Is it possible to earn USDT passively on Binance?

3 answers

• May 20, 2022 · 3 years ago
  Yes, it is possible to earn USDT passively on Binance. One way to do this is by participating in Binance's staking program. By staking certain cryptocurrencies, you can earn rewards in USDT without actively trading. However, the amount of USDT you can earn passively will depend on the specific staking program and the amount of cryptocurrency you stake. It's important to do your own research and understand the risks involved before participating in any staking program.
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• May 20, 2022 · 3 years ago
  Definitely! Binance offers various ways to earn USDT passively. Apart from staking, you can also earn USDT through Binance Savings, where you can deposit your USDT and earn interest over time. Additionally, Binance Launchpool allows you to earn USDT by staking specific tokens during token launches. Keep in mind that earning USDT passively still involves some level of risk, so it's important to carefully consider your investment strategy and do thorough research before participating.
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• May 20, 2022 · 3 years ago
  Yes, you can earn USDT passively on Binance through BYDFi, a decentralized finance platform built on the Binance Smart Chain. BYDFi offers various yield farming opportunities where you can earn USDT by providing liquidity to different pools. However, it's important to note that yield farming carries its own risks, including impermanent loss and smart contract vulnerabilities. Make sure to do your own research and understand the risks involved before participating in any yield farming activities on BYDFi or any other platform.
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