How to make money on binance ( Part 1 )

in OCD3 years ago (edited)

Hello everyone there have been a lot of questions for me about binance and how to make money on it . Today in this blog I will guide everyone how to make money on binance by staking . _nh_binance_blog_ng_y_32.png

Staking

The first thing we have to understand is what staking is and how it works.

Staking is work

Holding a certain amount of cryptocurrencies such as BnB, Dog, Cake, Asx,... in Binance the project will take place for a certain period of time to receive rewards. The reward we receive depends on the Coin stake salary and the stake duration. .

Often options will be censored by binance and act as an intermediary, so it is impossible to lose money or pay interest on time.

Steps to use staking on binance

Step 1 : You log in to binance image.png

Step 2 : Move the mouse to Earn

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Step 3 : Move to the Staking subsection then left click on that section

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Step 4 : After clicking Staking, this interface will appear. This interface shows the Locked Staking we can choose 1 of the Locked to Staking:

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Step 5 : For example in the first coin and some items

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1 : Name of coin needed to lock .
2 : The percentage received (this number will change according to the number of Staking days) you need to consider the time to lock the coin .
3 : The number of days to lock the coin this is the part you choose the percentage of your profit received .
4 : And here is the minimum amount to satisfy this order .
5 : And here is the staking confirmation button .

Step 6 : After pressing 5 ( Stake now ) this interface will appear, we can see the number of coins we lock, the number of lock days by choice, the percentage received by year and the staking end time. image.png

Step 7 : This is the final step. After confirming and checking the number of coins, you will tick to agree to the part I HAVE READ AND I AGREE TO BINANCE STAKING SERVICE AGREEMENT .

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The last thing is that we sit and wait until the end of the lock and get back the coin salary and the profit received hehe. image.png

This is the amount of coins I am staking hehe . copy_of_summer_sales_made_with_postermywall.jpg
If you feel that my post is not good, please leave a comment below for me. thank you

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May be there's translation difference. In my mind, staking is more like depositing or a contract investment?

This looks like you make a profit according to the type of coin you have.

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