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What is Flexible Staking?
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Users are rewarded for simply depositing and holding coins on Binance as they normally would.
LearnLearnFlexible Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. For more on staking, please refer to Binance Academy.
For the TraderFor the TraderTransact, trade, participate, and utilize your tokens on Binance normally, all while earning rewards based on daily balance snapshots for each staking-supported chain.
EarnEarnReceive rewards distributions monthly, calculated based on a user’s pro-rata share of total balances held by Binance users that generated the corresponding staking rewards during the given month.
Why Flexible Staking with Binance?
With staking on Binance, users can receive staking rewards all while just being a regular Binance user. For all users, this means more freedom & accessibility into staking participation for all chains, without giving up full liquidity.
Lower BarriersLower BarriersUsers will earn Flexible Staking rewards without needing to set up nodes, worry about minimum staking amounts, time lengths, or any catches. Just keep a balance in your Binance account and earn!
Additional BonusesAdditional BonusesAdditionally, Binance will support, in conjunction with project teams, additional promotional rewards to incentivize users to stake on Binance. These rewards will be distributed on a case-by-case basis.
Maximum RewardsMaximum RewardsWe believe that users should earn the full amount of rewards on their deposits. Upon launch, Binance will not be charging a fee on any staking operations. We will work to maximize the amount earned via staking while maintaining industry-leading security.
Staking FAQs
Q
What is Flexible Staking?
A
Flexible Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. For more on staking, please refer to Binance Academy.
Q
How can I Participate in Binance Flexible Staking?
A
Deposit supported coins into your Binance.com account today and start earning - it’s that simple!
Q
Which coins do we currently support?
A
"Binance current supports Flexible Staking for many cryptocurrencies, including the following: NEO (NEO/GAS), Ontology (ONT/ONG), Vechain (VEN/VTHO), Stellar (XLM), Komodo (KMD), Algorand (ALGO), Qtum (QTUM), & Stratis (STRAT)."
Q
Will Binance be charging any fees?
A
Binance will not charge any fees for staking. Our philosophy is simple - we want users to earn the most they can get - and all rewards we receive will be shared to our users. However, we cannot ensure or guarantee any rewards, but we will try to optimize such that users get an optimal amount of rewards.
Q
Can I trade while Flexible Staking?
A
Yes, you will always be able to trade any coins you have. However, once a trade is filled, the amount of staked balance will change, and the corresponding rewards that you will earn from daily snapshots will change accordingly. You can trade to accumulate supported staking coins, as well as sell them at any time.
Q
How can I stop Flexible Staking? Is there a lock-up period?
A
Users accrue Flexible Staking rewards from simply holding coins on Binance. Simply sell or withdraw any supported coin at any time to stop receiving Flexible Staking rewards on Binance. Currently, there are no lock-up periods as of this time for the current supported coins, to reduce the friction for user participation in Flexible Staking. Instead, there is a 24-hour “wait” period before balances are accounted for during our daily snapshots, to deter manipulation of balances within seconds of snapshot times.