Did you know you can earn crypto on Binance without ever trading? With Binance Liquid Swap, you can start earning rewards by simply adding your crypto to a shared pool called a “liquidity pool.” It’s like putting your money to work for you! Read on to learn how to do it step-by-step.
What is Binance Liquid Swap?
Binance Liquid Swap is a tool that allows you to earn money by depositing your cryptocurrencies into a pool that other users use for trading. In return, you receive a portion of the fees every time someone uses that pool. It's an easy way to generate passive income!
Step by step to start earning on Binance Liquid Swap:
1. Log in to your Binance account
If you don't have an account yet, sign up for Binance. It's free and only takes a few minutes.
2. Go to the "Liquid Swap" section
In the Binance main menu, look for the “Earn” option and select “Liquid Swap”.
3. Choose the liquidity pool
Here you will see several pool options. For example, you can choose a pool that combines cryptos like USDT/BTC. Choose a pool that has the cryptocurrencies you already have or are interested in using.
4. Deposit your cryptos
Click “Add Liquidity” and select the amount of crypto you want to contribute to the pool. You can use cryptocurrencies like USDT, BNB, or BTC. Make sure to check the expected rewards before confirming your deposit.
5. Start earning rewards
Once you deposit your crypto into the pool, you start earning! Binance will pay you a portion of the fees generated every time someone makes a trade in that pool.
6. Withdraw your rewards whenever you want
You can withdraw your crypto and earnings at any time. Just go back to the “Liquid Swap” section, select the pool where you added liquidity and click “Withdraw”.
Why use Binance Liquid Swap?
- It's very easy to use: You don't need to be a cryptocurrency expert to start earning.
- Generate passive income: You earn cryptos without doing anything other than depositing your funds.
- You can withdraw at any time: There are no long commitments. You can withdraw your funds whenever you want.
Start earning today with Binance Liquid Swap!
