Staking is one of the most popular ways for crypto holders to grow their funds without having to seek profits through trading.
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. While the platform will facilitate all staking operations on a technical level, rewards accrued through staking are passed on to participating customers. Staking terms can be found in our Terms of Use.
*Please note: ETH staking is subject to an unspecified lockup period until Ethereum transitions to proof-of-stake and completes a subsequent major upgrade known as 'Shanghai', which will enable staking withdrawals. Binance.US has no control over when this will happen. You can learn more about the risks and rewards of staking ETH and the transfer of Ethereum to a PoS model here.
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 earn passive income on their existing cryptocurrency holdings. 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 earn rewards on their assets.
How are my funds secured while staking on Binance.US?
When you stake on Binance.US, your crypto is staked from cold storage. Rewards are distributed by the blockchain network and passed on to you via blockchain validation. Your funds are never exposed to leverage or loan structure risk.
What are the rewards when it comes to staking?
Rewards earned via staking usually come in the form of additional tokens that accrue during the staking period. However, rates (typically calculated in the form of APY) may vary depending on the cryptocurrency, network conditions, and staking configurations.
APY in the Binance.US Staking context refers to the rate of return customers can expect to receive on a staked asset. Please note that the APY for cryptocurrencies will vary based on several factors, including supply and demand.
Where possible, Binance.US strives to offer the highest APYs possible on the widest selection of assets. In addition, while customers can earn APY on their initial staked assets, the USD value of the crypto asset itself will also fluctuate.
Are there fees for staking on Binance.US?
Published APY rates are estimates that are calculated based on the average APY accrued over the past 90 days. Actual on-chain staking APYs vary depending on the staked asset supply, network demand, or in some circumstances, proposed protocol changes voted in by the community.
Binance.US takes a small commission in exchange for facilitating all technical staking requirements, while striving to offer class-leading APYs for all supported cryptocurrencies on Binance.US Staking.
Which cryptocurrencies are supported?
Binance.US currently supports staking for the following cryptocurrencies: Audius (AUDIO), Avalanche (AVAX), Band Protocol (BAND), BNB, Cardano (ADA), Celer Network (CELR), Cosmos (ATOM), Flow (FLOW), Ethereum (ETH), Fantom (FTM), Harmony (ONE), Livepeer (LPT), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), SKALE Network (SKL), Solana (SOL), The Graph (GRT), Threshold Network Token (T), Tron (TRX), and VeChain (VET/VTHO). For the latest staking APYs, please refer to the Binance.US Staking homepage.
| Minimum Staking Limit | Maximum Staking Limit | Unstaking Period (Days) | |
|
Audius (AUDIO) |
0.01 | 85,000 | 21 |
|
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 | 3600 | 14 |
|
Ethereum (ETH) |
0.001 | 4,000 | See here |
|
Fantom (FTM) |
0.01 | 350,000 | 7 |
|
Harmony (ONE) |
0.01 | 6,800,000 | 6 |
|
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 |
|
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 |
*Please note: ETH staking is subject to an unspecified lockup period until Ethereum transitions to proof-of-stake and completes a subsequent major upgrade known as 'Shanghai', which will enable staking withdrawals. Binance.US has no control over when this will happen. You can learn more about the risks and rewards of staking ETH and the transfer of Ethereum to a PoS model here.
We are continually working to expand the list of supported staking assets while delivering competitive and class-leading APYs on all our supported staking assets.
When will I receive my staking rewards?
Once assets have been staked, customers will begin to earn staking rewards at a steady rate, which may vary based on our published APY estimates and asset-specific network conditions. All rewards are calculated daily and distributed on a weekly basis.
Customers can withdraw accrued staking rewards immediately or use our Auto-Restake feature to further increase their yields by “restaking” their staking rewards each week — available on select assets.
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, which may vary depending on the network.
While customers can stake or unstake anytime, with no lockup periods( with the exception of ETH, which is subject to its own rules here), please note that due to the rules that govern the blockchain network, customers are unable to access or withdraw their staked assets, nor will they be able to earn staking rewards until the unstaking period is complete. The unstaking period refers to the time taken for assets to unbond, which may vary depending on the network.
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 Audius (AUDIO), Avalanche (AVAX), Band Protocol (BAND), BNB, Cardano (ADA), Celer Network (CELR), Cosmos (ATOM), Flow (FLOW), Ethereum (ETH), Fantom (FTM), Harmony (ONE), Livepeer (LPT), Near Protocol (NEAR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), SKALE Network (SKL), Solana (SOL), 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
Download the Binance.US app to trade on the go: iOS | Android
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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.
Staking disclaimer: Staking Rewards are not guaranteed and are subject to change at any time and in the sole absolute discretion of Binance.US. 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.