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How to achieve passive income on Binance, my mom no longer has to worry about me losing money in Cryptocurrency Trading.
One: That is to use Binance's
#SoftStaking, Binance's Soft Staking is a simple and flexible way for users to earn staking rewards daily while holding specific cryptocurrencies (such as BNB, SOL, ADA, etc.) without locking up their assets. It is suitable for long-term holders who wish to maintain asset liquidity, but returns may fluctuate due to market volatility.
2: What is coin staking and how to activate it?
Holding coins for interest refers to a method of automatically earning daily staking rewards by holding specific tokens (such as BNB, SOL, ADA, etc.) in the Binance spot wallet.
Activation Method:
1. Ensure that your spot wallet has supported tokens and meets the minimum holding requirements for each token (e.g., BNB, SOL, etc.).
2. Log in to Binance, go to the "Earn" page, select "Soft Staking", and click "Activate". No complicated steps are required.
Three: The benefits and user experience of holding coins for interest:
1. Benefits:
- Automatically earn rewards every day, suitable for users who want to earn passive income.
- No need to lock assets, trade or withdraw at any time, maintaining asset flexibility.
- Easy to operate, just hold the tokens directly in the spot wallet.
2. User Experience:
I find soft staking very convenient, especially for long-term holders (HODLers). I hold BNB and SOL, and I can see small rewards accumulating daily while also being able to adjust my strategy according to market conditions. It feels like I am getting both returns and flexibility.
If you are a long-term holder, then why not take the assets you have and use them for #SoftStaking?