There are several ways to make $1000 per month from Binance, but it depends on your capital, experience, and the risk you can take. Here are some effective ways:
1. Day Trading
It relies on buying and selling cryptocurrencies during the day to make profits from price movements.
Requires knowledge of technical analysis and indicators such as RSI, MACD, Bollinger Bands.
Suggested Capital: $2000-5000 to achieve 5-10% monthly.
2. Automated Trading (Bots & Grid Trading)
Use automated trading bots like 3Commas or Binance Trading Bots to generate consistent profits.
You can use Grid Trading to make profits from sideways price movements.
3. Futures Trading
You can use leverage to multiply your profits, but it is risky and increases the possibility of losses.
Example: If you make 5% per month on $5,000, with 5x leverage, your profits can reach $1,250.
4. Long-term investment (HODL)
Buy strong cryptocurrencies at low prices like BTC, ETH, BNB and hold them until their value increases.
You can combine this method with Staking to earn passive income from the coins held.
5. Staking and Earn (Passive Income)
You can deposit cryptocurrencies into Binance Earn or Staking programs and earn annual returns of up to 5-20%.
Investing $10,000 in Staking at 12% annual return means $1,000 every month.
6. Referral Program
Binance offers a referral program that gives you a commission of up to 40% of trading fees for those who register through your link.
Targeting interested traders can generate a steady income for you.
7. Yield Farming & Liquidity Mining
Lending cryptocurrencies on Binance DeFi or Binance Liquidity Swap platforms and earn high returns.
Best way?
If you have experience in trading → use day trading or futures.
If you prefer passive income → use Staking and Earn.
If you have a strong network of friends → use referrals.
Which method suits you best?