Let me explain to everyone what soft staking is, how to activate it, its benefits, and my personal experience
What is Soft Staking and how to activate it?
Soft staking is essentially an easy way to earn passive income using cryptocurrency. Unlike traditional fixed staking (where assets are locked for a period of time), soft staking allows your funds to remain liquid in a spot wallet. This means you can trade or withdraw assets at any time while still earning rewards
Activating it is usually very simple
Hold eligible assets: First, make sure the cryptocurrencies you hold support Soft Staking. Binance regularly updates the list of eligible tokens
Keep them in your spot wallet: That’s it! As long as the assets are in your spot wallet, you are usually automatically registered and start earning rewards. Most soft staking programs typically do not require you to click a separate 'activate' button. Binance often refers to it as 'flexible terms earning rewards' or a similar name, and your assets will automatically count towards the rewards
The benefits include:
1. Easy money: Truly passive income without complicated procedures or lock-up periods
2. Liquidity: Your funds are always available; you do not have to sacrifice flexibility for returns
3. Low risk: You do not face the smart contract risks associated with some DeFi protocols
From my personal experience, Soft Staking is a great way to quietly increase your portfolio. I hold multiple tokens on Binance, and over time, the rewards gradually increase, turning idle assets into productive ones
#SoftStaking #Binance #HODL