Did you know that there is a more efficient, easy and secure way to generate income from cryptocurrency? In this article, you will learn how to earn cryptocurrency cash using Binance earnings and convert them into cash through the Binance P2P platform.
Main Ideas
- There are many ways to make money with cryptocurrency, but one of the simplest ways involves using the Binance P2P platform product while earning from Binance at the same time.
- The Binance P2P platform allows users to buy and sell cryptocurrencies directly with other users, while Binance Earnings allows new and experienced users to easily make profits on their existing crypto assets.
- There are many ways to earn passive income with Binance earnings, from savings products with flexible or reserved periods, to advanced products that include decentralized fund storage, automated market makers, and more.
- Binance users can transfer digital assets from their Binance earnings to the Binance P2P platform and easily sell their digital assets in exchange for their preferred local currency.
Many are venturing into the attractive and now highly publicized world of cryptocurrency with the hope of making some cash. Users who have just begun their journey in the world of cryptocurrency are faced with an avalanche of offers from companies touting easy monetization opportunities that seem very
effective—at first glance. There are many ways to earn small amounts of cryptocurrency, this includes giveaways, contests, sales tours, bug quizzes, sign up offers and many more. But most lucrative practices such as trading, interest-bearing products, or mining often have higher entry barriers and may seem complex to beginners in the cryptocurrency world.
Although many of the financial mechanisms in the world of decentralized finance are risky and often yield meager returns, there is a more efficient, easy and safe way to earn income from cryptocurrencies. The Binance P2P platform offers cryptocurrency users the opportunity to earn cryptocurrency rewards from their Binance earnings.
How to transfer assets from a P2P wallet to an instant wallet
In some circumstances, you may wish to trade on a traditional cryptocurrency platform. To transfer your funds from the Binance P2P platform to the Binance cryptocurrency exchange, you will need to transfer your funds from the P2P wallet to the spot wallet. The term “spot” has its origin in the spot markets, which are markets in which financial assets can be traded for immediate delivery. The default setting of most popular trading platforms is to connect buyers and sellers to the spot markets, and the spot wallet holds funds that you can use to trade on the Binance spot markets, which is why it is named as such.
The first way to transfer your tokens from a P2P wallet to an instant wallet is the easiest. When you buy some tokens, an OK button will appear on the screen, but if you do not take advantage of this opportunity, you will need to perform several steps to transfer your funds later.
- Click on the “P2P” button on the top navigation bar.
- Choose the currency you want to convert from the list of assets on the screen and click on “Convert”.
- Choose “Instant Wallet” in the upper right field and enter the transfer amount, then click on “Confirm Transfer”.
- Check the amount that has been transferred to your instant wallet by going to the ‘Supported local currency and instant wallet’ tab
