Centralised exchanges (CEX’s) provide staking services with intuitive user interfaces if you are not yet comfortable holding ETH in your own wallet. It is easily accessible and requires little effort and oversight. We strongly encourage staking with a more decentralised option like RocketPool, we made an easy-to-use tutorial here. However, we understand that you may have zero experience with using wallets and interacting with decentralised applications. It is okay if you don’t feel comfortable using a self-custodial wallet and prefer to use a centralised exchange. However, we always encourage you to support decentralisation and learn how to use the other options that support the decentralisation of Ethereum. Follow the steps below to learn how to Stake ETH with Binance:
Step 1: Open up Binance
Step 2: Click the Earn tab
Step 3: Select ETH 2.0
Step 4: Click Stake Now
Step 5: Decide how much you want to stake
Step 6: Accept the Terms and Conditions
Step 7: Click confirm
Note:
- You will receive a token called ‘BETH’ (Binance ETH), BETH is a tokenized version of staked ETH on Binance.
- All you need to do is hold this token in your Binance wallet and the rewards will be paid out daily
- To see more information on Binance Staking options, view their profile on Staking Rewards here