#SoftStaking $BNB Breaking 800 has gone viral; the surprise is not unexpected, as Binance, even while firmly holding the leading position, continues to update new features. Recently, Binance launched a small function beneficial to coin holders—holding coins for interest. I have introduced this before, so here are some main questions explained:
1: How to activate holding coins for interest?
—— Search for 'holding coins for interest' on the homepage and click to activate. Alternatively, you can find it through Wealth Management—Principal Guaranteed Wealth Management.
2: What is the difference between holding coins for interest and liquid wealth management?
—— Liquid wealth management requires locking up assets, and you need to redeem them when you want to use them. Holding coins for interest does not involve any locking actions and is available for use at any time in the spot account.
3: How are the earnings from holding coins for interest?
—— Currently, there are not many assets that can earn interest while holding, and each coin type has a limit. The yield is generally around 1% annualized, which is relatively low. However, since there are no extra operations or locking involved, it is considered additional income, and a lower yield can be understood. It's recommended to enable this feature.
4: Is there any risk?
—— There is no risk at all; it is suitable for users who already hold interest-earning coins.