#BuiltonSolayer Profiting from Binance Without Trading: Staking Cryptocurrencies for Earnings
Staking cryptocurrencies (or what is known as Staking or freezing digital assets) is a popular method in the crypto world to earn passive income by holding your digital currencies in a wallet or platform that supports this feature. Here’s a simplified explanation:
✅ What is Staking?
Staking cryptocurrencies means locking a certain amount of your digital currencies in a network or platform for a specified period of time, in exchange for returns or profits (often annual percentages).
💰 How do you earn?
You help operate the network (such as securing transactions or providing liquidity), and in return, you receive rewards:
The profit percentage is typically between 3% to 20% annually (depending on the currency and platform).
Profits are paid out daily, weekly, or monthly.
📌 Examples of Staking:
Currency Approximate Profit Percentage Notes BNB 3% - 6% annually On Binance platform ETH 4% - 8% After Ethereum 2.0 upgrade SOL 6% - 10% Supported by many wallets USDT 5% - 12% Through saving programs like Binance Earn
⚠️ Tips Before Staking:
Monitor the staking duration: Some currencies are locked for days or months.
Check for flexibility: Some platforms allow you to unstake before the duration ends.
Link staking to a trusted platform (such as Binance, Kraken, or the official wallets of the currency).
