After signing up for Binance, staking lets you earn passive income. Download the Binance APP to manage your staking. Our site explains how to participate in Binance staking step by step.
What Is Staking?
Staking means locking up your cryptocurrency to help secure a blockchain network and earning rewards in return. Think of it like earning interest at a bank, but with crypto.
Types of Staking on Binance
ETH Staking
- Stake ETH to participate in Ethereum's Proof of Stake
- Receive WBETH tokens representing your stake
- APY: approximately 3-5%
- WBETH can be traded on the market (no need to wait for unstaking)
- Rewards auto-compound into WBETH value
Locked Staking
- Stake specific coins for a fixed period (30/60/90/120 days)
- Higher yields than flexible products
- Coins are locked and cannot be withdrawn early (some products allow early redemption with reduced rewards)
DeFi Staking
- Stake through DeFi protocols via Binance
- Higher potential yields but also higher risk
- Smart contract risk applies
How to Stake
Step 1: Find Staking Products
Open Binance APP -> Earn -> Browse staking options
Step 2: Select a Product
- Choose the coin you want to stake
- Compare APY rates across different lock periods
- Check minimum staking amounts
Step 3: Enter Amount
- Enter the amount to stake
- Review the estimated daily/monthly/annual returns
- Confirm the lock period (if applicable)
Step 4: Confirm and Stake
- Review all details
- Tap "Confirm" to stake
- Rewards start accruing from the next day
Staking Rewards
Rewards vary by coin and product:
- ETH: ~3-5% APY
- BNB: ~1-5% APY (varies by product)
- USDT/stablecoins: ~1-3% APY
- Other altcoins: Can be higher but with more risk
Rewards are typically distributed daily and either auto-compounded or deposited to your spot wallet.
Unstaking and Redemption
- Flexible products: Redeem anytime, usually arrives within minutes
- Locked products: Can only redeem after the lock period ends
- ETH staking: WBETH can be sold on the market at any time for immediate liquidity
Staking vs. Other Earn Products
| Feature | Staking | Flexible Savings | Locked Savings |
|---|---|---|---|
| Lock period | Varies | None | 30-120 days |
| Yield | Medium-High | Low-Medium | Medium |
| Risk | Low-Medium | Low | Low |
| Flexibility | Low-Medium | High | Low |
FAQ
Is staking risk-free?
No. Risks include coin price drops during the staking period, smart contract vulnerabilities (for DeFi staking), and potential slashing (rare on major networks).
What is the minimum staking amount?
Varies by product. ETH staking minimum is typically 0.001 ETH. Other coins may have different minimums.
Can I lose my staked coins?
On Binance, your staked coins are protected by the platform. However, coin value may drop during the staking period.
Do I need to do anything after staking?
No. Rewards are calculated and distributed automatically. Just check periodically to confirm rewards are being credited.
Can I stake multiple coins at once?
Yes. You can stake different coins in different products simultaneously for diversification.
Security Tips
- Only stake coins you plan to hold long-term: Don't stake if you might need to sell soon
- Diversify staking: Don't stake everything in one coin
- Check APY regularly: Rates can change over time
- Be cautious with extremely high APY: May indicate higher risk
- Understand the product: Read terms carefully before staking
Register for Binance to start staking and earning passive income with your idle crypto.