Several times higher than a savings account, even higher than a fixed deposit. Those who have not activated this feature miss out on 10% earnings annually. I dare say that 99.9% of people still don't know that simply holding cryptocurrencies in a spot account can earn interest. It's the ceiling for lazy investment.
Your cryptocurrency is in your spot account assets, no need to store it in different places. Just click to activate Softstaking (holding coins to earn interest) and you can earn passively. Your coins remain in your spot account; you can buy or withdraw anytime and still earn interest!
Staking is a common way to earn money. Traditionally, staking requires users to lock their assets for a period to support the operation of the blockchain network in exchange for rewards. However, this method has a significant limitation: once locked, users cannot trade or withdraw their assets in a short time, affecting liquidity.
Recently, Binance launched Softstaking, a more flexible staking method. According to official information, Softstaking allows users to hold specific cryptocurrencies in their Binance spot wallet, automatically earning rewards daily after activation without locking assets. Users can trade or withdraw anytime. This design clearly meets the needs of those who want to earn passive income without sacrificing asset flexibility.
Usage methods and supported cryptocurrencies
The process of using Softstaking is very simple, suitable for both beginners and experienced users. The steps are as follows:
Hold supported cryptocurrencies: Ensure that you have supported cryptocurrencies for Softstaking in your Binance spot wallet. Currently, supported cryptocurrencies include BNB, SOL, ADA, SUI, TON, NEAR, POL, ALGO, S, and AXS.
Activate feature: In the Binance App or website, go to Finance - Softstaking (holding coins to earn interest) and click to activate, no complicated operations needed.
Daily automatic rewards: After activation, the system will automatically calculate rewards based on the eligible assets in your spot wallet daily and distribute them to your account.
“This feature from Binance is amazing! Automatically earning interest just by holding in a spot account, you really earn while lying down.” 99.9% of people still don’t know that, missing out means losing. I won’t tell the average person!
