Crypto staking and bank deposits are two different ways to earn passive income on savings. With crypto staking, one holds a certain amount of cryptocurrency in a digital wallet for a period of time to earn rewards in more cryptocurrency. With bank deposits, one deposit money into a savings account with a financial institution for a fixed period of time, with the bank paying interest on the deposited amount. While both options have the potential to earn passive income, they come with different risks and benefits. Crypto staking can be more volatile, while bank deposits offer more stability and security. Ultimately, the choice between the two depends on an individual's investment goals, risk tolerance, and financial situation.
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