**Binance Soft Staking** is a feature offered by **Binance**, one of the world's largest cryptocurrency exchanges, that allows users to earn passive income by simply holding certain cryptocurrencies in their **Binance Spot Wallet**. Unlike traditional staking, which often requires locking up funds for a fixed period, **Soft Staking** enables users to earn rewards **without locking their assets**, meaning they can trade or withdraw them at any time.
### **Key Features of Binance Soft Staking:** 1. **No Lock-Up Period** – Unlike fixed staking, your funds remain liquid, and you can trade or withdraw them anytime. 2. **Automatic Rewards** – Binance automatically distributes staking rewards, usually daily or monthly, depending on the coin. 3. **Supported Cryptocurrencies** – Not all coins are eligible; popular options include **ETH, MATIC, ADA, DOT, SOL, ATOM**, and others. 4. **Flexible & Convenient** – No need to manually stake or delegate; rewards are earned just by holding the coins in your Spot Wallet. 5. **Competitive APY** – The Annual Percentage Yield (APY) varies by coin and market conditions but is generally lower than locked staking.
### **How to Enable Soft Staking on Binance?** 1. **Log in** to your Binance account. 2. **Deposit** a supported cryptocurrency into your **Spot Wallet**. 3. **Hold** the asset—no additional steps are needed. 4. **Rewards** are automatically credited to your account.
### **Difference Between Soft Staking and Other Staking Options:** | Feature | **Soft Staking** | **Locked Staking** | **DeFi Staking** | |-----------------|----------------|------------------|----------------| | **Lock Period** | No lock-up | Fixed term (7–120 days) | Varies (often locked) | | **Flexibility** | Fully flexible | Funds locked until term ends | Often requires unbonding period | | **APY** | Lower (~1–10%) | Higher (~5–20%) | Highest (but riskier) | | **Risk** | Low (Binance-backed) | Medium (locked funds) | High (smart contract risks) |