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What is Binance.US Staking?

  • Updated

Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Users are rewarded for simply depositing and holding coins on Binance.US as they normally would. With staking on Binance.US, users can receive staking rewards all while just being a regular Binance.US user. For all users, this means more freedom & accessibility into staking participation for all chains without giving up full liquidity.

How can I participate?

Deposit supported coins into your Binance.US account today and start earning - it’s that simple!

Which coins do we currently support?

Binance.US currently supports staking for VET, XTZ, ATOM, EOS, ONE, and ALGO.

Will Binance.US be charging any fees?

Binance.US will not charge any fees for staking. Our philosophy is simple - we want users to earn the most they can get - and all rewards we receive will be shared with our users. However, we cannot ensure or guarantee any rewards, but we will try to optimize such that users get an optimal amount of rewards.

Can I trade while staking?

Yes, you will always be able to trade any coins you have. However, once a trade is filled, the amount of staked balance will change, and the corresponding rewards that you will earn from daily snapshots will change accordingly. You can trade to accumulate supported staking coins, as well as sell them at any time.

How can I stop staking? Is there a lock-up period?

Users accrue staking rewards from simply holding coins on Binance.US. Simply sell or withdraw any supported coin at any time to stop receiving staking rewards on Binance.US. Currently, there are no lock-up periods as of this time for the current supported coins to reduce the friction for user participation in staking. Instead, there is a 24-hour “wait” period before balances are accounted for during our daily snapshots, to deter manipulation of balances within seconds of snapshot times.
 

How can I see my Staking Rewards?

Select the View More button at the staking page, followed by the My Rewards button.

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You can find your estimated rewards by selecting the 30-Day Cumulative Holdings icon: 

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Your estimated 30-Day Cumulative Holdings will display as: 

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What calculations do you use for staking rewards? 

The VET, XTZ, ATOM, EOS, ONE, and ALGO staking rewards calculations are unique to each coin and can be found on our staking page: https://www.binance.us/en/staking. 

When will I get my Staking Rewards?

The VET, XTZ, ATOM, EOS, ONE, and ALGO staking rewards are calculated daily (hourly snapshots) and distributed monthly. Distributions will be completed by the first or third week of each month. 

You may refer to the 30-Day Cumulative Holdings to see your estimated earnings: https://www.binance.us/en/staking/earning

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