#softstaking 😊 ☕ There is a way, easy, worry-free, without trading. Just put the cryptocurrencies to work without locking them up. Imagine we have some digital coins stored in a wallet, and without moving or selling them. But without any effort, we are receiving rewards. That is Soft Staking.
Unlike traditional staking, there is no need to lock coins for days or weeks. They can be withdrawn whenever you want. It's like having money in a bank account that gives us interest, but we can withdraw the cryptos at any time.
If you have cryptocurrencies compatible with staking (Ethereum, Cardano, Solana), you leave them in your Spot account on Binance. The platform gives you rewards every so often.
You will be earning, without doing anything, just for having your coins there, with the freedom to withdraw your cryptos whenever you want, without waiting.
Since not everything is positive, it is important to keep in mind that if the price of the crypto goes down, your reward will also decrease.
As an important note, not all cryptos allow Soft Staking.