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.
Binance.US simplifies the staking process, allowing customers to stake in a few clicks. When you stake on Binance.US, we initiate the staking process on your behalf and pass the rewards onto you. Staking terms can be found in our Terms of Use.
What's in this guide?
- What is staking?
- How are my funds secured while staking on Binance.US?
- What are the rewards for staking?
- Are there fees for staking on Binance.US?
- Which cryptocurrencies are supported?
- When will I receive my staking rewards?
- Can I access my funds while staking?
- Can my staked BNB be used to pay trading fees?
- Additional resources
What is staking?
Cryptocurrency staking allows customers to support their favorite projects and contribute to the network’s security and operation while earning rewards. Like the name suggests, cryptocurrency staking is typically, but not always, available on assets that use the Proof-of-Stake (PoS) consensus mechanism.
Here’s how it works: When a user stakes crypto, they commit their assets toward securing the asset’s Proof-of-Stake (PoS) network. As long as the assets remain staked, they’re used to verify transactions on the network, facilitate decentralized governance, and improve the network’s resilience.
To incentivize staking, the network generates rewards through newly created block rewards and/or transaction fees collected from circulating assets.
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, Staking is the destination of choice for customers looking to support their favorite project and earn rewards on their digital assets.
How are my funds secured while staking on Binance.US?
When you stake on Binance.US, we initiate the staking process on your behalf and 1) securely 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 digital assets funds for other purposes, including lending or collateral provision, no matter which asset you choose to stake with us.
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.
Please note that staking rewards are not guaranteed and are subject to change at any time. For more information, please see the Staking Services section of our Terms of Use.
Binance.US strives to offer competitive staking rewards rates that compare to other major U.S. staking platforms. In addition, while customers can earn rewards on their initial staked assets, the USD value of the crypto asset itself will also fluctuate.
Published rewards rates are estimates that are calculated based on the average rewards rate accrued over the past 90 days. Actual on-chain staking rewards rates vary depending on the staked asset supply, network demand, or in some circumstances, proposed protocol changes voted in by the community.
Are there fees for staking on Binance.US?
Binance.US takes a small commission in exchange for facilitating all technical staking requirements, while striving to offer competitive rewards rates for all supported cryptocurrencies on Binance.US Staking.
Which cryptocurrencies are supported?
Binance.US currently supports staking for the following cryptocurrencies: Algorand (ALGO), Audius (AUDIO), Avalanche (AVAX), Band Protocol (BAND), BNB, Cardano (ADA), Celer Network (CELR), Cosmos (ATOM), Flow (FLOW), Ethereum (ETH), Fantom (FTM), Fetch.ai (FET), Harmony (ONE), Kava (KAVA), Kusama (KSM), Livepeer (LPT), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), SKALE Network (SKL), Solana (SOL), Tezos (XTZ), The Graph (GRT), Threshold Network Token (T), Tron (TRX), and VeChain (VET/VTHO). For the latest staking rewards rates, please refer to the Binance.US Staking homepage.
| Minimum Staking Limit | Maximum Staking Limit | Unstaking Period (Days) | |
|
Algorand (ALGO) |
0.01 | 240,000 | 10 |
|
Audius (AUDIO) |
0.01 | 85,000 | 7 |
|
Avalanche (AVAX) |
0.01 | 8,000 | 0 |
|
Band Protocol (BAND) |
0.01 |
11,000 |
21 |
|
BNB |
0.01 | 10,000 | 7 |
|
Cardano (ADA) |
0.01 |
4,400,000 |
0 |
|
Celer Network (CELR) |
0.01 |
500,000 |
8 |
|
Cosmos (ATOM) |
0.01 | 20,000 | 21 |
|
Flow (FLOW) |
0.01 | 3,000 | 14 |
|
Ethereum (ETH) |
0.001 | 4,000 | See here |
|
Fantom (FTM) |
0.01 | 350,000 | 7 |
|
Fetch.ai (FET) |
0.01 | 25,000 | 21 |
|
Harmony (ONE) |
0.01 | 6,800,000 | 6 |
|
Kava (KAVA) |
0.01 | 15,000 | 21 |
|
Kusama (KSM) |
0.01 | 20 | 7 |
|
Livepeer (LPT) |
0.01 | 2,500 | 7 |
|
Near Protocol (NEAR) |
0.01 | 20,000 | 2 |
|
Oasis Network (ROSE) |
0.01 | 130,000 | 14 |
|
Polkadot (DOT) |
0.01 | 13,000 | 28 |
|
Polygon (MATIC) |
0.01 | 1,500,000 | 3 |
|
SKALE Network (SKL) |
0.01 | 70,000 | 0 |
|
Solana (SOL) |
0.01 | 30,000 | 2 |
|
Tezos (XTZ) |
0.01 | 5,000 | 21 |
|
The Graph (GRT) |
0.01 | 500,000 | 28 |
|
Threshold Network Token (T) |
0.01 | 90,000 | 0 |
|
Tron (TRX) |
0.01 | 700,000 | 0 |
|
VeChain (VET/VTHO) |
0.01 | 50,000,000 | 0 |
We are continually working to expand the list of supported staking assets while delivering competitive rewards rates on all our supported staking assets.
When will I receive my staking rewards?
Rewards are calculated daily and most are distributed on a weekly basis (see our Terms of Use for additional details). At distribution time you can receive your rewards immediately or use our Auto-Restake feature to “re-stake” your rewards - available on select assets. For your convenience, we estimate rewards based on rewards earned in prior periods.
Can I access my funds while staking? Is there a lock-up period?
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 stake or unstake anytime, with no lockup periods, 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 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 25% fee discount when you use BNB to pay for fees, you must maintain an available BNB balance.
Grow your crypto with staking on Binance.US
Stake Algorand (ALGO), Audius (AUDIO), Avalanche (AVAX), Band Protocol (BAND), BNB, Cardano (ADA), Celer Network (CELR), Cosmos (ATOM), Flow (FLOW), Ethereum (ETH), Fantom (FTM), Fetch.ai (FET), Harmony (ONE), Kusama (KSM), Kava (KAVA), Livepeer (LPT), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), SKALE Network (SKL), Solana (SOL), Tezos (XTZ), The Graph (GRT), Threshold Network Token (T), Tron (TRX), and VeChain (VET/VTHO) on Binance.US Staking.
Additional Resources
- 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.
Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information.
Disclaimer: Staking Rewards are not guaranteed and are subject to change at any time. For more information, please see the Staking Services section of our Terms of Use.
Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.