While the platform is well-known for offering its creative trading products, altcoin trading and new features, the team has just developed a means to generate interest on Binance with the introduction of 'Binance Savings'. When using a unique Binance referral code, new customers on the exchange can additionally receive up to $100 for free. It is widely considered as the world's premier cryptocurrency exchange, offering an online platform that bridges the gap between regular fiat money and cryptocurrency with innovative feature-rich services. In 2023, here are 5 of the best DeFi protocols and platforms to get passive income from cryptocurrency.īinance is one of the top cryptocurrency trading platforms in the world, including something for both crypto-investors, HODLers, and traders. Protocols, platforms, DEXs and liquidity pools provided users with an income in a sense, similar to earning interest, but only required some effort to set up and little or no effort to maintain.Įarning interest on your idle cryptocurrency assets is an excellent method to put your money to work for you. With the onset of DeFi in 2019, we saw alternative forms of earning as opposed to trading or investing that would allow crypto users to increase their holdings. But while investing and trading seem to be lucrative ways to earn money, they are a 'win big, risk big' type of activity, which many people don't feel comfortable with. Cryptocurrencies are enjoying increasing attention from retail and institutional investors alike.
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