Here's a step-by-step guide for beginners:
Start with Education
Before investing, take time to learn about cryptocurrencies and how Binance works. Explore the Binance Academy or beginner-friendly tutorials on YouTube.
Methods to Start Earning Money
A) Spot Trading (Basic Buying and Selling)
Buy well-known cryptos like Bitcoin (BTC), Ethereum (ETH), or low-cost altcoins with potential.
Use your $100 to buy at low prices and sell when they go up.
Example: If you buy $100 of a coin that rises by 10%, your $100 becomes $110.
B) Staking (Passive Earnings)
Use Binance’s "Locked Staking" to earn interest by holding your cryptos.
Example: If you buy a cryptocurrency like Solana (SOL) and stake it, you'll earn automatic rewards.
Perfect if you prefer not to monitor the market actively.
C) Flexible Savings (Binance Earn)
Invest your $100 in "Flexible Savings." Your funds will remain secure while earning daily returns as you decide on your next move.
D) Join Launchpads or Launchpools
Binance frequently launches new projects where you can participate with small amounts and earn rewards.
Example: Use your $100 to farm free tokens by joining a Launchpool.
E) Buy and Hold (Hodl)
Purchase a cryptocurrency with long-term growth potential and simply wait.
Example: Buy $100 worth of a promising project and hold it for months or years to see significant growth.
Tips for Beginners
Diversify: Don’t put all your money into a single cryptocurrency.
Start Small: Invest only what you’re willing to lose.
Avoid Leverage: Don’t use futures or margin trading as a beginner.
Do Your Research: Learn about the project behind each cryptocurrency before buying.
Stay Calm: The market is volatile; avoid acting on fear or hype.
Success depends on your patience, learning, and smart strategies.
