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How Staking Works
Cold Storage Staking
Third party service providers stake on your behalf and your funds are securely stored in offline cold storage wallets.
True On-Chain Staking
All staking rewards are generated solely through blockchain validation, by the protocols underlying each supported staking asset, then passed onto you.
Proof-of-Stake Rewards
Participate in securing blockchain networks and protocols while earning staking rewards.
Frequently Asked Question
1. 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. Staking rewards generated by blockchain validation are passed to you minus a service fee. 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.
2. How does staking works on Binance Mining Pool 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 tokens. Binance.US Staking offers a 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 submit a request to stake your funds. Once your request is processed and the applicable bonding period elapses (i.e., once your assets are staked to the validator nodes), you will begin to 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 unstaking period has elapsed, you will receive your initial staked funds back, along with the rewards earned during the staking period. The unstaking period is inclusive of any applicable unbonding period and processing time(s), which are explained in FAQ entries 3 and 4.
3. When staking, what does the processing time refer to? When you request to stake or unstake, we take blockchain operations on your behalf to begin or end (depending on whether you request to stake or unstake) your assets' participation in the validation process of the relevant protocol. These operations may take up to 3 business days to complete, in addition to any applicable protocol's bonding or unbonding period. Please refer to FAQ entry 11 and our Terms of Use for further details on how we process staking orders.
4. Who can stake on Binance Mining Pool? Binance.US Staking is available to all Binance Mining Pool 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.
5. When will I receive my staking rewards? Staking rewards for most assets are distributed on a weekly basis (see our Terms of Use for additional details). After every rewards distribution, Staking Rewards are automatically restaked by BAM. If you want to gain access to your staking rewards immediately (subject to any applicable unbonding requirement), you can opt out of automatic restaking. Once your assets are staked, you'll begin to earn rewards. For your convenience, we estimate rewards based on rewards earned in prior periods. The rewards you receive will depend on the rewards that are actually generated by the relevant protocol and the estimate that we provide is not guaranteed. 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.
6. How do I unstake my crypto? You can request to unstake most supported assets at any time. You can only access or withdraw your staked assets once the unstaking period is complete, which is inclusive of the unbonding period and processing time(s) as detailed in FAQ entries 2, 3 and 4. The unstaking period refers to the time it takes before assets are available to transfer or sell following a request to unstake, 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.
7. I requested to stake my crypto and changed my mind, can I cancel my staking? Once you initiate a staking request, you have until 0:00 UTC on the following day to cancel your staking request. After this time, the bonding period, detailed in FAQ entry 3, will begin and you will be unable to cancel your staking request.
8. Are there any fees associated with Binance Mining Pool Staking? 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.
9. Where do staking rewards come from? Staking is a consensus model that contributes to the security, stability, and participation of blockchain networks via two primary means. Firstly, staking rewards encourage participants to help validate transactions and contribute to the network's operations. Secondly, staking penalizes misbehavior and malicious actors through the mechanism of slashing. Slashing effectively penalizes stakers for violating the network's rules or not acting in the network's best interests. Together, the staking rewards and slashing mechanisms help maintain the security, integrity, and operations of blockchain networks. At Binance.US, all staking rewards are generated solely by the protocols underlying each token eligible for staking through blockchain validation, and passed onto you subject to a service fee. Binance.US stakes customer assets via third-party staking service providers ("Staking Services Provider"). For more information, please see the Staking Services section of our Terms of Use.
10. Will I receive the staking rewards that I earn from the Project? Yes. You will receive exactly what your tokens earn, minus a 25% to 35% service fee, which is reflected in the estimated rewards rate for each staking asset. 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.