Staking/Flexible Savings on Binance
1. Staking (Locking Cryptos)
- What it is: You "lend" your cryptos (e.g., BTC, ETH, BNB) to Binance to support blockchain networks and receive rewards.
- How:
- Go to [Earn] → [Staking] on Binance.
- Choose a project (e.g., BNB gives ~5-10% annually).
- Lock your cryptos (fixed terms: 7, 30, 90 days).
- Profitability: Higher than traditional savings, but with volatility risk.
2. Flexible Savings
- What it is: Deposits without a fixed term that generate daily interest (you can withdraw whenever you want).
- How:
- Go to [Earn] → [Flexible Savings] on Binance.
- Deposit BTC (or stablecoins like USDT for less risk).
- Profitability: ~1-5% annually (varies by demand).
