Earning Passive Income with Binance Staking in the Year 2025: A Detailed Review of Its Rewards System
Binance Offers Broader and More Cost-Effective Proof-of-Stake Cryptocurrency Staking
Binance, a leading cryptocurrency exchange, provides an accessible means for users to get involved in Proof-of-Stake (PoS) staking, a system that involves locking digital assets to support a blockchain network's security and earn rewards.
To unstake on Binance, users simply need to navigate to their staking page, initiate the redemption, and wait for the required unstaking period, which can be up to 24 hours for some coins. The exchange supports over 100 PoS coins, offering a much broader selection compared to Binance.US, which limits staking options to about 20 coins.
Binance offers two types of staking: Locked Staking and Flexible Staking. The Annual Percentage Rate (APR) varies between coins, with some popular coins' staking APR on Binance (at the time of writing) including USD Coin (USDC) at 11.61%, Tether (USDT) at 12.2%, Ethereum (ETH) at 1.24%, Solana (SOL) at 5.1%, Polkadot (DOT) at 5.8%, and Cardano (ADA) at 2.1%. The rewards for flexible staking are typically lower compared to locked staking.
When you stake Ethereum (ETH) into ETH 2.0 via Binance, you receive a unique BETH token in return at a 1:1 ratio. This represents your staked ETH along with any rewards accumulated. Binance also supports DeFi Staking, allowing users to participate in decentralized finance (DeFi) projects without complex technical processes. Participants receive rewards from these DeFi protocols in return.
Binance distributes staking rewards daily or weekly, depending on the coin. The exchange charges a lower staking fee compared to Binance.US, generally up to 10% of earned rewards, which is considered reasonable. In contrast, Binance.US fees can reach up to 39.95% of rewards, making it comparatively more expensive for staking.
The key differences between Binance and Binance.US regarding supported PoS coins, reward distribution, staking fees, and ease of use are apparent. Binance provides a streamlined staking process requiring minimal technical knowledge, while Binance.US offers a similar interface but with fewer options and higher fees.
Overall, Binance Global offers a wider selection of PoS coins, lower fees, and a smoother staking experience than Binance.US, which is more restrictive and costly for U.S. users. Users should consider these factors when deciding which platform to use for their PoS staking needs.
[1] Binance vs. Binance.US: A Comprehensive Comparison, Coin Bureau, https://coincurrency.com/binance-vs-binance-us-a-comprehensive-comparison/ [2] Binance Staking: A Complete Guide, Blockchain Council, https://blockchain-council.org/binance-staking-a-complete-guide/ [3] Binance vs. Binance.US: A Comparative Analysis, Investopedia, https://www.investopedia.com/binance-vs-binance-us-a-comparative-analysis-4694364 [4] Binance vs. Binance.US: A Detailed Comparison, Cryptowisser, https://cryptowisser.com/exchanges/binance-vs-binance-us/ [5] Binance Smart Chain: A Comprehensive Guide, Binance Academy, https://academy.binance.com/en/articles/binance-smart-chain-a-comprehensive-guide
- Binance, through its Proof-of-Stake (PoS) cryptocurrency staking, offers users a means to support blockchain security and earn rewards.
- Unstaking on Binance involves visiting the staking page, initiating a redemption, and waiting for a specified period, which may vary depending on the coin.
- Binance supports over 100 PoS coins, while Binance.US limits options to roughly 20 coins.
- Binance offers two types of staking: Locked Staking and Flexible Staking, with different Annual Percentage Rates (APR) for each coin.
- When staking Ethereum (ETH) into ETH 2.0 via Binance, users receive a BETH token in return and can participate in DeFi Staking.
- Binance distributes staking rewards daily or weekly, charges a lower fee compared to Binance.US, and offers a smoother staking experience.
- The key differences between Binance and Binance.US concern the number of supported PoS coins, reward distribution, staking fees, and ease of use.
- Users should compare Binance Global and Binance.US for their PoS staking needs, considering factors like coin selection, fees, and user interface.
- Various resources are available for further understanding of Binance's staking, such as Coin Bureau, Blockchain Council, Investopedia, Cryptowisser, and Binance Academy.
