Staking is a way to earn passive income with your cryptocurrencies by simply keeping them locked in a platform or wallet.
It works because some blockchain networks use a system called Proof of Stake (PoS), where those who 'stake' their coins help validate transactions and, in return, receive rewards in the form of more cryptocurrencies.
It's like putting your money to work for you, without the need to sell or trade constantly.
To do staking, you only need:
Having compatible cryptocurrencies.
Choosing a reliable platform or wallet that allows it.
Locking your coins for a specified period.
However, keep in mind that while you are staking, you cannot use those coins until the lock-up period ends, and like everything in crypto, there are risks.
But if you are looking for passive income and believe in the project, staking can be a great option to grow your portfolio with little effort.