Although many investment opportunities are not yielding great returns these days, investors can still make some money from cryptocurrencies such as Binance (BNB). You could buy the digital coins and hold them to wait for their prices to rise and then sell them at a profit.
However, speculating in and trading cryptos is not the only way to make money with these assets. If you have BNB coins, you could investigate various options if you want to know how to earn BNB. If you are not planning to trade BNB or spend it on purchases, you could earn Binance coins if you have a grasp of how to do it or are ready to learn and give it a shot.
Various crypto platforms like YouHodler have developed products like crypto savings accounts which you could use and earn BNB tokens as interest for depositing your Binance coin with them.
Are you looking for ways to get free BNB? Here are some of the methods you can use:
Earn interest from a BNB savings account
Unlike the traditional savings accounts that pay meager interest on your savings, BNB savings accounts with the best crypto lending platforms like YouHodler can help you earn BNB coins. Because there are so many platforms where you can deposit your Binance coin to earn interest, you need to use your Binance savings calculator to calculate the returns on deposits to compare the platforms and choose the one with the best returns. However, you also need to consider other factors as you pick the exchange to use; for example, the security of your assets, the stability of the platform, and so on. This is to avoid you losing your money due to defaulting from borrowers who get them as loans or the exchange collapsing.
Fortunately, you can use YouHodler as your platform of choice as you explore how to earn free BNB. On this platform, you stand to enjoy up to 3% APR on your BNB immediately after you deposit it on YouHodler. What’s more, you have 24/7 access to your coins and enjoy almost zero withdrawal charges so you get your coins whenever you need them without any penalties and at minimal fees.
Earn free BNB coin through airdrops
So, what are airdrops? These are promotional activities conducted by various start-ups, using blockchain technology that leads to investors getting free tokens. The airdrops are performed on crypto forums or company websites, and you could earn BNB tokens for having a minimum holding in your wallet. You may also get free BNB in return for a promotional service like retweeting some promotional tweets. This way, you can check out where you stand to get free BNB coins and have some Binance coins on those platforms; hence you qualify for BNB airdrops or other currencies.
Earn rewards for spending using a Binance card
Using a Binance card, you could earn rewards when you spend it shopping from many supported merchants globally. The cashback commences at 1%, and the more BNB coins you have in your account, the higher the earning rate, going up to 7%.
You have a few ways to get free BNB, and you can try the one that can work best for you. However, you need to be careful not to lose your BNB coins through scams. You have to do your homework carefully before trying any methods.