Binance #SoftStaking 'Hold Coins for Interest' Strategy for Earning Passive Income, $MYX

Common Ways to Earn Interest on Binance 'Hold Coins'

1. Flexible Savings

Subscribe/redeem at any time, no lock-up period, suitable for short-term idle funds.

Annualized about 1%-5% depending on the cryptocurrency

2. Locked Savings

Lock-up for 7-120 days, higher yield, automatically redeemed at maturity.

Annualized 3%-15% (e.g., BNB locked for 90 days can reach over 10%).

No operations can be performed during the lock-up period; if the cryptocurrency price plummets, one may miss the stop-loss.

3. Dual Investment

Pegged to target price, principal and interest settled at maturity based on price difference (may receive cryptocurrency or stablecoins).

Potential annualized return of 8%-50%, but market volatility risk must be borne.

Suitable for users with price prediction abilities to earn high interest in a fluctuating market.

4. DeFi Mining (Liquid Swap/Staking)

Provide liquidity (e.g., BNB/USDT) or stake tokens (e.g., CAKE) to earn rewards.

- Annualized yield of 5%-30%+ (be wary of impermanent loss).

Operational Steps (using Binance App as an example)

1. Enter Binance App → Click on [Wealth Management] → Select [Flexible/Locked/Dual Investment].

2. Choose cryptocurrency (e.g., USDT) → Enter amount → Confirm interest rate and term.

3. Locked products need to wait until maturity; flexible can be redeemed at any time.

Regarding earning passive income through 'Hold Coins for Interest' on **Binance**, here is the key information and suggestions: