Binance Removed All Earn Options In The United Kingdom - What's Next For Me?
I was/am a huge fan of Binance, considering BNB as one of the most solid cryptocurrencies available. I am sad that they recently removed all Earn options for UK users. I am a Loyal Binancian, joining earlier than 99% of the world!
This is the message I get when trying to subscribe to any Binance Earn opportunities, as the new Terms of Use with local regulations removed the services for British users. This mean I can't subscribe to any earning options, but the ones I already enrolled will fulfil.
I can't earn crypto on Binance but I can do quizzes and stuff ... absolutely ridiculous! It looks like I am The Meticulous, the guy who makes the most calculated moves.
It looks like I have to apply my "well-researched strategies and live life to the fullest" somewhere else as Binance doesn't give me options to earn!
I started to get rid of shitcoins and deadweight, as the only reason I kept some of them was because of the Earn opportunities. Getting 100% APR on tokens like $GAL, $DODO, $SAND or $HARD was good enough! Not much stuff to show off as most of my assets got burned during the cursed 2022.
For some others, I waited for some pumps to sell for an acceptable amount. Most of the crypto is still 90% less then last year, so selling at "a good price" is impossible. I decided to sell the Highstreet ($HIGH) when it pumped 202% in two weeks.
The Cryptoverse exploration took me at Aptos ($APT), a novel layer-1 chain built by former Meta employees that worked on the Diem blockchain. The Aptos blockchain aims to provide the benefits of decentralization and bring about mass adoption of Web3 to the masses.
I am still low on capital so all I had for this leap of faith was 146 BUSD. I spent them well, buying 26.6 $APT at a rather low price.
I am not a trader so when $APT pumped over 7 dollars I decided to cash out and take the profit. I was happy to make a quick $50, even when Aptos went double digits and then all the way to $19.92 ATH!
I said I want to get rid of deadweight and BTCST turned into a non-profit things. The earnings stopped and no staking rewards were added for weeks... so time to activate the exit plan.
All my BTCST was either farmed through the Binance Launnchpool or directly on their Dapp. Some BTCB crumbles were farmed as well, and sold them for extra BNB. I had 31.48 BTCST in my stash, and swap them for 0.72 BNB.
FFS FTX ... as the bankruptcy shocked the Cryptoverse! However, there is always place to make some money when it's chaos on the market. Used BUSD leftovers and the UMA I had on Binance to get $FTT at a low price.
I was fortunate to buy it at a really low value, and see the $FTT token gain momentum when it was announced that Binance will take them over. Buy the rumor and sell the news they say... and this time I was there at the right time.
Sold all the $FTT when the price was up and avoided another disappointment. Bought the $UMA tokens back and used the profit to buy $DOGE and $LDO. You can't take the memecoins out of a Meme Lord life!
I got $HFT from another Binance Launchpool, and sold them as soon as it got listed. I can say I am happy with 2300% burst in value, and the $64 I made from the first batch.
The farming went on, but the $HFT value slowly dropped. Decided to add more $LDO in my portfolio, and used the $HFT I farmed between listing day and the end of the Launchpool. Lido is an interesting project, and will move upwards with Ethereum.
One of the basic rules in the Cryptoverse is to take the profit from time to time. Again I was afraid of the bear trap, and sold as $LDO reached 2.27 BUSD in value. Cashing out $153 wasn't bad at all, considering all the LIDO I bought was around one dollar and from farming rewards.
The best opportunities on Binance were given by the Launchpad, and now I am unsure if I am still available for them as an UK user. HOOK was the last Launchpad, and I got 169 $HOOK for 0.057 BNB.
Go back to the above rule, and remember that it's essential to take the profits now and then. HOOK didn't look as an interesting project, so I sold them for 329 BUSD.
Another rule in the Cryptoverse is to ensure that the profit stays as profit, or play a wild card. I didn't play safe and used the BUSD to buy Solana when the prize was dropping like crazy. It looks like the gamble will pay off as $SOL recovered nicely.
Will I still be eligible for Learn & Earn campaigns now that Binance reduced the benefits for UK users? I have no idea, but this is not a big issue. The Learn & Earn rewards where always low so this doesn't affecting me as bad as locked staking. What do you think... where shall I look for new crypto opportunities?
Residual Income:
Hive Blogging - LeoFinance, Peakd, etc
CakeDeFi $30 DFI for new users
The fountains: PipeFlare ZCash & Get.ZEN
Publishing bundle: Publish0x, readcash, noisecash, LBRY & Presearch
I hope it would be available in your region too soon.