If you are new to the cryptocurrency world, you must have heard about Binance. But what is Binance, and how to use it? Don’t worry, this article will help you understand the main categories on Binance in a simple and easy-to-follow way. Let’s get started!
What is #Binance ?
Think of Binance as a massive marketplace where you can buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and hundreds of other coins. But Binance is not just about buying and selling. There are so many exciting things you can do on this platform!

#Stacking is passive income from #cryptocurrencies based on PoS or DPoS algorithms. The essence of this process is to hold coins on a wallet in order to get the right to participate in mining cryptocurrency and receive profit for it.

Various cryptocurrencies are suitable for stacking: DASH, PIVX, Tezos, Cosmos, Lisk, Waves, VeChain and others. In the next 1-2 years, Ethereum may get on this list, because they are now actively working on the transition to PoS-mining.

Each #cryptocurrency has its own conditions for stealing. In one case coins simply accrue depending on the size of your account, in another - you need to have a certain minimum amount, in the third - the cryptocurrency is transferred to a validator, which holds a pool of coins and then distributes income depending on the contribution of each participant.

Earnings from staking are now actively offered by cryptocurrency exchanges and custodial services. They take their clients' cryptocurrency and use it for mining, and users are paid a portion of the #profits .