Digital Currency

How to earn cash with digital currencies

Did you know that there is a more efficient, easy and secure way to generate income from cryptocurrency? In this article, you will learn how to earn cryptocurrency cash using Binance earnings and convert them into cash through the Binance P2P platform .

BINANCE EARN

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There are many ways to make money with cryptocurrency, but one of the simplest ways involves using the Binance P2P platform product while earning from Binance at the same time.
The Binance P2P platform allows users to buy and sell cryptocurrencies directly with other users, while Binance Earnings allows new and experienced users to easily make profits on their existing crypto assets.
There are many ways to earn passive income with Binance earnings, from savings products with flexible or reserved periods, to advanced products that include decentralized fund storage, automated market makers, and more.
Binance users can transfer digital assets from their Binance earnings to the Binance P2P platform and easily sell their digital assets in exchange for their preferred local currency.

Many are venturing into the attractive and now highly publicized world of cryptocurrency with the hope of making some cash. Users who have just begun their journey in the world of cryptocurrency are faced with an avalanche of offers from companies touting easy monetization opportunities that seem very effective—at first glance.

There are many ways to earn small amounts of cryptocurrency, this includes giveaways, contests, sales tours, bug quizzes, sign up offers and many more. But most lucrative practices such as trading, interest-bearing products, or mining often have higher entry barriers and may seem complex to beginners in the cryptocurrency world.

Although many of the financial mechanisms in the world of decentralized finance are risky and often yield meager returns, there is a more efficient, easy and safe way to earn income from cryptocurrencies. The Binance P2P platform offers cryptocurrency users the opportunity to earn cryptocurrency rewards from their Binance earnings .

This article will help you understand the user interface and how the products offered by Binance work, but first let's take a closer look at the Binance P2P platform and what it offers us.

What is Binance P2P?

Binance P2P is a cryptocurrency exchange that has gained the trust of millions of users. The term P2P means "from person to person", which means that the trading process takes place directly between the selling party and the buying party, and there is no need to involve any third party to mediate between the two parties given that the platform plays this role, which ensures that all transactions are conducted in complete safety. The platform's mechanisms protect users from fraud as it will not allow any transactions to take place until both parties confirm that the basic conditions are met.

This process is similar to the exchange process, where the user leaves one currency and gets another in return, but how does this happen in practice?

In fact, it is simple and reminiscent of any direct transaction we have in reality, you place your offer and specify the basic variables, such as the amount, price and method of payment, then the buyer accepts your offer and the funds in your wallet are temporarily frozen. The platform records the transaction, then the buyer must complete the payment within a specified period of time, then the platform confirms the payment, which leads to the release of the frozen assets and deposited in the buyer's account.

During this process, the Binance P2P platform plays a limited role, resulting in very low commission fees (as low as zero!), but at the same time offering users a great degree of protection from fraudulent buyers and sellers.

The Binance P2P platform is available in more than 180 countries, allowing users from all over the world to trade cryptocurrencies safely and quickly with limited fees. In addition, the Binance P2P platform supports a huge number of digital currencies and assets to meet the needs of users.

What are Binance earnings?

Preserving and developing the value of their digital assets
Binance earnings allow users without requiring much time, effort and knowledge. This way of earning passive income allows users to make profits from not only holding but also growing digital assets.

There are many ways to earn income with your Binance earnings, and we will briefly look at each of them separately.

Flexible savings: This method involves getting interest rewards for keeping the funds in the wallet, and if the user suddenly changes his mind, he can withdraw the deposit at any time. This option is good if you have an amount of money that you don't need temporarily.
Reserved savings: This method is similar to flexible savings but differs in that it offers a higher interest rate and limited access to frozen assets. In this case, the funds are held for a specific period of time, usually from 7 days to 90 days, during which time the funds are not available to be used.
Activities: These are events and offers that are valid for a certain period of time, and are often more profitable than the reserved savings, but they require users to follow them closely so as not to miss out on the opportunity.
Reserved Storage: This method is similar to Reserved Savings, but offers rewards for storing cryptocurrencies. Storing some coins gives you more flexibility in managing the coins in storage as reserved storage releases the user's funds after 48 to 72 hours. Learn more information at How to use reserved storage .
Launch Pool: A platform for mining new tokens that are launched on the platform. Users can send their money to the pool to mine a new token, and then fund the launch. The invested assets are reserved but users do not lose control over them and can withdraw them at any time.
Dual Investing: This method allows users to get exposure to two currencies, for a much higher return in a shorter period of time. Users have the flexibility to choose the speculation rate they want, as well as the annual return rate and deposit period. The return will be in one currency or another, depending on the circumstances.
Binance Liquidity Exchange: This tool gives the user the opportunity to be an automated market maker by depositing tokens, then providing liquidity and earning interest in exchange for the tokens.
BNB Vault: A secure and hassle-free tool suitable for users who do not want to get into the complexities of dealing with digital asset strategies, as this aggregator tool integrates all the above-mentioned ways to generate income.

All you need to start earning is to buy the tokens you need using the Binance P2P platform and then send them to your Binance earnings, that's all.

How to buy tokens using local currencies on the Binance P2P platform

There are many ways to buy cryptocurrencies on Binance, follow these instructions if you want to buy USD tokens.

Go to the Binance homepage, if you are already a registered user on the platform, login to your account and go directly to step number 4. If you do not have an account, click on the "Register" button.
Enter your email address and create a secure password, then read the license agreement and click "Register".
Now you need to verify your identity and set up an appropriate payment method.
Click on "Buy Cryptocurrency" and then on the "P2P Trading" button.
Click the "Buy" button, then choose the currency you want, and specify the values you want in the "Price" and "Payment" filters. After the list of offers appears on the screen, select the offer you want and click on "Buy".
Enter the amount in the original currency or the desired amount of cryptocurrency and click "Buy".
Transaction details will appear on the screen, confirm the amount and payment method.
The seller completes their part of the transaction, and then the transaction is complete.

As you can see, the Binance P2P platform is very easy to use, in case of any unforeseen circumstances or if you have questions about the transaction, you can use the chat window to communicate directly with the buyer. If you want to purchase cryptocurrency with a credit card, you will need to go back to Step 4 and select "Credit/Debit Card".

Next, enter the amount of approved local currency that you want to spend on purchases, and the system will automatically calculate the number of tokens you can buy, then click "Add New Card".

Next, enter your card details and billing address and confirm the information. You will be redirected to the bank page to complete the payment process, follow the instructions shown there.

How to transfer assets from a P2P wallet to an instant wallet

In some circumstances, you may wish to trade on a traditional cryptocurrency platform. To transfer your funds from the Binance P2P platform to the Binance cryptocurrency exchange, you will need to transfer your funds from the P2P wallet to the spot wallet.

The term "spot" has its origin in the spot markets, which are markets in which financial assets can be traded for immediate delivery. The default setting of most popular trading platforms is to connect buyers and sellers to the spot markets, and the spot wallet holds funds that you can use to trade on the Binance spot markets, which is why it is named as such.

The first way to transfer your tokens from a P2P wallet to an instant wallet is the easiest. When you buy some tokens, an OK button will appear on the screen, but if you do not take advantage of this opportunity, you will need to perform several steps to transfer your funds later.

Click on the "P2P" button on the top navigation bar.
Choose the currency you want to convert from the list of assets on the screen and click on "Convert".
Choose "Instant Wallet" in the upper right field and enter the transfer amount, then click on "Confirm Transfer".
Check the amount that has been transferred to your instant wallet by going to the 'Supported local currency and instant wallet' tab.

Binance earnings portfolio tour

To open your wallet, go to the Binance homepage and click the "Wallet" button on the top navigation bar.

On the next page, on the panel to the left, you'll see the different account types. Open the Instant Account tab to view your total balance in the Instant Wallet. If you want to view all the ways you can buy and sell tokens using the approved local currency, choose the "P2P Account". There is also a tab for "Collection Account" and "Savings Account". You can also view transaction history and futures and carry trade statistics there.

Go to the Savings Account tab to view the Binance earnings portfolio. Here you can view time-specific bonus stats in USD and tokens and monitor all active assets. The 'Flexible Products' button allows you to see all the token assets you can use, the 'Reserved Products' tab shows you funds held in pools or deposits, and the 'Activities' tab allows you to view available offers and potential revenue opportunities.

How to earn interest on your digital assets and convert them into cash with the Binance P2P platform

To redeem and withdraw funds from your wallet, click on “Wallet” then on “Earnings”, choose the currency you want from the list of available assets and click on the “Redeem” button on the right side of the page. The process will be launched instantly and the funds will be transferred after a short time to your instant wallet. To convert cryptocurrency into cash, transfer it to a P2P wallet to sell to other cryptocurrency users.

Conclusion

Binance Earnings offers you many flexible tools to earn passive income. Beginners will have no difficulty at all in quickly getting used to the platform's user-friendly interface. If you are looking for ways to earn some returns on your cryptocurrency balances, now you know where to find what you are looking for.

Binance Earn Now

Create an account now, verify it, and enjoy welcome bonuses of up to $100! Click here

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Digital Currency: How To Earn Cash With Digital Currencies