How Binance.US Delivers A Trusted Staking Platform

November 30, 2022 - 4 min read

Binance.US creates a trusted platform with you in mind.

Main Takeaway

All assets are staked from cold storage and rewards are earned and passed on to you through blockchain validation, without leverage or loan structures.
Binance.US has never and will never use your staked assets for other purposes, including lending or collateral provision, no matter which asset you choose to stake with us.
Binance.US offers staking for 20+ eligible tokens, including Ethereum (ETH), Cardano (ADA), and more.

The current changes to the crypto ecosystem has likely left many users wondering what the best choices are in regards to their crypto holdings. Before making any decisions, take stock and reexamine your current approach to risk management.

If you’re already a Binance.US customer, we want to help. Let’s take a look at the risks involved with staking on Binance.US and how we manage your assets.

What is Binance.US Staking?

Binance.US is the largest on-chain staking platform in the U.S today. Cryptocurrency staking allows you to support your favorite projects and earn rewards on your existing cryptocurrency by doing so. 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 you stake crypto, you commit your assets toward securing the asset’s Proof-of-Stake (PoS) network. As long as your assets remain staked, they’re used to verify transactions on the network, facilitate decentralized governance, and improve the network’s resilience.

On Binance.US, even when you stake your assets, they remain your assets. You can request to stake your assets at any time, (though they may be subject to an unstaking period, which varies and is determined by the protocol for which you staked your asset). 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. Binance.US offers a user-friendly interface and industry-leading uptime across nodes, making it a destination of choice for customers looking to earn rewards on their assets.

The best destination for staking in the U.S

Binance.US aims to make participation in staking easy for all users looking to earn on-chain rewards. This starts with creating a trustworthy and straightforward staking platform for our customers.

Know where your staked crypto goes

At Binance.US, 100% of the digital assets you select for staking are staked on the crypto’s respective network. When you stake with us, we initiate the bonding process on your behalf and 1) securely store your assets in cold wallets with a third-party staking custody provider and 2) stake them to nodes run by our third-party staking services providers.

At all times, you retain ownership of such digital assets and such digital assets shall remain your property when staked.Binance.US has never and will never use your staked assets for any other purpose, including lending or collateral provision, no matter which asset you choose to stake with us. Rest assured knowing that your staked assets are safe on Binance.US.

Transparent Rewards

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.

Our 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.

Published Rewards Rates reflect the deduction of BAM’s service fee. The current service fee is 20% of earned staking rewards but is subject to change. The current staking service fee can be found on the Fees page.

Reducing the minimum investment needed for ETH staking

Thanks to Binance.US, users don’t need to provide the traditional 32 ETH to stake on the Ethereum network. Users looking to enjoy ETH staking can do so for as little as 0.001 ETH. This drastically lowers the barrier to entry by requiring significantly less capital to start staking.

Make informed decisions with Binance.US

Binance.US empowers users to make informed decisions by providing accurate and transparent information for all of our products and services. Staking is no different. Our coverage of this topic should prove valuable when deciding what to do with your cryptocurrency.

If you would like to begin staking on our platform, visit our staking home page to get started.

For additional information, please refer to the follow articles:

Risk notice: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.

This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance.US is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.