What is staking?
Staking is the process of locking cryptocurrency in a Proof-of-Stake (PoS) blockchain to support the network and earn rewards. You provide your coins to participate in transaction processing, and in return, you earn profit in the form of new tokens.
2. How does staking work on Binance?
Binance offers several types of staking:
Fixed staking: You lock the cryptocurrency for a specified term (e.g., 30/60/90 days) and receive a fixed income.
Flexible staking: You can withdraw funds at any time, but the interest rate is lower.
DeFi staking: Binance acts as an intermediary for participating in DeFi projects, providing additional earning opportunities but with higher risk.
3. Benefits:
Passive income.
Minimal effort to participate.
Low entry threshold — staking is available even for small amounts.
4. Risks:
Volatility of cryptocurrency prices.
Inability to withdraw funds until the end of the fixed term.
Potential technical or smart contract risks in DeFi.
5. How to get started?
1. Log in to your Binance account.
2. Go to the 'Earn' → 'Staking' section.
3. Choose a coin and staking type.
4. Enter the amount and confirm the locking of assets.
6. Popular coins for staking on Binance:
You can buy by clicking on the chart 🚀 🤝
ETH (through ETH 2.0 staking)
BNB$BNB
SOL$SOL
ADA
DOT
