The Ethereum network is a “Proof-of-Stake” network, where holders of ETH can stake their ETH to secure the network and earn rewards. However, staking directly through the Ethereum network requires at least 32 ETH, as well as setting up and maintaining nodes.

Wrapped Beacon ETH (WBETH) represents your staked ETH plus the staking reward received, in a tradable and transferable form.

The ETH staking APR is dynamic, following the on-chain Ethereum staking rewards which fluctuate due to various factors including on-chain activities and consensus rewards, etc. A commission fee on the reward is charged to ensure the product is sustainable. Rewards are distributed to Binance ETH Staking users on a T+1 day basis after the rewards are generated on chain.

Staking ETH into WBETH does not diminish your ETH balance. Both your ETH and earned rewards can be reclaimed based on the applicable conversion ratio at redemption.

Daily at 23:45 - 00:15 (UTC+0)

Please note that staking/redemption feature is paused in the period when the WBETH:BETH conversion rate is being updated.

WBETH will increase in value, which is reflected by every update of the WBETH:BETH conversion ratio. However, the actual value increase in every update is variable, depending on the on-chain ETH staking APR.

Yes, WBETH accrues rewards even if it was bought from the market, deposited to an exchange, or obtained from Binance ETH Staking.

Holding WBETH represents the staked ETH plus the staking rewards. No rewards will be distributed to your Spot Wallet directly. Instead, the rewards earned are accrued and increase the value of WBETH. This increased value is reflected by the WBETH:ETH conversion ratio updated daily at (). You will be able to check the records of your earned rewards value in ETH on the <history>WBETH Reward History</history> of Binance ETH Staking page.

Your staked ETH balance can be viewed after logging in to your Binance account and navigating to this <eth2>Binance ETH Staking</eth2> page.

Due to the processing limitations on the Ethereum network, a daily BETH redemption quota will be set for each Binance user. The personal quota is based on each user's past average holding of BETH in Binance Spot Wallet, Simple Earn (flexible), and Binance Loan collateral:
- Past 15-day average holding < BETH: max BETH per day
- Past 15-day average holding >= BETH: max of your average BETH holdings per day.

Please carefully consider the uncertainty that if the on-chain daily quota is used up, Binance cannot unstake the ETH from the network and, hence, you may not be able to redeem your BETH for ETH until the quota is available again. The personal daily quota may change without prior notice.

Your cumulative rewards can be viewed after logging in to your Binance account and navigating to this <eth2>Binance ETH Staking</eth2>.

For BETH rewards, you can also check your <history>ETH Staking History</history>.

You can redeem your staked ETH for ETH on Binance ETH Staking.

Yes. Due to the rate limit design of the Ethereum network, only a limited amount of staked ETH can be unstaked daily. The redemption pool on Binance ETH Staking is replenished based on the amount received from the network.

Your personal daily quota of staked ETH redemption is reset at ().

However, the change in waiting period is not retrospective but is only applicable for new requests upon the change, i.e. once a redemption request is submitted, the time you receive your ETH is fixed and you can check the arrival time in your transaction history.

Should you need to unwind your BETH position immediately, you can trade on Binance Spot Market.

Based on the amount of ETH that Binance unstakes from the network, the redemption pool is replenished throughout the day to maintain a fair distribution. The replenishment schedule and quota may vary to ensure a smooth user experience. When redeeming, you will share the ETH amount from the pool with other users.

You will receive the unstaked ETH in your Spot Wallet days after successfully submitting a redemption request.

No, the portion of WBETH or BETH you redeem/sell will no longer be entitled to receive daily rewards.

If you sell/transfer your WBETH or BETH, then your ownership of the staked ETH and the corresponding rewards (rewards accrued and future rewards) are transferred to the one who purchased it.