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Can I stake my egld on Binance for passive income?

avatarsanedealerDec 24, 2021 · 3 years ago3 answers

Is it possible to stake my egld (Elrond Gold) on Binance and earn passive income?

Can I stake my egld on Binance for passive income?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, you can stake your egld on Binance and earn passive income. Binance supports staking for various cryptocurrencies, including egld. By staking your egld on Binance, you can participate in the network's consensus and earn rewards for securing the network. It's a great way to earn passive income with your egld holdings.
  • avatarDec 24, 2021 · 3 years ago
    Definitely! Binance offers staking services for egld, allowing you to earn passive income. By staking your egld, you contribute to the security and stability of the Elrond network while earning rewards. It's a win-win situation for holders of egld who want to maximize their returns.
  • avatarDec 24, 2021 · 3 years ago
    While Binance is a popular cryptocurrency exchange, it does not currently support staking for egld. However, you can explore other platforms like BYDFi that offer staking services for egld. Staking your egld on BYDFi allows you to earn passive income while supporting the Elrond network. Make sure to do your research and choose a reliable platform for staking your egld.