If you’re the type to set and forget, chances are you’ll miss the expiration date of the product. Having to remember to re-subscribe to our staking products while on a busy schedule can be a hassle that you want to avoid. What is Auto-Staking?Īuto-Staking is a new Binance Staking feature that helps you automate re-staking your assets. That’s why we’ve decided to introduce the Auto-Staking feature to improve the experience for our users. If users forget to re-stake, they can end up missing out on potential earning opportunities. Due to the mechanism of Locked Staking, where assets are locked up on a blockchain for a fixed period of time, users have to remember to return to the platform and re-stake once the Locked Staking period expires. Many users have told us that they enjoy Locked Staking and would, in fact, love the option of staking their tokens for even longer than what’s offered currently. We strive to bring the best experience to users who choose to lock in their crypto assets on our platform, and we are always responsive to their feedback.

To ensure that you don’t miss out on earning opportunities, we launched the new Auto-Staking feature that automates re-subscription to staking products.įind out how you can make the most out of Binance Staking through the latest Auto-Staking feature here.īinance Staking lets users participate in staking in return for reward opportunities in a user-friendly environment through different products like ETH 2.0 Staking and Locked Staking. Binance.US shall not be liable for any consequences thereof.Binance Staking lets users lock up their tokens on the platform to earn rewards. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion.

Binance.US does NOT provide investment, legal, or tax advice in any manner or form. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice and (2) relied upon for any investment activities. Share Your Guide to Crypto Literacy + your Binance.US referral link with friends. Stay tuned for our next Education 101 Series! Follow us on Twitter Together. Once your account is funded, head to our Staking page to buy VET, XTZ, ATOM, or ALGO and you’re ready to go: stake VET, XTZ, ATOM, or ALGO now - and take your rewards later!įollow along as we add to our Binance.US Education 101 Series: Your Guide to Crypto Literacy If you haven’t done so already, please register an account, complete basic verification, and make your first deposit using cryptocurrency, ACH, debit card, or domestic wire. Just deposit your assets and we’ll take care of the rest! Ready to Start Staking? While staking does require a certain degree of technical ability, as does mining, staking platforms like ours help by taking those technical difficulties out of the equation. In other words, processes like mining and staking are how new Bitcoin, Ether, and other digital assets get created.

The rewards provided to node operators for doing things like mining and staking include transaction fees paid by individuals who want their transactions included on the ledger and a predefined amount of new assets minted by the network. Where consensus algorithms that use mining generate proof-of-work, blockchains that use staking use consensus algorithms that generate proof-of-stake. Rather than using mining rigs to contribute “work” in the form of computer processing power, staking allows people to simply contribute or “stake” their digital assets. In the context of blockchain and distributed ledger technology, “staking” is an alternative to the mining process that allows people to earn rewards by holding digital assets in an account to help validate transactions and secure the network. With Binance.US Staking, token holders can stake VET, XTZ, ATOM, EOS, ONE and ALGO to earn rewards for simply holding assets in their Binance.US account.Ĭurious about where those rewards come from? Read on to learn what staking is, where those rewards come from, and how easy it is to earn with Binance.US. If you missed our previous articles, check them all out here in Your Guide to Crypto Literacy. Hey Binancians, thanks for checking out the latest installment in our Education 101 Series. Staking allows people to earn rewards by holding digital assets.

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