How to Make Money on Binance in 2023 | Binance Tutorial For Beginners 2023

How to Make Money on Binance in 2023

Hi, I’m Chris Winter and in this video, I’ll be going over how you can make money on Binance this year!

For those looking to invest in any kind of cryptocurrency, I can’t recommend Binance enough.

It has low fees, great charting options, and hundreds and hundreds of cryptocurrencies to choose from!

Let me preface by saying by no means am I’m not a financial advisor, but it definitely won’t hurt if you take my advice.

With that out of the way, let’s go over what Binance is for beginners and how you can take advantage of this current bear market and rocket to the moon this year.

What is Binance?

Binance is a cryptocurrency platform often renowned as one of the best in the market.

My experience with Binance has been really good.

Whether it’s Bitcoin or Ethereum, or some other crypto you’re wanting to invest in, Binance most likely has your favorite crypto because they are the largest cryptocurrency exchange out there in the world.

They offer more than 100+ cryptos to buy or sell, plus their mobile app with technical analysis is one of the easiest ones to use as well.

On top of that, Binance has one of the lowest fees in the market and has great security features that make trading cheap and secure.

To use Binance, you’ll just have to fund your account using a credit or debit card, then once you have balance in your account, you can immediately start buying, selling, and trading your preferred crypto.

It really is that simple guys. They do have a minimum of $10 to buy or sell, but that’s not a problem, and if you don’t have $10, then you really shouldn’t be trading crypto.

Now for newbies out there, it can be pretty daunting to start investing in crypto, but trust me, with Binance, it’s so user friendly to get a hang of the platform that you’ll never want to use another exchange.

The Binance Earn Program

Here’s a great thing about Binance: they offer a specific program called Binance Earn that focuses on you, the investor, and your earnings.

Binance Earn gives you tons of options for your crypto holdings to grow easily.

This includes Flexible Savings, Launchpool, BNB Vault, among others.

I personally think this is a perfect starting point for beginner investors, but is also very much welcome for seasoned investors.

Let’s take a quick look at these different Earn Programs.

Flexible Savings

The Flexible Savings option in Binance Earn functions much like a savings account.

Leave your assets in your account and you gain a small interest on assets for a fixed period of time.

Launch Pool

The next feature Binance Earn and is my personal favorite is the Launchpool.

The Launchpool allows investors like you to Yield Farm.

Now what on earth is yield farming you might ask?

Yield farming actually allows the buyer to supply liquidity to a decentralized finance of DeFi protocol in exchange for a yield.

Essentially, you’re lending your money to a protocol for them to use how however they please.

You can then reinvest these rewards to get even more rewards and the cycle goes on!

In other words, “Farmers” can get a yield on their investments by switching between pools to enhance their returns.


BNB Vault

Another program Binance Earn highlights is the BNB Vault for those looking to invest in Binance Coin.

The BNB Vault a capital-guaranteed investment product to help you, the investor, maximize the income potential of your BNB or Binance Coin.


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I’m Chris Winter and on this channel I make finance videos on:
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