When mining you just have to bring hardware and enough computing power to earn cryptocurrencies, but this is becoming more and more difficult, especially with the most famous cryptocurrency Bitcoin, where you have to invest a lot in hardware to make it worthwhile!
It is easier to earn crypto at various crypto exchanges by staking or you can participate in the launch of a cryptocurrency, use your own crypto or stablecoins and earn percentages of new cryptocurrencies.
This post is about staking and various savings products at the Binance crypto exchange, where you get interest in return and can thus increase your crypto ... but first, you need the right cryptocurrencies
Everyone who deals with cryptocurrencies would like to somehow earn crypto money or, best of all, produce it themselves, i.e. receive cryptocurrencies by mining ... but that is not that easy and with Bitcoin, it requires a lot of hardware and a lot of computing power!
Ordinary consumers actually only have a chance to earn cryptocurrencies by mining in mining pools and for this reason, I would like to explain another way of earning new cryptocurrencies with crypto money.
The magic word is "staking" ... the crypto exchange Binance offers a lot of possibilities where you can earn further cryptocurrencies in the form of interest with your own crypto and you have the following options to choose from:
Flexible savings products
Fixed savings products
other activities
With the flexible savings products, Binance offers a way to use your crypto money and receive interest in the form of cryptocurrencies ... with this product you can withdraw your own crypto money at any time and thus have full control over it ... currently, there are plenty flexible savings products for cryptocurrencies!
However, the interest rates are correspondingly low, but sometimes you can also find cryptocurrencies where the interest rate is higher than usual.
With the fixed savings products you have less choice and with a few exceptions (EOS) only stablecoins are listed there (USDT, BUSD, USDC) ... the interest rates for the three stablecoins.
For most of these options here is a minimum number of what you have to deposit for each cryptocurrency and you can choose between 30, 60, and 90 days for the block ... the longer the lock, the higher the interest.
Last but not least I have to emphasize that leaving your Crypto at exchanges is potentially dangerous because "Not your keys, not your coin." so be careful out there :)
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