Binance offers a simple way to grow your crypto holdings through stacking (staking) and holding. These methods are ideal for those seeking to earn passive income without actively trading.
Stacking (Staking) on Binanceđ°
Staking on Binance involves locking your crypto to support blockchain operations and earning rewards. The platform offers various staking options like locked staking, where you commit assets for a fixed time (30, 60, or 90 days), and DeFi staking, which lets you earn without complex setups.
Steps to Start:
1. Open a Binance account.
2. Go to the "Earn" section.
3. Choose your staking option (e.g., locked or flexible).
4. Select your asset and staking period.
Holding Assets đ”
Simply holding assets (HODLing) on Binance can lead to gains during market uptrends. Binanceâs secure wallet lets you safely store assets while waiting for long-term price increases.
Both staking and holding are solid strategies for earning passive income on Binance with minimal effort.
