🤔 Do you have questions about #SoftStaking on Binance?
Here are some clear answers:
💼 Where do my tokens need to be for them to count?
Simple: they need to be in your spot wallet. If you have them there, you are ready to activate Soft Staking.
💸 Do they charge anything for using it?
No! It's free. Binance does not charge a fee to participate in Soft Staking.
📉 What if I don't reach the minimum required even though I activated it?
Nothing serious happens. You simply won't receive rewards until you exceed the minimum amount. The tokens will remain in your account.
🔓 Can it be turned off whenever one wants?
Yes, no problem. It's one of the advantages of Soft Staking: you can exit whenever you want, without locks.
⚠️ Is there any risk?
Staking itself is safe, but the price of the token can decrease, so that's something to keep in mind. The main risk is market risk, not staking itself.
💡 If you're looking to generate passive income without complications, Soft Staking can be a good option.