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What is Soft Staking?

#SoftStalking

#SoftStalking

It is a way to earn returns on the cryptocurrencies you hold, without the need to lock them up or prevent you from acting on them. This means you can sell or transfer your currency at any time, and still receive periodic rewards.

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The difference from regular staking:

Regular staking requires you to lock your coins for a specific period (for example, 30 or 90 days), during which you cannot touch them. But in Soft Staking, there is no lock at all; you have complete freedom to control your currency.

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How does it work?

Some platforms like Binance or OKX monitor your balance of certain coins, and if you hold them in your wallet (or savings account), they automatically give you a daily or weekly return, without you needing to do anything extra.

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Its advantages:

You can withdraw or sell your coins at any time.

You earn profits even if you haven't locked your coins.

Suitable for people who like flexibility and do not want to commit to long lock-up periods.

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Its only drawback:

The return is often lower than traditional staking, because there is no lock period, so the risk is less.