#Concise guide to make money on Binance

3. Binance Earn (Passive Income)

What It Is: A suite of products for generating passive income without active trading.

Options:

Savings: Deposit crypto into flexible or locked savings accounts for interest (similar to a bank savings account).

Liquidity Farming: Add crypto to liquidity pools to earn a share of trading fees.

Dual Investment: Invest in two assets for varying returns based on market conditions.

How to Do It:

Go to “Binance Earn” and select a product. Deposit crypto and monitor APYs.

Tips:

Flexible savings allow withdrawals anytime, ideal for beginners.

Diversify across products to spread risk.

Risks:

Returns vary with market conditions, and some products (e.g., liquidity farming) carry impermanent loss risks.