🧠 What is staking?

Staking is the process of locking cryptocurrency to support the operation of the blockchain network, for which the user receives rewards in the form of interest. It is analogous to a bank deposit but in the crypto world. It is based on the Proof of Stake (PoS) algorithm, where the more coins you have locked, the larger share you have in the network.

Types;

🔒 Locked Staking (Fixed staking)

This is a type of staking where your cryptocurrency is locked for a predetermined period — for example, 30, 60, or 90 days. During this period, you cannot withdraw funds or change the terms.
Flexibility: none — funds are locked until the term ends.
Profitability: high — since you take on restrictions, the platform offers better rates.

🔁 Flexible Staking (Flexible staking)

In this option, you can withdraw funds at any moment, without penalties or loss of rewards. This is convenient for those who do not want to lock assets for a long time.
Flexibility: high — full freedom in managing funds.
Profitability: average — interest rates are lower than in Locked Staking, as the risk for the platform is lower.

🧠 DeFi Staking (Staking through decentralized finance)

This type of staking is done through smart contracts, often involving third-party protocols (e.g., Aave, Curve, Lido). It can be part of complex DeFi strategies.
Flexibility: conditional — depends on the protocol, but often accompanied by risks (e.g., hacks, bugs in contracts).
Profitability: high but risky — rewards can be significant, but there are no guarantees of stability.

🛠 How to start earning — step by step

  1. Choose a platform — Binance, WhiteBIT, OKX, Bybit, HTX, etc.

  2. Register and complete KYC — identity verification.

  3. Buy cryptocurrency — for example, ETH, SOL, ADA, USDT.

  4. Go to the Earn or Staking section.

  5. Choose the type of staking — Locked or Flexible.

  6. Start staking — funds are locked, and you receive interest.

⚠️ What to consider

  • Volatility: the token's price can change.

  • Funds locking: Locked Staking does not allow early withdrawal.

  • Platform reliability: choose exchanges with a good reputation.

  • Inflation: consider it in fiat calculations.

📚 Useful resources

  • MixFin — what is staking and how to earn

  • TradersUnion — how to earn more on staking USDT than in a bank