![]() ![]() For example, it might take a long time for staked ETH withdrawals to be enabled on Ethereum.Īnother risk of BETH is that you have to trust Binance that they will be redeeming BETH for ETH on a 1:1 basis. The reason why the market values BETH less than ETH is that BETH has some inherent risks that ETH doesn’t have. ![]() If you don’t want to wait until then, you can trade your BETH on the open market, but please be aware that BETH usually has a price of less than 1 ETH. Once the withdrawal of staked ETH becomes possible on the Ethereum blockchain, Binance will give users the option to redeem BETH for ETH on a 1:1 basis. Note that you will only accumulate staking rewards on BETH tokens held in your Binance Spot Wallet.īETH tokens can be traded on the open market-for example, if your ETH is staked but you need funds right now, you can simply sell some of your BETH. You will receive staking rewards periodically based on the amount of BETH you hold on Binance. After you stake ETH with Binance, you will receive an equivalent amount of BETH. What is BETH?īETH is a token issued by Binance that allows users to preserve their liquidity even after staking their ETH. Before we show you how to stake ETH on Binance, it’s very important that you understand BETH so that you’re aware of the benefits and risks. ![]()
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