Holding Ethereum and don't want it sitting idle? You can earn extra returns through Binance's ETH staking. The process isn't complicated — just deposit your ETH and the system automatically earns interest for you. First, you need to register on Binance, then download the Binance APP for easy access to your staking rewards and asset management anytime.
What Is ETH Staking?
The Ethereum network requires validators to confirm transactions, and validators must stake ETH to participate. Becoming a validator directly requires a minimum of 32 ETH — a very high barrier. Binance's ETH staking service acts as a proxy, letting you participate with just a small amount of ETH and sharing the rewards proportionally.
Binance ETH Staking Products
BETH (Binance Beacon ETH)
This was Binance's earlier staking product. When you deposit ETH, you receive an equivalent amount of BETH tokens, which can be traded on the market. Staking rewards are distributed daily to your account in the form of BETH.
WBETH
WBETH is a wrapped version of BETH whose value increases as staking rewards accumulate. Holding WBETH is equivalent to automatically reinvesting your rewards — no manual action needed.
Step-by-Step Process
Step 1: Make Sure You Have ETH
If you don't have ETH yet, you can buy it on Binance's spot market or transfer it from another wallet.
Step 2: Go to the Staking Page
Open the Binance APP, find the "Earn" entry on the homepage, then select "ETH Staking." You can also search for "ETH Staking" directly in the search bar.
Step 3: Enter Your Staking Amount
Enter the amount of ETH you want to stake. There's no minimum requirement — even small amounts of ETH can participate. The system will display the estimated APY.
Step 4: Confirm Staking
Review the staking amount and terms, then tap confirm. Your ETH will be staked, and you'll receive the corresponding BETH or WBETH.
How Are Returns Calculated?
ETH staking APY fluctuates based on the overall amount staked on the Ethereum network, typically ranging between 3%-5%. Returns are settled daily and distributed to your spot account.
For example: if you stake 10 ETH at a 4% APY, you'd earn approximately 0.4 ETH over a year.
How to Redeem
Direct Redemption
Tap "Redeem" on the ETH staking page to convert BETH or WBETH back to ETH. Processing may take some time.
Market Sale
You can also sell BETH directly on the spot market for ETH or USDT for immediate access to funds. However, the market price may differ slightly from the actual exchange ratio.
Important Notes
- Floating APY: The staking yield rate is not fixed and varies with market conditions
- ETH Price Volatility: You earn rewards in ETH, so if ETH's price drops, your returns in fiat terms may shrink
- Redemption Time: Direct redemption may require a waiting period
- Opportunity Cost: During staking, your ETH is locked and unavailable for other trades
Who Is This For?
ETH staking is ideal for those who are bullish on Ethereum long-term and plan to hold ETH. If you're already planning to hold ETH without selling, staking lets you earn extra returns — why not? However, if you need to trade ETH frequently, staking may not be convenient.