Are you planning to invest in Ethereum 2.0? We have collected for you the TOP 3 cryptocurrency exchanges where you canto steak and receive rewards.
Successful launch of «Phase 0» on the Ethereum 2.0 blockchain marks the first step towards a more scalable, efficient and profitable network.
The transition from Proof-of-Work to Proof-of-Stake marks the end of the familiar Ethereum mining.Now those who want to earn money by participating in the network will have torisk and go all-in by blocking your funds for about two years with a smart contract that willperiodically reward the user with tokens.
However, in order for the network to start paying a fee on a certain wallet, a deposit is neededThis is the minimum threshold, and the more ETH will beinvested, the more will be income.
However, not everyone has $19,150 to spendfree to take risks. In this case, some crypto exchanges have proposed a solution such as staking pools. This is where retail investors deposit their money, the exchange collects it, places it in a smart contract, and then proportionally distributes the profits among all users.
If you're interested, then read which exchanges support Ethereum 2.0 now.
Binance
Binance is the largest cryptocurrency exchange by volume of trading, so this is one of the first options that investors shouldConsider.
On December 3, 2020, the exchange announced that it would supportsteaking tokens on Ethereum 2.0, giving its users the ability to contribute any amount from0.0001 ETH.5% to 20% per year.
The exchange also launched a promotion, in which it will double the profit of users for the duration of the campaign.Read more about the action here.
Official website of the Binance exchange — https://www.binance.com/
Huobi
Huobi Global also supports steaking on ETH 2.0.
China's leading cryptocurrency exchange has announced a feature that will make it easier for users to exercise steaking on ETH 2.0, giving them the ability to convert their standard Ethereum (ETH) into BETH (Beacon Ethereum tokens) in a 1:1 ratio.
«With this function you canClick to deposit ETH as BETH and take part in ETH 2.0 PoS mining. Huobi Global will open BETH transaction whenever possible according to the network status».
The minimum rate for steaking is 0.1 ETH, but the promised yield is slightly higher than that of Binance - from6% to 20% per year.
Official website of the Huobi exchange — https://www.huobi.com/
OKEx
OKEx introduced this option one of the last, as on Huobi the minimum rate is0.1 ETH, and the promised income - from 6% to 20% per annum, which will bepaid daily.
In addition, the platform has launched a USDT reward program for those who choose to use their steak service on Ethereum 2.0.
However, we do not recommend OKEx because of the instability of its operation.
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