Cryptocurrencies are assets, and they should not lie dead waiting for the next rise in the rate. Selling virtual coins is not necessary to generate income. You just need to activate Binance Staking at https: // www. binance. com /. What it is and how you can make money here, we will now tell you. But, first, a little history. Back in 2012, the first Peercoin cryptocurrency was created using the hybrid POW / POS consensus algorithm. Together with the miners, the network was serviced by trusted nodes, which were gradually supposed to completely replace the owners of computing power. Earning on staking is closely related to the concept of Proof of Stake (proof of ownership). To launch a trusted node and make money on processing transactions and creating new blocks, you need to freeze a certain amount of cryptocoins. If there is a desire, but money is not enough, you can turn to other network participants. But, of course, no one will lend just like that, you will need to give a part of the profit. The method of assigning validators may differ on different blockchains. Sometimes users directly vote for a specific participant, delegating their coins to him, and sometimes they join a staking pool or have to run a full node themselves. In any case, the principle of staking remains the same - you freeze coins and receive income in the form of interest. And for this it is not at all necessary to have a personal wallet. Register at https: // www. binance. com and start staking directly from your deposit. The exchange has a very good security system in the selection of projects and will not offer you staking of a hopeless blockchain, whose coins will depreciate faster than you can get your interest. Navigation through the material: Every registered user can receive passive income on the Binance crypto exchange. The only condition is the presence of this cryptocurrency on a personal deposit. The launch of staking does not mean that coins become inaccessible for other operations. You can sell or withdraw all or part of your assets at any time. But, at the same time, staking payments will completely stop or decrease in direct proportion to the number of altcoins withdrawn. The basis for recalculation is the fact that the order has been issued. That is, coins frozen on a limit or stop-limit order no longer participate in staking. As for the terms, the client can choose between fixed, unlimited and defi staking. We will tell you more about each species. Locked Staking has an exact final end date that the client sets when freezing assets. That is, the fixed staking agreement will expire 7,30,60 or 90 days after launch. The minimum unlocking period is usually a day, with the exception of the BAND cryptocurrency, which has an Unlock Period of 7 days. The minimum unblocking period is the period after which the accrual of interest on the staked deposit begins. If the client stops staking early, they will not receive any income. Flexible Staking does not have a fixed end date, that is, interest is charged until the client issues a sell order or withdraws the cryptocurrency from the exchange. Money starts to drip one day after the start of staking and is paid every 30 days. This method is convenient because your coins are simply stored in the spot wallet, within 30 days you receive rewards for storing coins. The amount of income and the minimum amount of funds depends on the coin. Binance staking of 25 altcoins is supported. See the full list here. DeFi (Decentralized Finance) is a way of providing financial services to users through smart contracts. Existing DeFi projects aim to provide higher annual returns for certain currencies. To connect defi staking to binance, you do not need to buy tokens from one of the decentralized lending projects. Assets are suitable: the Exchange itself will invest them in a profitable project. There is a relatively high threshold for users of DeFi products. Binance DeFi staking acts on behalf of users to participate in certain DeFi products, receive and distribute realized profits, and help users engage in decentralized lending with a click. Open defi staking in the "Finance" section and click "Stake now". Binance selects only the best DeFi projects in the industry and monitors system performance in real time to mitigate the risks associated with such projects. Binance clients get rid of exorbitant fees. With the lowest level of risk, users can get the highest possible return in the best possible way. The client can transfer one of the coins available for staking from an external wallet. The deposit address is available in the Spot Wallet section. And also any of the coins can be bought on the exchange for fiat (rubles, dollars, euros) or another crypt.