I have received a small payment in Binance account , what is the best way to maximize the returns on the Binance balance? Many of the members of this forum have a binance account, so any information would be greatly appreciated.
How to maximize income on crypto in Binance wallet?
- Thread starter timewo
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The Binance exchange has many features that you can use to increase your income, such as being a trader, staking, or you need to activate the Earn feature to get interest, it all depends on you, choose what is most comfortable for you.
- Thread starter
- #5
The information provided by search engines is often not correct, I have wasted a lot of time using websites and information listed first or well on the search engines. So I would like to find out if you make money staking.
Yes, I earn by staking but not in binance but in another exchange called kraken and in decentralized wallets, but in Binance you can also do it, just look for the option, Binance is one of the most complete exchanges and has almost all the functionalities and there they have staking of many coins.
- Thread starter
- #7
Is there any specific reason why you have chosen Kraken for staking your crypto, do they offer better returns compared to Binance or is there any other reason. What is the procedure for opening an account in Kraken for staking crypto?
The reason why I chose kraken is because it has more protection than Binance, it has more options in terms of security, the returns in cryptocurrencies are similar, although Binance has more cryptocurrencies to staking, but Kraken has the ones I need, another reason why I chose Kraken, is because it is the oldest exchange in the entire crypto market, founded and operating since 2011.
Yes, it is the best, but anyway you could see some tutorial on how to use Binance, with all the people who use Binance, surely there is a good tutorial to learn.
One can maximize income on crypto in binance wallet by; staking, lending, mining, diversifying assets across various cryptocurrencies, monitoring market volatility, earning fees by providing liquidity on binance DEX, yield farming.
Trading cryptocurrency is indeed lucrative, but it's also very risky.
Most seasoned traders advice against trading futures until one is properly grounded at trading spot, and also has a winning edge together with proper risk management.
It depends on e particular coin that you were being paid in. You can swap it to a crypto with prospects and hold.
