Staking on Binance.US | FAQ

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.

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.

The unstaking period is inclusive of any applicable unbonding period. For further instructions on getting started with staking, check out our how-to guide.

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.

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. 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.

For the latest updates on supported tokens and staking rewards rates, please refer to the Binance.US Staking homepage.

Once you initiate a staking request, you have until 00:00 UTC on the following day to cancel your staking request.

After this time, the bonding period will begin and you will be unable to cancel your staking request. However, once the bonding period has completed you can request to unstake your assets.

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 includes the unbonding period) is complete. Customers will not be eligible to earn staking rewards during the unstaking period.

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.

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 and the bonding or unbonding period when requesting to stake or unstake.

When you request to stake or unstake, we take blockchain operations on your behalf to begin or end (depending on whether you request to stake or unstake) your assets’ participation in the validation process of the relevant protocol. These operations may take up to 3 business days to complete, in addition to any applicable protocol’s bonding or unbonding period.

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.

When you stake on Binance.US, we initiate the bonding process on your behalf and 1) store your assets in cold wallets with a third-party staking custody provider (“Staking Custody Provider”) and 2) stake them to nodes run by our third-party staking services providers (“Staking Services Providers”). See our Terms of Use for more info.

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.

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.

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.

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.

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. 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 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.

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.

Binance.US stakes customer assets via third-party staking service providers (“Staking Services Provider”). For more information, please see the Staking Services section of our Terms of Use.

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.

Staking rewards for most assets are distributed on a weekly basis but may be distributed on a different frequency, e.g., biweekly or monthly, depending on the frequency with which the underlying protocol distributes rewards. After every rewards distribution, staking rewards are automatically restaked by BAM. If you want to gain access to your staking rewards immediately, you can opt out of automatic restaking. For your convenience, we estimate rewards rates based on historical staking data. Please see our Terms of Use for additional details.

Binance.US deducts up to a 35% service fee from earned staking rewards, which is already reflected in the estimated rewards rate.

Please note the service fee is subject to change. For more information, please see our Fees page.

Stake Audius (AUDIO), Avalanche (AVAX), BNB, Cardano (ADA), Celer Network (CELR), Cosmos (ATOM), Ethereum (ETH), Fetch.ai (FET), Harmony (ONE), Kusama (KSM), Kava (KAVA), Livepeer (LPT), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), Solana (SOL), Tezos (XTZ), Threshold Network Token (T), VeChain (VET/VTHO), Sui (SUI), and Ontology (ONT) on Binance.US Staking.