Binance Coin (BNB) Staking
You can earn crypto rewards of 3.005% p.a. simply by holding Binance Coin (BNB).
BNB is one of the most trusted digital currencies and can be exchanged 1:1 for USD. Participation is possible with as little as $25.01, and there are no brokerage fees.Projection of earnings
Yearly reward rate
Staked at: -
Cardano
Ethereum
HFcoin
Polkadot
Potcoin
Solana
Tezos
TronHow Binance Coin staking works
"Unlocking the Power of Binance Coin Staking: How It Works
For many traders and investors, staking provides an opportunity to earn rewards simply by holding Binance Coin. Certain cryptocurrencies, including Binance Coin, can be staked. This means you can 'stake' some of your Binance Coin holdings and, over time, earn rewards for allowing the blockchain to utilize your Binance Coin.
Cryptocurrencies eligible for staking operate on a consensus mechanism called Proof of Stake. This method verifies and secures transactions on the blockchain, involving individuals who have already invested in the blockchain. The exact implementation may vary, but fundamentally, users lock up their cryptocurrency—similar to a deposit—and, in return, have the chance to add a new block to the blockchain. Typically, the odds of being selected to validate the next block are proportional to the amount staked and the duration the user holds their cryptocurrency. In this way, the network rewards those who are most heavily invested. When the selected node successfully validates a block, it receives the staking reward.
In simpler terms, by delegating your Binance Coin, you receive additional Binance Coin from the network. Staked tokens serve as collateral for the legitimacy of new transactions. If fraudulent transactions are detected, users may lose a portion of their stake (their staked amount gets 'slashed') as a consequence of network penalties."