Staking is one of the most popular ways for crypto holders to support their favorite projects and earn rewards on their cryptocurrency holdings.
This article covers the basics of staking on Binance.US including what staking is, what the rewards are, and which cryptocurrencies are currently supported. You can also find detailed instructions on how to start staking, manage your staking rewards, and unstake on Binance.US by visiting here.
What's in this guide?
The Staking Process:
- What are bonding & unbonding periods?
- What does the processing time refer to?
- Are my funds secure while staking on Binance.US?
- What happens to my tokens, are they really staked with Binance.US?
- Does Binance.US lend, borrow, or trade with staked tokens?
- Does Binance.US commingle tokens with its other businesses?
- When I stake on Binance.US, are the protocols creating value, or just diluting value by distributing new tokens?
Rewards & Fees:
What is staking?
Crypto staking allows you to earn rewards on your cryptocurrency holdings. It is typically available on assets that use the Proof-of-Stake (PoS) consensus mechanism.
When you stake crypto, you commit your assets towards securing the asset's PoS network. Your assets are used to verify transactions, facilitate decentralized governance, and improve the network's resilience. The network rewards staking by generating rewards through newly created block rewards or transaction fees collected from circulating assets. Staking rewards generated by blockchain validation are passed to you minus a service fee.
Independent cryptocurrency staking can be a daunting process for most individuals. In addition to meeting hardware requirements that may vary from asset to asset, users may also need to install and run their own nodes. That’s where Binance.US Staking comes in. With a user-friendly interface and industry-leading uptime across nodes, Binance.US Staking is the destination of choice for customers looking to help secure crypto blockchains and protocols.
How does staking on Binance.US work?
With Binance.US Staking, the staking process has been simplified to just a few clicks, making it convenient for users to stake their tokens.
Binance.US Staking offers a selection of supported Proof-of-Stake cryptocurrencies, including Ethereum (ETH), Cardano (ADA), BNB, Polygon (MATIC), and more.
To get started with staking on Binance.US, simply choose a cryptocurrency that Binance.US offers for staking and submit a request to stake your funds. Once your request is processed and the applicable bonding period elapses (i.e., once your assets are staked to the validator nodes), you will begin to earn a reward rate based on the amount of cryptocurrency you have staked, network conditions and the protocol underlying each cryptocurrency eligible for staking, and potentially other factors. Once you have unstaked your funds, and the applicable unstaking period has elapsed, you will receive your initial staked funds back, along with the rewards earned during the staking period.
Who can stake on Binance.US Staking?
Binance.US Staking is available to all Binance.US customers who have signed up and completed Basic Verification. This process is incredibly simple and can be completed in as little as two minutes. Check out our easy to follow how-to guide and get started in just a few clicks.
How do I unstake my crypto?
You can request to unstake most supported assets at any time. Please note, you can only access or withdraw your staked assets once the unstaking period is complete. The unstaking period (which is inclusive of the unbonding period) refers to the time it takes before assets are available to transfer or sell following a request to unstake, and incl. This may vary depending on the network. Customers will not be eligible to earn staking rewards during the unstaking period.
To unstake, visit your Staked Balances. Click on the asset you would like to unstake and select Unstake. Enter the amount you’d like to unstake and click Unstake, then review and click Confirm. For more detailed instructions please visit our how-to guide.
Which cryptocurrencies are supported?
Binance.US currently supports staking for the following cryptocurrencies: BNB, Cardano (ADA), Cosmos (ATOM), Ethereum (ETH), Fetch.ai (FET), Harmony (ONE), Kava (KAVA), Kusama (KSM), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), Solana (SOL), Tezos (XTZ), Threshold Network Token (T), and VeChain (VET/VTHO). For the latest staking rewards rates, please refer to the Binance.US Staking homepage.
*Processing times (of up to 3 business days) are required before an asset can begin the bonding or unbonding period listed below. Please take this additional time into consideration.
|Asset Name||Bonding Period||
Rewards Distribution Frequency
|See here||See here||Weekly|
Near Protocol (NEAR)
Oasis Network (ROSE)
Threshold Network Token (T)
Can I cancel my staking request?
Once you initiate a staking request, you have until 00:00 UTC on the following day to cancel your staking request.
Can I access my funds while staking?
While staking rewards will be distributed according to the schedule customers agree to upon staking, customers can only access or withdraw their full or partial principal staked assets once 1) they unstake and 2) the unstaking period is complete. The unstaking period refers to the time taken for assets to unbond, which may vary depending on the network.
While customers can request to stake or unstake anytime, please note that due to the rules that govern the blockchain network, customers are unable to access or withdraw their staked assets until the unstaking period (which is inclusive of the unbonding period) is complete. Customers will not be eligible to earn staking rewards during the unstaking period.
Can my staked BNB be used to pay for trading fees?
Staked BNB funds cannot be used to pay for trading fees at this time. If you would like to qualify for the 5% fee discount when you use BNB to pay for fees, you must maintain an available BNB balance.
What are bonding and unbonding periods?
The bonding period refers to the amount of time the blockchain delegator waits after making a request to stake before their tokens are staked and eligible to earn rewards. No rewards are earned during the bonding period.
The unbonding period is the time that a blockchain delegator waits after making a request to unstake before their tokens can be accessed to move or sell. It varies between a few days to a few weeks. Staked assets don’t earn rewards during the unbonding period. Additionally, rewards are subject to unbonding periods, if applicable, and aren’t available for immediate withdrawal.
Please note that users must wait for both the processing time of up to 3 business days (see below) and the bonding or unbonding period when requesting to stake or unstake.
What does the processing time refer to?
Are my funds secure while staking on Binance.US?
When you stake on Binance.US, we initiate the staking process on your behalf and 1) store your assets in offline cold storage wallets and 2) stake them to nodes run by our third-party staking providers. Under no circumstances does Binance.US use your staked assets for other purposes, including lending or collateral provision, no matter which asset you choose to stake with us.
What happens to my tokens, are they really staked with Binance.US?
The staking process may vary depending on the cryptocurrency network. We use third-party service providers to stake your tokens. It may take up to 3 business days to process your staking request. The processing time is required in order to stake assets to the nodes and does not include any applicable bonding period.
Does Binance.US lend, borrow, or trade with staked tokens?
No. Under no circumstances does Binance.US use your staked assets for other purposes, including lending or collateral provision, no matter which asset you choose to stake with us.
Does Binance.US commingle tokens with its other businesses?
No. Binance.US maintains separate records in our general ledger and does not commingle customer funds with its own assets. Furthermore, customer funds and corporate funds are clearly segregated into different wallets.
In some scenarios, we may (1) stake assets to public nodes that could contain non-Binance.US funds staked to it as well and (2) stake our own corporate assets to these public nodes alongside our customer assets.
When I stake on Binance.US, are the protocols creating value, or just diluting value by distributing new tokens?
It is important to clarify an important misconception and note that staking is first and foremost, not a rewards mechanism or investment scheme, but a consensus model designed to contribute to the security, stability, and participation of blockchain networks.
While blockchain networks generate rewards in order to incentivize asset holders to participate in this process, staking should not be interpreted as an investment. Instead, it should be interpreted as a way for asset holders to participate in securing the blockchain and helping to validate transactions.
What are the rewards when it comes to staking?
While your funds are staked, you will earn a reward rate based on the amount of cryptocurrency you have staked, network conditions and the protocol underlying each cryptocurrency eligible for staking, and potentially other factors. Once you have unstaked your funds, and the applicable unbonding period has elapsed, you will receive your initial staked funds back, along with the rewards earned during the staking period.
Published rewards rates are estimates based on historical staking data. These estimates may change at any time to more closely reflect the actual on-chain staking rewards, which may vary due to the staked asset supply, network demand, changes to the protocol, and potentially other factors. The rewards that you ultimately receive will be the actual rewards generated by the relevant protocol and may be different from the estimate.
Where do Binance.US staking rewards come from?
Staking is a consensus model that contributes to the security, stability, and participation of blockchain networks via two primary means.
Firstly, staking rewards encourage participants to help validate transactions and contribute to the network’s operations. Secondly, staking penalizes misbehavior and malicious actors through the mechanism of slashing. Slashing effectively penalizes stakers for violating the network’s rules or not acting in the network’s best interests.
Together, the staking rewards and slashing mechanisms help maintain the security, integrity, and operations of blockchain networks.
At Binance.US, all staking rewards are generated solely by the protocols underlying each token eligible for staking through blockchain validation, and passed onto you subject to a service fee.
Will I receive the staking rewards that I earn from the project?
Yes. You will receive exactly what your tokens earn, minus the service fee, which is already reflected in the published Rewards Rate.
We are committed to providing clear and accurate information about the Rewards Rate you earn and any fees associated with our services, to avoid any hidden or unexpected costs.
For more information, please refer to our Fees page.
When will I receive my staking rewards?
Are there fees for staking on Binance.US?
Binance.US deducts a 20% to 35% service fee from earned staking rewards, which is already reflected in the estimated Rewards Rate.
Our standard service fee is 20% for ETH; 30% for ADA, ATOM, DOT, SOL, and XTZ; and, up to 35% for other assets.
Please note the service fee is subject to change. For more information, please see our Fees page.
Grow your crypto with staking on Binance.US
Stake BNB, Cardano (ADA), Cosmos (ATOM), Ethereum (ETH), Fetch.ai (FET), Harmony (ONE), Kusama (KSM), Kava (KAVA), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), Solana (SOL), Tezos (XTZ), Threshold Network Token (T), and VeChain (VET/VTHO) on Binance.US Staking.
- Binance.US Staking Homepage
- How to Stake, Unstake, & Manage Rewards on Binance.US (Instructions For Web & App)
- Ethereum PoS and Staking Ethereum on Binance.US
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Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.
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