**Binance Staking** is a service where you **lock your cryptocurrencies** on the Binance exchange to support blockchain networks (usually Proof-of-Stake chains). In return, you **earn regular rewards** (like interest), paid in the same coin or a related token.
### Key Points Simplified:
1. **Lock Your Crypto**: You temporarily hold coins in a staking pool.
2. **Support the Network**: Your locked coins help validate transactions/securely run the blockchain.
3. **Earn Rewards**: You get paid passive income (e.g., 5% APY on Solana).
4. **Binance Handles the Tech**: They manage validators, security, and reward distribution.
### How It Works on Binance:
- **Choose a coin** (e.g., ADA, DOT, ETH).
- **Select duration** (flexible ≈ no lock-up, locked ≈ fixed term).
- **Rewards auto-credit** to your Binance account.
### Risks:
- **Price volatility**: Rewards may not cover coin value drops.
- **Lock-up periods**: Some funds can’t be withdrawn immediately.
- **Slashing risk** (rare): Penalties for network failures (Binance usually covers this).
> 💡 **Summary**: *"Lock crypto → Help blockchain → Earn interest. Binance makes it simple."*