Binance, the world’s largest cryptocurrency exchange by trading volume, offers a unique rewards program to its users. Here’s how it works.
Every day, Binance users can claim a certain number of Binance Coin (BNB) tokens from a pool of 30 million BNB. The size of the daily pool is based on a schedule that decreases by half every year.
For example, in the first year of the program, there were 30 million BNB available for distribution each day. In the second year, there were 15 million BNB available each day, and so on.
To be eligible for the rewards, users must hold at least 10 BNB in their account and complete certain tasks, such as KYC verification and trading on the Binance platform.
The rewards are distributed proportionally to users based on the number of BNB they hold and the length of time they hold it. For example, if you hold 10 BNB for two days, you’ll earn twice as many rewards as someone who holds 10 BNB for one day.
NOTE: Warning: Please be aware that there is potential risk involved when claiming rewards from Binance. Before claiming any rewards, please make sure you understand what you are getting into. Do your research and use caution. Be aware of the risks associated with cryptocurrency and blockchain technologies, including but not limited to, market volatility, technical analysis, security vulnerabilities, and regulatory compliance. Be sure that you are taking the necessary steps to protect yourself and your assets.
So, how do you get started with earning Binance rewards?
First, you’ll need to create a Binance account and deposit some funds into it. You can do this by sending cryptocurrency from another exchange or wallet to your Binance wallet.
Once you have at least 10 BNB in your account, you’ll be eligible to start earning rewards.
To start earning rewards, simply log into your account and go to the “Binance Rewards” page. From here, you can click on the “Claim Now” button to claim your daily allotment of rewards.
Once you’ve claimed your rewards, they will be sent to your account immediately and can be used to trade on the Binance platform or withdrawn to an external wallet.
So there you have it! That’s how you can start earning Binance rewards. By holding BNB in your account and completing simple tasks like KYC verification and trading on the platform, you can earn a daily reward that grows over time. So what are you waiting for? Start earning today!.
7 Related Question Answers Found
Binance, the world’s largest cryptocurrency exchange by trading volume, is offering users a way to earn rewards simply by holding certain digital assets on the Binance platform. The new “Binance Earn” program will allow users to stake their cryptocurrencies and receive rewards in the form of other digital assets. The program is currently in beta testing with a limited number of assets and will eventually be rolled out to all Binance users.
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Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. There are a variety of ways to get free money on Binance.
