Mika
VIP Contributor
In a layman’s term, staking cryptocurrency means, depositing your cryptocurrency in an account on an exchange platform to earn fixed rewards for a fixed tenure. Staking cryptocurrency is just like depositing money in a fixed deposit account for a fixed term to earn higher interest rates. Just like with your fixed deposit bank account where you cannot use your funds until the fixed deposit term ends, you cannot also use your staked cryptocurrency. However, some platform allows you to use your staked cryptocurrency.
There are a lot of platforms that you can use to earn from my cryptocurrencies by staking. Binance is one such platform that you can use for staking. Another platform that I can suggest is Exodus. You can stake your cryptocurrency on Binance and Exodus and make extra money from your cryptocurrencies.
There are a lot of platforms that you can use to earn from my cryptocurrencies by staking. Binance is one such platform that you can use for staking. Another platform that I can suggest is Exodus. You can stake your cryptocurrency on Binance and Exodus and make extra money from your cryptocurrencies.