Here’s how you can stake Ethereum via Binance’s staking pool without having to stake 32ETH.
What is Ethereum Staking?
Ethereum staking is where you put up the Ethereum you own and earn interest on what you’ve "staked". The interest is paid by the Ethereum network because the staked amount helps maintain the network’s security.
Why use a Staking Pool
The minimum amount of required Ethereum to stake is 32 ETH, which is quite a lot of money for most people.
Staking pools–like the one offered by Binance–pool Ethereum so that anyone can get involved and earn the staking rewards (interest).
- Some Ethereum to stake
- A Binance account
I’m proud of how short the requirements list is here. And, I’d really appreciate if you signup to Binance via my link.
Staking Ethereum 2.0
So, to keep it short and sweet: Binance pools Ethereum staking for its users, and pays them 100%. No catch. And, I’m going to show you how it’s done.
This process is pretty straight forward; goto Binance, fill in your details and verify up to the required level
You can get your Binance Ethereum address here. The Ethereum is not staked straightaway, however. There’re a few more steps.
Head over to the Ethereum staking section, and select how much that you want to stake. Make sure that you’re sure because once it’s locked in, it’s locked in.
Your staked Ethereum will earn "interest" over time, but it’ll remain locked until it’s released.
The payouts are pretty awesome, however, especially when factored against the current banking interest rates!