We’re pleased to announce that starting today, customers can stake Polkadot (DOT) and earn up to 15% APY at launch — the highest on-chain staking rewards offered on any major U.S. crypto platform.
Since we released our enhanced Staking product in June 2022, we’ve committed to expanding our staking offering to include more highly-requested cryptocurrencies. Last month, we added Polygon (MATIC), as part of our quest to offer the widest selection of on-chain staking assets with the highest APYs.
Unlike other platforms, all Binance.US customers can qualify for class-leading APYs, with no minimum amount you have to stake and no mandatory lock-up periods. Please note depending on the asset you want to stake, an unstaking period may apply.
Binance.US customers can now buy, sell, convert, or stake DOT in minutes on the best crypto platform for low fees.
What is Polkadot (DOT)?
Polkadot is a decentralized protocol designed to enable different blockchains to transact with one another. The Polkadot ecosystem includes an ecosystem of parallel chains, or “parachains” that bridge to a single base platform known as the “Relay Chain”.
DOT, Polkadot’s native token, is used for governance in order to manage the protocol, as well as staking and bonding. The latter refers to the practice of bonding, or locking DOT in order to add new parachains.
Which cryptocurrencies are supported?
Binance.US currently supports staking for the following cryptocurrencies. 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 |
|
Cosmos (ATOM) |
0.01 |
20,000 |
21 |
|
Livepeer (LPT) |
0.01 |
2,500 |
7 |
|
Polkadot (DOT) |
0.01 |
13,000 |
28 |
|
Polygon (MATIC) |
0.01 |
1,500,000 |
3 |
|
Solana (SOL) |
0.01 |
30,000 |
2 |
|
The Graph (GRT) |
0.01 |
500,000 |
28 |
We are continually working to expand the list of supported staking assets while delivering high APYs on all our supported staking assets.
How do I stake Polkadot (DOT) on Binance.US?
On web
- Log in to your account and visit the Binance.US Staking homepage.
- Click Stake Polkadot. Please note to be eligible for staking activities, you must already hold the cryptocurrency you want to stake in your Wallet. For example, to stake DOT, your wallet must contain DOT funds as part of your available balance. For more information, learn How to Buy & Sell Crypto or How to Deposit Crypto.
- If you’re staking for the first time on Binance.US Staking, carefully read and follow the on-screen prompts before clicking Next.
- On the Stake Crypto pop-up, enter the amount of crypto you want to stake, or choose the percentage of your total assets that you’d like to stake.
- Choose Auto Restake if you want to automatically restake any token rewards accrued through staking, and effectively compound your staking rewards, or select Disable Auto Restake if you want your token rewards to be deposited to your wallet. Click Preview Stake once you’re satisfied with your choice.
- On the Confirm Staking pop-up, carefully review your staking request. Please note that you will be unable to withdraw or trade your staking assets while it is being staked. Click Confirm to proceed.
- You will receive a confirmation once your asset has been successfully staked.
On app
- Download or log in to the Binance.US app.
- Tap the Staking icon, which appears as a stack of coins, on the bottom navigation bar.
- Tap Polkadot DOT. Please note to be eligible for staking activities, you must already hold the cryptocurrency you want to stake in your Wallet. For example, to stake DOT, your wallet must contain DOT funds as part of your available balance. For more information, learn How to Buy & Sell Crypto or How to Deposit Crypto.
- If you’re staking for the first time on Binance.US Staking, carefully read and follow the on-screen prompts before tapping I Understand.
- Enter the amount of crypto you want to stake, or choose the percentage of your total available balance that you’d like to stake.
- Toggle between Auto-Restake if you want to automatically restake any token rewards accrued through staking, and effectively compound your staking APY, or Disable Auto Restake if you want your token rewards to be deposited to your wallet. Tap Preview Stake once you’re satisfied with your choice.
- On the “Confirm Staking” pop-up, carefully review your staking request. Please note that you will be unable to access your staking assets while it is being staked. Tap Confirm to proceed.
- You will receive a confirmation once your asset has been successfully staked.
Additional Resources
- Binance.US Staking (Homepage)
- What is Binance.US Staking? (FAQ)
- Crypto Staking: Definition, Benefits, and Tips (Blog)
- How to Stake and Unstake Crypto on the Binance.US website (Tutorial Video)
- How to Stake and Unstake Crypto on the Binance.US app (Tutorial Video)
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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.
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 and in the sole absolute discretion of Binance.US. For more information, please see the Staking Services section of our Terms of Use.