🔹 What does Staking mean?

Staking is simply a way to earn additional income from your digital currencies without needing to sell them.

It resembles the idea of depositing in a traditional bank:

In the bank → You deposit your money and they give you interest.

In crypto → You keep your coins in the network (like Ethereum or Cardano) and participate in securing and operating the blockchain, in return you receive rewards in a new currency.

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🔹 How does Staking work technically?

Some blockchain networks (like Ethereum, Cardano, Solana) use a mechanism called Proof of Stake (PoS).

When staking, you 'freeze' your coins in the network's smart contract.

These currencies help verify transactions and protect the network.

As a reward, the network distributes profits (Rewards) to participants.

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🔹 Benefits

✅ Earn passive income.

✅ Support the blockchain network and contribute to its security.

✅ You don't need much experience or equipment (unlike mining).

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🔹 Risks

⚠️ Locking coins: Sometimes you can't withdraw your coins for a specified period (Lock-up Period).

⚠️ Price fluctuations: Your profits might decrease if the value of the currency drops in the market.

⚠️ Technical risks: If you choose an unreliable platform, you might incur losses.

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🔹 How to start Staking step by step?

1. Choose the right currency

Among the most famous staking currencies:

ETH (Ethereum)

ADA (Cardano)

SOL (Solana)

BNB (Binance Coin)

2. Choose the platform

Binance: the easiest for beginners (Flexible or Locked Staking).

Coinbase / Kraken: Provide direct Staking options.

Private wallets: like Phantom (Solana) or Daedalus (Cardano) if you prefer to store it yourself.

3. Determine the type of Staking

Flexible: You can withdraw at any time, but profits are lower.

Locked: Higher profits, but you cannot withdraw until a certain period (for example, 30 or 90 days).

4. Start investing

Go to the app → Choose the currency → Press Stake → Choose the duration → Confirm the transaction.

Rewards start being distributed daily or weekly depending on the currency.

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🔹 Practical example

If you stake 1000 ADA at an annual interest of 4%,

After a year, you could earn an additional 40 ADA (price fluctuations in the market not accounted for).

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🔹 Summary

Staking is an excellent way to turn your digital currencies into income-generating assets instead of leaving them idle in your wallet.

But before you start:

Choose a strong currency and a reliable project.

Study the lock-up conditions.

Diversify your investment to reduce risks.