With locked staking your coins are used to make transactions on the blockhain or/and given to a validator to do that.

Is it the case in flexible too ? Or is it just like bank interests ?

Thank you

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  1. POVTips on 3. May 2023 at 12:28

    You are giving it to Binance. They can do with it what they want.


  2. BinanceCSHelp on 3. May 2023 at 12:28

    Hi there! Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
    You can read more about it here [https://academy.binance.com/en/articles/a-beginners-guide-to-earning-passive-income-with-crypto](https://academy.binance.com/en/articles/a-beginners-guide-to-earning-passive-income-with-crypto) or join our live chat for further questions! [https://binance.com/en/chat](https://binance.com/en/chat) we are always there to assist you❤️ -NR