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How To Make Money On Binance In 2024 (For Beginners)

Mike Vestil2020-12-20
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1M views|3 years ago
💫 Short Summary

The video discusses the potential to make money with Binance through affiliate marketing in cryptocurrency trading, highlighting the risks of investing without experience. It emphasizes the importance of strategic decision-making to avoid significant losses and cautions against impulsive trading driven by fear of missing out. The speaker shares personal experiences of losing money in cryptocurrency and advises exploring alternative ways to profit from Bitcoin with minimal financial exposure. Affiliate marketing is presented as a profitable option for earning income without using one's own funds.

✨ Highlights
📊 Transcript
Making money with Binance and cryptocurrency like Bitcoin.
00:22
Risk of trading and potential for losses without experience or knowledge.
Insights on affiliate marketing as a low-risk way to earn online and importance of mitigating risks.
Caution against impulsive investment decisions driven by fear of missing out and the speculative nature of the market.
Advises against amateur approaches to investing and emphasizes the need for strategic and calculated investment decisions to avoid significant losses.
Affiliate partnership with Binance can offer up to 50% commissions through affiliate links for completed trades.
02:50
YouTube videos on trading Bitcoin by friends are used to attract more viewers and potential traders.
A friend has shown that affiliate marketing can generate significant income, earning one Bitcoin daily during bear markets.
Focus on affiliate marketing in trading can be more profitable than actual trading.
Similar to the gold rush, selling shovels and exchanges can yield more profit than mining gold directly.
Risks of investing in volatile assets like Bitcoin and cryptocurrency with leverage trading.
04:29
Importance of documenting and recommending exchanges instead of teaching new trading techniques.
Focus on affiliate marketing by recommending exchanges to earn commissions from referred users' trades.
Consistent content creation and attracting viewers can lead to earning commissions without using personal funds.
Making Money with Bitcoin through Affiliate Marketing Programs on Exchanges like Binance.
06:54
Individuals can earn money without investing their own funds by partnering with companies like Binance through affiliate marketing programs.
Marketing skills are essential in maximizing earnings through affiliate marketing with Bitcoin.
Viewers are advised to explore alternative ways to profit from Bitcoin to avoid high risks.
Affiliate marketing is presented as a low-risk option for earning income with Bitcoin.
Speaker asks for viewers' thoughts and expresses love and gratitude.
08:40
Encourages audience engagement and feedback.
Ends the video on a positive and appreciative note.