#softstsking , Passive staking on Binance Earn is a way to generate passive earnings with your cryptocurrencies without the need to constantly monitor the market. Binance Earn offers several options for staking, including¹:
- *Flexible Savings*: You can deposit and withdraw your cryptocurrencies at any time, and you will receive daily rewards in the form of new coins.
- *Locked Savings*: You must keep your cryptocurrencies locked for a specified period (7-90 days) to receive rewards.
- *Locked Staking*: Similar to Locked Savings, but requires a minimum period of 15 days and is ideal for cryptocurrencies that operate under the Proof of Stake (PoS) protocol.
- *DeFi Staking*: You can lend your cryptocurrencies on the Binance Smart Chain (BSC) or on platforms like Kava Lend, Venus, and Maker.
- *BNB Vault*: A feature that optimizes earnings from Flexible Savings, DeFi Staking, and Launchpad, but is only compatible with Binance Coin (BNB).
Some of the cryptocurrencies available for staking on Binance Earn include:
- *Bitcoin (BTC)*: Available for Flexible Savings and Locked Savings.
- *Ethereum (ETH)*: You can stake ETH 2.0 until the second version of its protocol is launched.
- *Binance Coin (BNB)*: Available for Locked Staking, DeFi Staking, and BNB Vault.
- *Stablecoins*: Tether (USDT), Binance USD (BUSD), and USD Coin (USDC) are available for Flexible and Locked Savings, and DeFi Staking.
To start passive staking on Binance Earn, you must:
1. Create an account on Binance.
2. Buy cryptocurrencies.
3. Enter the Binance Earn section.
4. Select the staking option you prefer.
5. Transfer your cryptocurrencies to the selected financial product.
Remember that Binance Earn offers more than 60 cryptocurrencies available for staking, but it is important to review the conditions and risks associated with each one before investing.
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