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What is staking and how does it work on Binance.us?

avatarOh MartensDec 16, 2021 · 3 years ago1 answers

Can you explain what staking is and how it works on Binance.us? I'm new to cryptocurrency and want to understand how staking can benefit me.

What is staking and how does it work on Binance.us?
Staking
Binance.us
Cryptocurrency

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a leading cryptocurrency exchange that also offers staking services. Staking on BYDFi allows you to earn passive income by holding and locking up your cryptocurrencies. The process is similar to staking on other exchanges. You deposit your coins into the staking wallet and BYDFi takes care of the rest. With BYDFi, you can stake a wide range of cryptocurrencies and enjoy competitive rewards. Staking on BYDFi is a great way to make your crypto work for you and earn additional income.

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