Skip to main content

Binance Supports ETH 2.0 Staking

 

Binance Staking has launched support for ETH 2.0, allowing users to gain staking benefits from the ETH 2.0 upgrade coming on December 1, starting with the Beacon Chain launch. We offer all our users an attractive introductory APY of up to 20%, which starts high and decreases with staked ETH.

Additionally, to lower the threshold for users, Binance Staking pays for users to build validators, bear the risk of on-chain penalty and forfeiture, and we will redistribute on-chain profits to users. With the many advantages and benefits, Binance Staking aims to become an ideal platform for ETH 2.0 staking.

Binance will also issue BETH, a new wrapped token (BToken) that is 1:1 pegged to ETH on the Ethereum blockchain. With BETH’s launch, we aim to support users who trade or hold ETH on Binance during the 18-24 months needed to lock in ETH on-chain. You can use BETH to redeem ETH after the formal launch of ETH 2.0, and Binance Staking helps keep your tokens safe no matter what happens during the ETH 2.0 rollout.

We’re launching the "Participate in ETH2.0 Staking and Win Double Rewards" campaign.

During the activity, all users with completed KYC verification will receive an additional BNB reward equivalent to BETH while also earning the staking rewards. The users' rewards during the activity = the BETH rewards obtained by staking ETH + equivalent BNB to BETH income.

This activity will be running from December 2, 0:00 am to December 16, 0:00 am (UTC).

Please see the latest announcement to learn more.

Why Stake ETH on Binance Staking?

Binance Staking offers many advantages, including up to 20% APY that we mentioned above. Here are some of these perks:

Low entry requirements - The minimum stake required to participate in ETH 2.0 on your own is 32 ETH. As of November 26, that translates to $16,000. Not everyone has $16,000 worth of ETH to stake. Thankfully, with Binance Staking, you can reap the benefits of ETH 2.0 staking with just a small fraction of that amount. With Binance, you can start with only 0.0001 ETH. 

Funds are SAFU - Our highest security standards and dedicated security teams will ensure that all your funds remain sound and safe during the ETH 2.0 upgrade. This is especially important because it may take up to 18 months to reach Phase 1 of ETH 2.0. Binance makes it convenient for ETH holders to stake without worrying about the process’s complications and risks.

Lower tech barrier - On behalf of our users, we will take care of all responsibilities required to participate in ETH 2.0, including testing, validator maintenance, and more. Being involved in these steps can require significant technical support and knowledge. With Binance Staking, this will be a hassle-free experience.

Easy liquidity - Before Phase 1 of  ETH2.0 starts, all ETH should be locked in. This translates to little flexibility when it comes to using your ETH funds. But with our BETH launch, users can turn these locked funds into tradable assets while waiting for the lock-in period to expire. Once the funds are unlocked, you can quickly redeem ETH by swapping out your BETH holdings.

Start Staking ETH 2.0 today. Click the image below!


Comments

Post a Comment

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...
Post a Comment
Read more

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...
Post a Comment
Read more

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...
Post a Comment
Read more