Steemit Crypto Academy Guide - Binance Cheat Codes (Yield more)

Crypto Cheat Codes: Best Ways to Save and Earn on Binance

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Before we get started, if you recognize the image above, then props to you. If you don’t—well, it’s our take on the infamous Konami code. Unfortunately, there are no traditional “cheat codes” when it comes to crypto, but we do have a few tips and tricks that might help you along your trading journey.

When it comes to getting the most out of your money at Binance, you’ll need to use a mix of our savings and earnings products wherever possible. You’ll also need to be efficient, disciplined, and highly optimized when it comes to your crypto strategy.

P.S. scroll to the bottom of this article for our ultimate “BNB Mega Combo” code.

Code: SAVE
Even though Binance already offers some of the lowest fees in the industry, there are several ways to save even more on every transaction. Every bit helps, and savings do add up over time.

  1. Save on fees with the Binance Referral Program
    New to Binance and haven’t created an account yet? It’s worth your time to hunt for a referral link that will give you a discount on trading fees. There are two different kinds of referral links to look out for:

Spot: The maximum discount on these referral links will vary based on the referrer, but you can save up to 20% on Binance’s spot market fees just by creating an account through the link.

Futures: Sign up or activate your Futures account with a friend’s referral link to get a 10% discount on Futures trading fees for the first 30 days.

If you don’t have a Binance account yet, you can click here for a 10% discount on spot market trading fees, plus a 10% discount on Futures trading fees for the first 30 days.

If you already have a Binance account but haven’t activated Futures yet, you can click here for a 10% discount on Futures trading fees for the first 30 days.

  1. Save on fees with BNB
    BNB is more popular than ever, but did you know you could get a discount on trading fees when you pay with BNB?

Spot: Save 25% on trading fees

Futures: Save 10% on trading fees

Margin: Save 5% on payable borrowing interest

Learn all the ways you can save using BNB.

  1. Save on fees when you increase your VIP level
    Another way to further reduce your trading fees is to become a VIP. Binance offers 10 different VIP levels (VIP 0 - VIP 9), calculated based on your 30-day trading volume (equivalent in Bitcoin) and average BNB balance over the same period. You can find the full breakdown of all Binance’s fee breakdowns here.

  2. Save on fees for large transactions using OTC (Over-the-Counter) trades
    If you’re buying or selling over $10,000 USD in crypto assets, you can use the OTC trading portal. Doing so will save you money on fees, limit slippage (generally giving you a better average price) and save you both time and effort executing the trade(s).

Looking to make a large transaction? Check out our OTC trading portal.

  1. Skip fees entirely with Binance P2P (Peer-to-Peer)
    Zero fees. Yes, you read that right. With Binance P2P, you can buy and sell popular cryptocurrencies to and from local fiat currencies at no cost. You can browse ads to buy and sell crypto or post your own ads. Visit our P2P marketplace to learn more.

Code: EARN
In addition to saving on fees, you can grow your existing crypto assets with our portfolio of Earn products.

  1. Flexible Savings - Try now
    Earn interest and rewards on your crypto assets, and move crypto in and out of Binance Flexible Savings at any time with no penalties. With support for over 24 tokens, including Bitcoin, Ether, USDT, and BNB, Binance Flexible Savings is an excellent way to earn passive income for both new and experienced crypto users.

Minimum Investment: None

Fees: No fees

APY: Up to 15%

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. Launchpool - Try now
    Use your existing crypto assets to earn new tokens listed on Binance.com. These extra rewards go a long way and you can earn newly listed tokens for a 30-day period. Try Binance Launchpool to buy or earn new tokens.

Minimum Investment: Varies according to Launchpool offers

Fees: No fees

APY: Dynamic APY

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. Fixed Savings - Try now
    Similar to our Flexible Savings product, except you can earn even higher interest and rewards on your crypto assets in exchange for a 7-day, 14-day, 30-day, or 90-day lock-up period. If you don’t need immediate access to your funds, give our Fixed Savings product a try.

Minimum Investment: $100

Fees: No fees

APY: 5-15%

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. Locked Staking - Try now
    Similar to our Fixed Savings product, with Locked Staking you can stake select stablecoins (USDT, BUSD, USDC) for 15-day, 30-day, 60-day, and 90-day increments to earn interest and rewards on your crypto assets. You can still redeem Locked Staking funds early and maintain your principal coins.

Minimum Investment: 10 USDT equivalent

Fees: No fees

APY: Dynamic APY

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. Activities - Try now
    For additional rewards on top of what you already earn from our savings and staking products, check our Earn page for limited time activities. Activities are available on a first-come, first-serve basis, so check back frequently for updates.

Minimum Investment: Variable

Fees: No fees

APY: Variable APY per activity

Rewards Distribution: Variable per activity

Risk Level: None. Guaranteed capital earnings.

  1. ETH 2.0 Staking - Try now
    Looking for an easy way to put your ETH to work? Stake Ether (ETH) and redeem BETH, which is pegged on a 1:1 ratio to your ETH stake. Keep in mind your BETH can’t be changed back to ETH until phase one of the ETH 2.0 upgrade is complete. Read "What is Ethereum 2.0 and Why Does It Matter?" from our friends at Decrypt.co to learn everything you need to know before staking.

Minimum Investment: 0.0001 ETH

Fees: No fees

APY: Dynamic APY

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. DeFi Staking - Try now
    DeFi staking brings yield farming to the Binance ecosystem, with zero hassle, zero fees and reward distribution straight to your Binance wallet. Easy, right? Increase your staking income with our easy-to-use take on DeFi staking. Stake your crypto assets (including BTC, BNB, BUSD, USDT, and more) with flexible lock-up durations, or 7-day and 30-day locked staking, available on select tokens.

Minimum Investment: 100 USD equivalent and above

Fees: No fees

APY: Dynamic APY (up to 60%)

Rewards Distribution: Daily

Risk Level: High

  1. Dual Investment - Try now
    Dual Investment is a two-asset yield aggregator. Essentially, you can lock BTC, UDST, or BUSDT to earn a set yield, but also increase your potential earnings based on the market price for your crypto assets. However, note that Dual Investment has floating returns without principal protection, as the final settlement is calculated based on a mixture of the settlement and pegged price.

Minimum Investment: None

Fees: No fees

APY: Floating returns

Rewards Distribution: Daily

Risk Level: No principal protection. The risk lies primarily in asset price volatility.

  1. Liquid Swap - Try now
    Liquid Swap allows anyone to become a liquidity provider. Add eligible stablecoins and tokens from your wallet to Binance Liquid Swap to earn rewards.

Minimum Investment: 10 USDT/BUSD equivalent

Fees: 0.04%

APY: Variable

Rewards Distribution: Real-time

Risk Level: High

Code: BNB MEGA COMBO
Feast your eyes on the little known BNB mega combo. Earn maximum rewards, maximum savings and other perks just for holding BNB.

  1. Use BNB Vault to earn mega rewards - Try now
    Got BNB? Use BNB Vault to earn all kinds of rewards on your crypto assets. Earn Flexible Savings rewards, Launchpool tokens, DeFi staking interest, and more—all with one click. Visit BNB Vault to learn more.

Minimum Investment: None

Fees: No fees

APY: Dynamic APY

Rewards Distribution: Daily

Risk Level: None. Guaranteed capital earnings.

  1. Use BNB to save on fees
    Use your BNB to save on trading fees and margin interest.

Spot: Save 25% on trading fees

Futures: Save 10% on trading fees

Margin: Save 5% on payable borrowing interest

VIP: The higher your BNB balance, the more you save on fees.

Learn all the ways you can save using BNB.

Now that you know how to maximize your Binance experience, it’s time to take your crypto game to the next level. Visit Binance Academy to increase your crypto knowledge and find answers to all your blockchain and crypto-related questions. For more in-depth insights, including project reports on top tokens and industry trends, visit Binance Research.

Share your favorite crypto cheat codes with us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.

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