Anyone can join the crypto sector and enjoy BNB earning together with crypto earning opportunities. BNB (Binance coin) is a cryptocurrency coin for Binance exchange with the ERC-20 standards. It is available on many platforms that support multi-coin investment such as trading, holding, staking, and more.
Most newbies are interested in opportunities that will help them earn more to grow their crypto investments, provide digital currency security, and have easy operations. BNB earning is possible through many opportunities that are straightforward to newbies. We will discuss them here to help you make the right decisions.
BNB Earning Through Holding
Holding is a strategy where investors save their idle BNB on an appropriate platform for some time to earn a predetermined interest called annual percentage rate (APR). One can either save on fixed-term, where you will not access your BNB until the locking period is over, or flexible saving, where you can access the BNB anytime you want. Here are some platforms you can use to enjoy BNB earning:
- YouHodler – The BNB coin interest on YouHodler is 3% APR. This is an awesome interest rate considering that you have access to your investment at any time. YouHodler also gives loans while using your crypto coins as collateral and guarantees asset security all the time.
- Nexo – This platform gives an 8% APR on BNB, which is an amazing BNB earning opportunity for any new crypto enthusiast out there. You will also enjoy a plethora of other benefits when you enroll on the platform.
- Celsius Network – Crypto saving platforms are popping up everywhere these days, and Celsius Network is on top of the list. It is an interest-bearing BNB opportunity you don’t want to miss at 6.71% plus other benefits. As a rookie crypto investor, you will enjoy the user-friendly platform.
BNB Earning Through Staking
BNB staking is becoming a popular BNB earning opportunity these days. If you are looking for a high annual percentage yield (APY) on your Binance coin, look for a platform with BNB DeFi staking and yield farming opportunities.
Binance platform has a program called BNB vault that combines DeFi staking, flexible saving, and yield farming for high APY under one click. Even if you are a newbie, it is not difficult to go through this and learn. The BNB coin earned is in the form of rewards, which is the norm on staking platforms. On the Binance platform, the rates change depending on some factors, but an integrated earning calculator will help you know how much you will get at the end of the staking period.
There are other BNB staking platforms you can trust including Terra, Tezos, Polkadot, and Polygon, and they are worth checking to see if they offer BNB earning opportunities and at what APY. Most of the reputable platforms are exciting to explore and easy to use for newbies. So, give them a try without fear, but always assess the risks.
Trading BNB
Binance coin is commonly traded on various exchange platforms. If you find a reputable platform where you can trade and invest in other ways we have mentioned, the operations will be easier for any newbie.
Trading on Binance exchange, in this case, is the most ideal. You can use your Binance GBP savings to trade on the platform and earn a profit. If this challenges you, make use of Binance blog space to learn from the tips they regularly share or follow a community channel dedicated to Binance to learn from experienced investors.
Simply, trading involves buying BNB and waiting to sell at a higher price. Apart from Binance, you can check KuCoin, Bithumb, Coinmama, and Coinbase platforms to see the opportunities they have for BNB earning through trading.
BNB Earning Through Airdropping
BNB is a relatively new coin on the Binance platform and it has a plethora of airdrop deals. By just signing up at the Binance platform, you become part of the millions of airdrops available. The platform has also partnered with other platforms and crypto markets to promote the coin through airdrops.
BNB earning through airdrops opens opportunities for many tokens such as SXP. So, check the token involved in an airdrop before you register. It is easy to unlock the airdrop deals, but you need to be keen to not miss these weekly or even daily deals.
Use Binance Card to Earn
Binance card just launched in Europe and will be available all over the world in the near future. It is the best way to spend your Binance Euro savings and enjoy BNB earning at the same time. Fortunately, thousands of businesses worldwide accept the Binance card, so earning the associated rewards will be easy. The best thing is that you can redeem the points at any time you want.
Conclusion
By now, it is clear how BNB earning works. These are the best opportunities, but they are not the only ones. You can research more if you want to expand your earning opportunities while you are still new in the crypto world. All the best!
