💰 What is staking and how does it work on Binance?💰
When I heard the word staking, I thought it was something complicated or only for experts.🤓🥸🧐
But with a little capital and a lot of eagerness to learn, I decided to research… and I was surprised at how simple it was.😃😃
❓❓What is staking?❓❓
It is a way to generate passive income just by holding certain cryptocurrencies locked.🪙🪙
It's like earning interest, but in the crypto world.📈📈
On Binance you can do it in two ways:
1️⃣🔒 Locked staking
You choose how long you lock your cryptos (30, 60, 90 days, etc.)
✔️ Higher yield
✖️ You cannot move your funds during that period
2️⃣🔓 Flexible staking
You can withdraw your balance whenever you want
✔️ More freedom
✖️ Lower yield
I started with a small amount of BNB, and even though it wasn't much, I liked seeing how my cryptos started working for me.😉😉📈😉😉
📌 Tip: If you are just starting, staking is a great way to learn and grow your portfolio without selling.
Have you already staked on Binance?
What was the first crypto you used?
leave your comments, 👁️🗨️👁️🗨️
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