🙄What is passive staking on Binance?
It's like putting your crypto into productive vacation mode:
✨ You do nothing,
🔒 Binance locks your tokens for you,
💸 And you earn rewards... while you watch memes or sip coffee.
Why is it called "passive"?
Because you don't need to perform complex validations or run nodes.
You simply choose a "Simple" or "Locked" staking product, leave your tokens there...
and they work like underpaid interns, generating profits 24/7.
How much do you earn?
It depends on the cryptocurrency, the time locked, and luck.
Some give you an APY of 2% to 40% or more. (Yes, some seem like political promises, but there are some real gems.)
Popular cryptocurrencies for staking on Binance:
BNB
ETH 2.0
SOL
ADA
DOT
AVAX
And some new gems like PROVE, TURBO, etc.
And the risks?
Locking: If you choose locked staking, you won't be able to withdraw until the term ends.
Changes in yield: What's 15% today could be 3% tomorrow. Volatile like your ex-husbands.
