#secstacking
Hello, hello.. Here again, trying out square posts to leave my opinion on Binance staking even though it seems difficult to prepare a presentation with at least ten thousand words, not to mention that I am curious about how the APR rates vary without knowing the reason or what factor causes that variation.. the rest is pure filler to test how many words I can add:
Staking on Binance is the process of locking cryptocurrencies in a wallet to validate transactions on a blockchain network. In return, additional cryptocurrency rewards are received.
Binance offers two types of staking:
Locked staking
Funds are locked for a specified period, such as 7, 30, or 90 days, in exchange for higher rewards.
Flexible staking
Funds can be withdrawn at any time, but the APY is usually lower than locked staking.
To start staking on Binance, one can:
Register on Binance.
Deposit or buy a cryptocurrency suitable for staking.
Go to the “Earn” section and select “Staking.”
Choose the participation terms.
Confirm the transaction.
