Binance Staking Tutorial: Earn Passive Income on Your Crypto
Staking allows you to earn rewards on your cryptocurrency holdings on Binance. Here's a step-by-step guide to get started:
1. Choose Your Staking Option:
Login to your Binance account and hover over "Earn" on the top navigation bar.
Select "Staking" from the dropdown menu.
You'll see various Staking options:
Locked Staking: Earn higher APY (Annual Percentage Yield) by locking your crypto for a fixed term.
Flexible Staking: Enjoy greater flexibility with daily redemptions but with a lower APY.
Savings: Park your crypto for a short period and earn a small amount of interest.
2. Select Your Preferred Coin:
Browse the available Staking options and choose the coin you want to stake.
Consider factors like APY, lock-in period, and your risk tolerance when making your decision.
3. Stake Your Crypto:
Click on the "Stake Now" button for your chosen coin.
You'll see details like the available staking pool, APY, and lock-in period (if applicable).
Enter the amount of crypto you want to stake and confirm your selection.
4. Monitor Your Staking Activity:
You can track your Staking activity at any time.
Go to "Earn" > "Staking" and select "Earned History" to see your rewards.
Here are some additional points to remember:
Not all cryptocurrencies on Binance are available for Staking.
Staking rewards are paid out in the cryptocurrency you staked.
You can unstake your holdings before the lock-in period ends (for locked staking) but may incur a fee or miss out on some rewards.
Safety Tips:
Only stake on the official Binance platform. Never share your login credentials with anyone.
Do your own research on the coin you want to stake and understand the associated risks.
By following these steps, you can easily start Staking your crypto on Binance and earn passive income on your holdings!
