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Which Staking Program Is Best for You?

Which Staking Program Is Best for You?
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Coinbase vs. Binance.US Staking: The Biggest Differences

With staking, you can earn extra cash by storing certain amounts of cryptocurrency. However, most platforms require you to have a minimum balance per asset to start storing, and this varies by asset and exchange.

When it comes to Coinbase and Binance.US, both exchanges have a fairly limited set of assets that you can participate in. In addition, while the two exchanges differ when it comes to cryptocurrencies and assets available for storage, the Binance.US platform offers a higher exclusive reward.

But Coinbase is arguably a better option for beginners who value educational resources and want to earn extra rewards from programs like Coinbase Earn. In addition, Coinbase also pays more rewards than Binance.US.

Are Coinbase Staking Rewards Right for You?

Staking is a popular way to passively earn cryptocurrency by keeping minimum balances of certain cryptocurrencies. And on Coinbase, you can bet on multiple assets without paying any fees. Bonus amounts and payout rates vary by cryptocurrency, and you only need at least $1 to get started.

Coinbase offers the following cryptocurrency rewards:

  • Ethereum: 4.50% interest rate; daily rate of return
  • Algorand: 4.00%; daily rate of return
  • Cosmos: 5.00%; Payout every seven days
  • Tezos: 4.63%; Payout every three days
  • Dai: 2.00%; daily rate of return
  • dollar coin: 0.15%; Monthly rate of return

Coinbase also allows you to transfer existing crypto balances from third-party crypto wallets of the stake through its platform (these transfers have a $0 fee).

Read our full Coinbase review »

Are Binance Staking Rewards in the US Right for You?

Like Coinbase, Binance.US supports staking of multiple currencies. In addition, for each coin, the rewards are usually calculated daily and paid out monthly, and the crypto exchange does not charge any fees for staking. But the two exchanges differ when it comes to the assets you can share.

Binance staking rewards apply to the following cryptocurrencies:

  • Quantity: 1-2%; Rewards are distributed monthly
  • EOS: 0.5% – 1.0%; Rewards are distributed monthly
  • one: 2% – 3%; Rewards are distributed monthly
  • Vechain: 1% – 3%; Rewards are distributed monthly
  • XTZ: 6% – 7%; Rewards are distributed monthly
  • corn: 6% – 9%; Rewards are distributed monthly
  • ALGO: 8% – 10%; Rewards are distributed monthly

If you want to start or stop caching, you can do so at any time. This is because there is no closing period (a certain amount of time that you need to hold/shares of assets in Binance.US). However, if you plan to stop freezing and withdrawing your assets, there is a 24-hour waiting period that helps Binance.US ensure that balances are counted accurately during daily staking accounts.

Read our full Binance.US review »

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