Do we give our coins to a validator on the blockhain with flexible staking or is it just like bank interests ?
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 ?
You are giving it to Binance. They can do with it what they want.
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