Staking binance academy6/23/2023 ![]() ![]() We are continually working to expand the list of supported staking assets while delivering competitive rewards rates on all our supported staking assets. For the latest staking rewards rates, please refer to the Binance.US Staking homepage. Which cryptocurrencies are supported?īinance.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). Are there fees for staking on Binance.US?īinance.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. 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. Published rewards rates are estimates that are calculated based on the average rewards rate accrued over the past 90 days. In addition, while customers can earn rewards o n their initial staked assets, the USD value of the crypto asset itself will also fluctuate. For more information, please see the Staking Services section of our Terms of Use.īinance.US strives to offer competitive staking rewards rates that compare to other major U.S. ![]() Please note that staking rewards are not guaranteed and are subject to change at any time. 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. 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. What are the rewards when it comes to staking? 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. 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. How are my funds secured while staking on Binance.US? 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. That’s where Binance.US Staking comes in. In addition to meeting hardware requirements that may vary from asset to asset, users may also need to install and run their own nodes. Independent cryptocurrency staking can be a daunting process for most individuals. To incentivize staking, the network generates rewards through newly created block rewards and/or transaction fees collected from circulating assets. 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. Here’s how it works: When a user stakes crypto, they commit their assets toward securing the asset’s Proof-of-Stake (PoS) network. Like the name suggests, cryptocurrency staking is typically, but not always, available on assets that use the Proof-of-Stake (PoS) consensus mechanism. Can my staked BNB be used to pay trading fees?Ĭryptocurrency staking allows customers to support their favorite projects and contribute to the network’s security and operation while earning rewards.When will I receive my staking rewards?.Are there fees for staking on Binance.US?.How are my funds secured while staking on Binance.US?.Staking terms can be found in our Terms of Use. When you stake on Binance.US, we initiate the staking process on your behalf and pass the rewards onto you. You can also find detailed instructions on how to start staking, manage your staking rewards, and unstake on Binance.US by visiting here.īinance.US simplifies the staking process, allowing customers to stake in a few clicks. ![]() This article covers the basics of staking on Binance.US including what staking is, what the rewards are, and which cryptocurrencies are currently supported. Staking is one of the most popular ways for crypto holders to support their favorite projects and earn rewards on their cryptocurrency holdings. ![]()
0 Comments
Leave a Reply. |