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Crypto staking allows you to earn rewards on your cryptocurrency holdings. It is typically available on assets that use the Proof-of-Stake (PoS) consensus mechanism.

What is staking?

Crypto staking allows you to earn rewards on your cryptocurrency holdings. It is typically available on assets that use the Proof-of-Stake (PoS) consensus mechanism. When you stake crypto, you commit your assets towards securing the asset's PoS network. Your assets are used to verify transactions, facilitate decentralized governance, and improve the network's resilience. The network incentivizes staking by generating rewards through newly created block rewards or transaction fees collected from circulating assets. All staking rewards generated by blockchain validation are passed directly to you. 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, Binance.US Staking is the destination of choice for customers looking to help secure crypto blockchains and protocols.

How does staking work on Binance.US?

With Binance.US Staking, the staking process has been simplified to just a few clicks, making it easy, secure, and convenient for users to stake their funds. Binance.US Staking offers a growing selection of supported Proof-of-Stake cryptocurrencies, including Ethereum (ETH), Cardano (ADA), BNB, Polygon (MATIC), and more. To get started with staking on Binance.US, simply choose a cryptocurrency that Binance.US offers for staking and stake your funds. 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. 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.

Who can stake on Binance.US Staking?

Binance.US Staking is available to all Binance.US customers who have signed up and completed Basic Verification. This process is incredibly simple and can be completed in as little as two minutes. All it takes is just a few clicks to get started.

When will I receive my staking rewards?

Gain access to your staking rewards immediately or use our Auto-Restake feature to “re-stake” your staking rewards instantly after every weekly distribution. Once your assets are staked, you’ll begin to earn rewards. For your convenience, we estimate rewards based on rewards earned in prior periods. Rewards are calculated daily and most are distributed on a weekly basis (see our Terms of Use for additional details). Note: While your staking rewards will be distributed according to the schedule you agree to upon staking, you can only trade or withdraw your full or partial principal staked assets once 1) you unstake and 2) the unstaking process is complete, which may vary depending on the network.

How do I unstake my crypto?

You can unstake most supported assets at any time. You can only access or withdraw your staked assets once the unstaking process is complete. The unstaking period refers to the time it takes for assets to unbond, which may vary depending on the network. Customers will not be eligible to earn staking rewards during the unstaking period. To unstake, visit your Staked Balances. Click on the asset you would like to unstake and select Unstake. Enter the amount you’d like to unstake and click Unstake, then review and click Confirm. For information specific to Ethereum staking, consult the entry titled 'How does Ethereum (ETH) staking work?'.

Are there any fees associated with Binance.US Staking?

Published rewards rates are estimates that are calculated based on the average staking rewards accrued over the past 90 days. Actual on-chain staking rewards rates may vary depending on the staked asset total 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 obtain competitive rewards rates for all supported cryptocurrencies on Binance.US Staking. Disclaimer: Staking rewards are not guaranteed and are subject to change at any time. For more information, please see the Staking Services section of our Terms of Use.

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.

How does Ethereum (ETH) staking work?

When you stake ETH on Binance.US, we initiate the staking process on your behalf and pass the rewards on to you. Unlike most staking assets on Binance.US, you will not be able to access, use, or withdraw your ETH until the network’s transition to PoS is complete and Binance.US enables the ability to unstake ETH, which is estimated to occur in mid-May 2023. Binance.US has no influence or control over the risks associated with the Ethereum Shapella upgrade. There is no guarantee that there will ever be a successful completion date of the transition to PoS. If the network upgrade ultimately fails, you may lose all, or a portion of, your staked ETH. Like all assets on Binance.US Staking, staking rewards are not guaranteed and are subject to change at any time.

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