the statistics of your rewards for a certain time in dollars and tokens and monitor all active assets. The “Flexibles” button allows you to see all token assets that are available for use. The “Locked” tab displays your funds that are locked in pools or on deposits, while the “Activities” tab allows you to check current offers and potential yields.
How To Earn Interest On Your Crypto Assets And Cash Out With Binance P2P
To redeem and withdraw funds from your wallet, click on the “Wallet” and then on the “Earn”. Select the desired coin from the list of available assets and click on the “Redeem” button on the right side of the page. The operation will be launched instantly and the funds will be transferred shortly to your “Spot” wallet. To cash out the crypto, transfer it to the “P2P” wallet to sell it to other crypto users.
To learn more:
(Video Support) How to Sell Cryptocurrency on Binance P2P (App)?
(Video Support) How to sell crypto on Binance P2P using Lite Mode
(Video Support) How to use P2P Express Zone to sell crypto?
Binance Earn provides many flexible tools for generating passive income. Beginners will find it easy to get accustomed to the platform’s intuitive interface in no time. If you are looking for ways of generating some returns on your cryptocurrency holdings, you now know where to find them.
The Binance Earn APR calculator helps you estimate your rewards using Flexible Savings or DeFi Staking on Binance Earn. All you have to do is type in the cryptocurrency, type of investment, and subscription time. The calculator will then compare the potential rewards you can earn in cryptocurrency over a select period. Helping you make an informed decision. APR does not display the actual or predicted returns/yield in any fiat currency.
8 Best Methods to Make Money with Cryptocurrency in 2022
Investing in Presales & Top New Coins Early - Get the Best Price Possible on Favorable Coins such as Dash 2 Trade and RobotEra. Staking and Interest - Earn Passive Income on Idle Crypto Coins. Play-to-Earn Games - Generate Free Cryptocurrency by Playing NFT Games.
- Staking and Lending.
- Crypto Social Media.
- Airdrops and Forks.
- Signup Bonuses and Promotions on Crypto Exchanges. Some crypto platforms and exchanges offer a registration bonus. ...
- Crypto Staking. ...
- Airdrop Participation. ...
- Learn and Earn. ...
- Crypto Lending. ...
- Playing Gaming (P2E), Exercising (M2E) ...
- Crypto Mining. ...
- Taking Surveys.
So here the easiest ways to monetize your cryptocurrency WordPress site:
- affiliate programs.
- mining plugins.
- website and mobile ads.
- guest posts.
Here's all you need to learn regarding generating income from day trading if you're only commencing out with cryptocurrency. By investing roughly $1000 while monitoring a 10% increase solely on a single combination, it is possible to earn $100 every day in bitcoin.What is the easiest crypto to earn? ›
Brave Rewards are by far the easiest way to earn free crypto. Just use the Brave web browser with Brave Rewards turned on. You can Start using Rewards to add in free Basic Attention Tokens (BATs) without doing anything special like a course or game.Can you still get rich from crypto? ›
There's no denying that some cryptocurrency traders have become millionaires thanks to their successful investments. What's not as often discussed is the great number of people who have lost significant sums trying to become rich by investing in crypto.Can you make money in crypto everyday? ›
Day Trading Cryptocurrency
Nonetheless, day trading can be another way to make money with cryptocurrency, just like it is with stocks or other securities. Day traders buy and sell assets within the same day, in order to try and score a quick profit.
Making money with Bitcoin (BTC) has become increasingly difficult in 2022. Prices have tumbled amid a widespread crypto crash. Promises of free Bitcoin are often scams. Bitcoin mining, once accessible to individual investors, is now so competitive that it's rarely a profitable venture for those with small setups.Can I earn ethereum for free? ›
You can anywhere earn free Ethereum and 40+ Cryptocurrencies with BuyUcoin Scratch Card upto Rs 1000 per day on Signup, Referral, Affiliate Commissions, Trading, Deposit, Staking, and more. Are there any assured rewards on earning my first Ethereum ? For Existing users - If your referred friends completes their KYC.
With its Learn program, the platform is giving away free crypto for simply learning about crypto. Currently, you can learn about Chainlink (LINK), Dogecoin (DOGE), Zcash (ZEC), Cosmos (ATOM) and others. Watch a video, take a 3-question quiz and answer the questions correctly to get free crypto.
How to get the $25 bonus? Your referrals have to stake CRO (Metal Crypto.com Visa Card Reservation) to unlock their sign-up bonus and for you to receive your referral bonus. They may purchase the CRO in-app via Credit/Debit Card, Crypto Wallet, or Bank Transfer.How many views do I need to monetize my blog? ›
Though the specific number can vary depending on the platform and the advertiser, generally speaking, a blogger will need to generate at least a thousand views per month before they can start running ads. Some bloggers may be able to monetize their blogs with less traffic.How do I monetize my blog 2022? ›
- Start Affiliate Marketing.
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- Proof-of-Stake (PoS) Staking. ...
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- Affiliate Programs.
Bitcoin has exceptionally huge trading volume and high volatility, and, overall, one can consider it a solid choice for day trading.How much do crypto traders make a week? ›
|Annual Salary||Weekly Pay|
How much money do I need to start investing in cryptocurrency? In theory it takes only a few dollars to invest in cryptocurrency. Most crypto exchanges, for example, have a minimum trade that might be $5 or $10. Other crypto trading apps might have a minimum that's even lower.What is the most profitable crypto strategy? ›
However, the primary objective of scalping is to make the most profit from the shortest price fluctuations. And thanks to the volatile nature of cryptocurrencies, scalping has proven to be one of the best trading strategies.Which crypto is good for beginners? ›
9. Bitcoin (BTC) – Best Beginner Crypto to Trade with Low Fees. Bitcoin needs no introduction, as this digital currency was what started the cryptocurrency revolution and has become the best Proof-of-Work coin on the market.
- 5 Best Long-Term Cryptocurrencies. Here are the top five cryptocurrencies with potential as long-term investments: ...
- Bitcoin (BTC) Bitcoin is the largest cryptocurrency in the world by market cap. ...
- Ethereum (ETH) ...
- Cardano (ADA) ...
- Polkadot (DOT) ...
- Chainlink (LINK) ...
- 4 Tips for Investing In Crypto.
- Ethereum. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. ...
- Tether. ...
- Polygon. ...
- XRP. ...
- Binance Coin. ...
- Cardano. ...
- Shiba Inu. ...
There's no denying that some cryptocurrency traders have become millionaires thanks to their successful investments. What's not as often discussed is the great number of people who have lost significant sums trying to become rich by investing in crypto.How can I earn daily? ›
- Work as an Insurance POSP. ...
- Look for Freelancing Work. ...
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- Start Blogging. ...
- Sell Your Digital Products. ...
- Look For Translation Jobs Online. ...
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Most of the time, the key is focusing on the percentage of profits you've already made. People have different preferences depending on how much risk they're willing to take. However, most traders target at least 50% before they take profits. That being said, you can target 100% profits too before you decide to take.How much should I invest in crypto every month? ›
How Much Crypto Should You Own? Most experts agree that cryptocurrencies should make up no more than 5% of your portfolio.How do I trade crypto daily? ›
The simplest way for you to get started is to open an account with one of the leading centralized crypto exchanges (e.g. Coinbase or Kraken), fund your account with fiat currency, and buy your chosen currency. From there, you can use one of the below day trading strategies to start day trading crypto.Can I mine Ethereum on my phone? ›
While it is possible to mine cryptocurrencies using a smartphone, solo mining is generally not recommended for two reasons: Mining will put an incredible amount of stress on your smartphone, shortening its lifespan and potentially ruining its hardware. The returns you get are not worth the effort.How can I get a free Shiba Inu coin? ›
- Signup. Signup for Buyucoin Referral Program. No signup fees or hidden charges.
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- Choose a Cryptocurrency Exchange. You can't purchase cryptocurrency through a bank or an online brokerage like Fidelity or Vanguard, so you'll have to use a cryptocurrency trading platform. ...
- Fund Your Account. ...
- Place an Order for Ethereum. ...
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Crypto mobile mining can be performed on iOS and Android systems via solo or pool mining services. Cryptocurrencies like Bitcoin (BTC) are created using a distributed computing process called mining.How long does it take to mine 1 Bitcoin? ›
It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. More commonly and reasonably, most users can mine a Bitcoin in 30 days.Can I mine Bitcoin on my laptop? ›
While mining bitcoin on an individual computer is no longer viable, there are other cryptocurrencies that you can still mine at home if you're prepared to put in the effort. Updated 12th October 2022.Is there a free crypto wallet? ›
Guarda is a free, all-purpose crypto wallet whose users can access their crypto via mobile, desktop or browser extension. It says it supports more than 400,000 digital assets. Users of Guarda can move crypto into cold storage through an integration with the hardware wallet Ledger.Are there free crypto coins? ›
Sign up with an exchange
The good news is that this is among the safest options if you're looking to score free coins, though you'll need to put up some yourself. Some of the exchanges offering free crypto include the following: Coinbase. Gemini.
Methods For Earning Free Bitcoin
You can get free bitcoin by joining cryptocurrency mining. By doing mouse clicks you can also earn free bitcoin. you can earn free bitcoin by typing captcha codes. By creating, spreading, and getting clicks and traffic on your shortlinks you can get free bitcoin.
- Choose the Right Blogging Niche (a Profitable One)
- Improve Your Content Skills.
- Choose a Traffic Source (Google Search or Facebook)
- Grow Your Email List with Pop Ups.
- Begin Monetizing with Affiliate Programs.
- Develop a Unique Mechanism.
Many blog owners earn a modest $200 to $2,500 a month in their first year of blogging. Established bloggers who implement strong monetization strategies earn $3,500 to $15,000 monthly. Top bloggers can earn seven-figure incomes from their blogs. There are different types of roles and streams of income for bloggers.How do you know if your blog is successful? ›
- Page Views.
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- Digital marketing.
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- Health and fitness.
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- Wix (www.wix.com)
- WordPress (www.wordpress.org)
- LinkedIn (www.linkedin.com)
- Weebly (www.weebly.com)
- Medium (www.medium.com)
- Ghost (www.ghost.org)
- Blogger (www.blogger.com)
- Tumblr (www.tumblr.com)
There are five main ways bloggers make money: ads, affiliate marketing, sponsored posts, products, and services. In this article I am going to break down what each of these so that anyone can understand how bloggers make money and get paid.How do I get instant cash from crypto? ›
- Use a crypto debit card like the BitPay Card.
- Sell crypto for cash on a central exchange like Coinbase or Kraken.
- Use a P2P exchange.
- Seek out a Bitcoin ATM.
- Open the Crypto.com App and go to "Accounts"
- Open your Crypto Wallet.
- Press the "Transfer" button.
- Press "Withdrawal"
- Select "External wallet"
- Locate and select the whitelisted wallet address.
- Enter your passcode or confirm using biometric ID.
- Use A Centralize Exchange. One of the easiest ways to convert crypto into cash is to sell it from an exchange. ...
- Peer-To-Peer Crypto Exchange. ...
- Sell From Your Wallet. ...
- Money Transfer Apps. ...
- Crypto Debit Cards. ...
- Bitcoin ATMs.
- Tax Implications. ...
- Trading Fees.
In general sending Bitcoin can take anywhere from seconds to over 60 minutes. Typically, however, it will take 10 to 20 minutes. In order to understand how long bitcoin transactions may take, it's important to understand what occurs when sending bitcoin.Which crypto wallet is best? ›
- Coinbase Wallet - Best for Beginners.
- MetaMask - Best for Ethereum.
- TrustWallet - Best for Mobile.
- Ledger Nano S Plus - Best Crypto Hardware Wallet.
- Electrum - Best Desktop Bitcoin Wallet.
- BlueWallet - Best Mobile Bitcoin Wallet.
- Exodus - Best for Desktop.
The simplest way for you to get started is to open an account with one of the leading centralized crypto exchanges (e.g. Coinbase or Kraken), fund your account with fiat currency, and buy your chosen currency. From there, you can use one of the below day trading strategies to start day trading crypto.How do I transfer crypto to my bank account? ›
Making a withdrawal requires the following steps:
- Click on “TRANSFER” on the home screen of your app.
- Select “WITHDRAW”
- Pick “CRYPTO”
- Choose “External Wallet”
- Find the withdrawal address you whitelisted and tap “Withdraw”
- Enter the amount needed and tap “Withdraw”
Cryptomania is a great app for learning the basics of crypto currency investment. It is ideal for beginning traders and investors. Cryptomania will help you get a first look into the crypto currency market. The app itself is a demo stock market (simulator), where you can take on the role of a trader.Is crypto hard to cash out? ›
Thankfully, withdrawing crypto is often fairly painless, although the level of ease will vary depending on the platform that you use. To cash out Bitcoin, you'll first sell it using your preferred crypto exchange, a payment platform, or Bitcoin ATM. From there, you'll withdraw funds to your bank account.Has Crypto COM been hacked? ›
Crypto.com Finally Admits It Lost $30 Million in a Hack | WIRED.Why is crypto crashing? ›
While there are plenty of factors affecting crypto's overall volatility, the main source of this sudden crash is the downfall of FTX, one of the most prominent crypto exchanges.Is Bitcoin real money? ›
Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger.How safe is cryptocurrency? ›
Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.Does crypto sell instantly? ›
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly.How long does it take to cash out crypto to bank account? ›
The ACH bank transfer system typically takes 3-5 business days to complete after initiating a sell or withdrawal.