$BNB Soft Staking: Easy money making on Binance without locking coins! #SoftStaking
What is Soft Staking and how to activate it?
Simply put, Soft Staking allows you to earn staking rewards just by holding eligible cryptocurrencies in your Spot wallet. Binance will automatically calculate rewards based on your average daily balance.
How to activate:
* Log into your Binance account.
* Navigate to the "Earn" section on the navigation bar.
* Look for the "Staking" or "Binance Earn" option and select "Soft Staking" (or check the Flexible products of supported coins).
* You just need to ensure that you are holding supported Soft Staking coins (e.g., ADA, SOL, ETH, BNB...) in your Spot wallet. Rewards will be distributed automatically!
Benefits of Soft Staking and my experience
The biggest benefit of Soft Staking is flexibility!
* No asset locking
* Passive income: Earn a little extra from the assets you hold, small amounts add up!
Personally, I have experienced Soft Staking with several coins like $BNB . Although the APR (annual percentage rate) may be slightly lower than Fixed Staking, the peace of mind and flexibility of knowing that my assets are always available for use is priceless. This is a great option for those who want to "save" coins and want them to generate profits automatically without much hassle.