Binance Soft Staking allows users to earn staking rewards on selected tokens held in their Spot Accounts. Soft Staking offers full flexibility—users can trade, withdraw, or use their tokens anytime while still earning rewards.
How To Activate Binance Soft Staking Guide For Website And App?
Guide For Binance Website:
1. Log in to your Binance account and navigate to the [Earn] section
2. Select [Simple Earn] - [Soft Staking].
3. Click [Activate].
Guide For Binance App:
1. Log in to your Binance account.
2. Tap [More] on the app homepage.
3. Go to [Earn] - [Soft Staking].
4. Tap [Activate].
5. Read and agree to the terms and tap [Start Earning].
What rewards can I earn from Soft Staking?
By participating in Soft Staking, you can earn rewards generated through the blockchain’s staking mechanism, also known as proof of stake. Rewards are typically paid out in the blockchain’s native token, unless otherwise specified.
Soft Staking is available for selected tokens only. You can visit the Soft Staking page to view the list of eligible tokens and their estimated yields.
How are rewards calculated and distributed?
Soft Staking rewards are calculated based on the daily average balance of eligible tokens in your Spot Account. Snapshot starts at 00:00 (UTC) on the day after you activate Soft Staking.
The first batch of rewards will be distributed to your Spot Account two days after activation, between 00:00 and 08:00 (UTC). Soft Staking rewards will be distributed to your Spot Account on a daily basis. However, due to network delays, system calculations, and other unforeseeable reasons, reward distributions might be delayed.
Daily Rewards = Soft Staked Amount * APR / 365 (to certain decimal places, depending on the cryptocurrency)
Please note that the APR for your Soft Staked Amount is not fixed and is subject to change on a daily basis, unless otherwise stated. The APR for Soft Staking is set based on various factors to ensure sustainable and competitive rewards.
Soft Staking is Easy Way to get passive income without any action just for hodl crypto on your Spot Wallet.
You Are Free To Simply hold your eligible assets in your spot accounts to receive daily rewards.
-No lockup required
-Trade or withdraw anytime
-Daily payouts
For More Details About Soft Staking: Click Here
