There are multiple opportunities available in Crypto market for making money and also to generate some passive income. There are two ways of income and the first one is called active income whereas the second is called passive income. When we earn money directly by putting some efforts or doing something then whatever is earned is called active money. Passive money is something that we earn without doing anything and our resources or the money is generating money for ourselves is called passive income. For example when we deposit our crypto on certain protocol then they pay us some reward and that income is called passive income however when we trade and earn something then it is called active income.
Today I was checking out some options in Binance Exchange and I stopped by one of the option which were really very good. So today in this post I am going to share about it and why I like this passive income opportunity on this exchange. The exchange has got a section called earn where you will be able to see multiple options. They have options like flexible and locked so when you deposit your crypto for certain. Then it is part of locked. In case of flexible you always have the option to redeem your coins and it will happen instantly that means there is no obligation or minimum period criteria to follow.
Binance exchange is offering a significant apr almost 30% on usdt in flexible. The fixed APR is 24.9% and on top of that they are paying 5% bonus apr so in total we are earning twenty nine point nine percent of apr on usdt holding. We can also call it almost 30% of APR just for holding our usdt coins in the exchange wallet is a great option to go for. I know that these apr will continue to fluctuate but still it is one of the best option to go far because you don't need to do anything and justice by keeping the coins you will be able to earn a reward,
It is important to keep an eye on such programmes where we can earn some good profits for doing nothing and that is what the best part about Crypto where we get multiple passive income opportunities. Again I would like to mention here that this is not a financial advice and please do your own research before going for any investment because I am just sharing my thought about this plan but not recommending anyone to invest.
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