How to make money with Binance in Nigeria

Making money in Nigeria legally might not be very easy in Nigeria due to many factors, but the internet has made it possible and easier if you follow the right tracks, there are many online money making schemes and Cryptocurrencies is one of them. In this post I will be showing you How to make money with Binance in Nigeria.

what is Binance

Binance is a website where people can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and others. It charges low fees for trading, and also offers other cryptocurrency-related services like a cryptocurrency wallet and a decentralized exchange.

Now that you know what Binance is, our main focus is to know how to make money from it.

ways to make money from Binance

TRADING

Binance trading involves buying and selling cryptocurrencies on the Binance exchange platform. To make money from trading on Binance, you will need to buy a cryptocurrency when the price is low and sell it when the price is higher. The difference between the buying price and the selling price is your profit.

steps to follow for Binance trading

Create an account on Binance: You will need to sign up for an account on the Binance website and complete the verification process to start trading.

Fund your account: You will need to deposit funds into your Binance account to start trading. Binance supports several deposit methods, including bank transfer, credit/debit cards, and cryptocurrencies.

Choose the cryptocurrency you want to trade: Binance supports trading in a wide range of cryptocurrencies. Choose the cryptocurrency you want to trade and check its price and market trend.you can trade Bitcoin,usdt or any other coin.

Place a buy order: Once you have decided which cryptocurrency to trade, you can place a buy order on the Binance trading platform. You will need to specify the amount of cryptocurrency you want to buy and the price at which you want to buy it.

Monitor the market and sell: After buying the cryptocurrency, you will need to monitor the market trend and sell the cryptocurrency at a higher price to make a profit.

STAKING

Binance staking involves holding certain cryptocurrencies in your Binance account for a specified period of time and earning rewards for doing so. Staking can be a way to earn passive income from your cryptocurrency holdings.

how to stake on Binance:

Create an account on Binance: If you don’t already have an account, you will need to sign up for one on the Binance website and complete the verification process.

Choose a cryptocurrency to stake: Binance offers staking for a variety of cryptocurrencies. Check the list of supported cryptocurrencies and choose one that you want to stake.

Deposit the cryptocurrency into your Binance account: You will need to deposit the cryptocurrency you want to stake into your Binance account.

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Choose a staking plan: Binance offers different staking plans with different durations and rewards. Choose a plan that suits your goals and risk tolerance.

Start staking: Once you have chosen a staking plan, you can start staking your cryptocurrency by following the instructions on the Binance website.

Earn rewards: You will earn rewards for staking your cryptocurrency, which will be credited to your Binance account at the end of the staking period.

REFERRAL PROGRAM

Binance pays his users when you refer your friends to the platform to trade or make any transaction,and it is very easy and simple to Carry out.

Steps for Binance referral program

Sign up for a Binance account: If you haven’t already signed up for a Binance account, you will need to do so to participate in the referral program.

Get your referral link: Once you have signed up for a Binance account, you can get your referral link from the referral page on the Binance website.

Share your referral link: Share your referral link with friends, family, and other people who might be interested in trading cryptocurrencies on Binance.

Earn rewards: When someone signs up for a Binance account using your referral link, you will earn a percentage of their trading fees for a limited time after they sign up. The exact percentage and duration of the reward may vary depending on Binance’s referral program terms and conditions.

Conclusion

With Binance you can really make online in Nigeria, one of the method I use is p2p, I buy Cryptocurrencies from people at a lower rate and then sell to Binance users adding my own small profit.