Binance ETH Staking
Earn daily yield & Utilize your staking
Easy to get started
Secure and transparent
Utilize staked ETH
Flexible exit policy
--
Reference APR
1 WBETH ≈ -- ETH
Conversion Ratio
-- ETH
Total Value Staked

Start earning in 3 steps

1
Stake ETH
Stake ETH, receive WBETH based on the daily conversion ratio.
2
Earn Daily Rewards
Earn yield by holding WBETH or use your WBETH for a variety of use cases.
3
Flexibility to Redeem ETH
Redeem WBETH for ETH.

What is WBETH

Wrapped Beacon ETH (WBETH) represents your staked Ethereum (ETH) and the staking reward received, in a tradable and transferable form. WBETH accumulates ETH staking rewards by growing in value in relation to ETH, even when it is used in Binance products or DeFi Projects.

Make the most of WBETH

FAQ
WBETH & ETH Staking
BETH
1
What is ETH Staking?
The Ethereum network is a “Proof-of-Stake” network, where holders of ETH can stake their ETH to secure the network and earn rewards. However, staking directly through the Ethereum network requires at least 32 ETH, as well as setting up and maintaining nodes.
Binance lowers the barriers by running the nodes for users and offering the option to stake from as little as 0.0001 ETH to earn rewards. When you stake ETH via Binance, you will get WBETH as the tokenized representation of your staked ETH and rewards.
2
What is WBETH and what can I do with it?
Wrapped Beacon ETH (WBETH) represents your staked ETH plus the staking reward received, in a tradable and transferable form.
Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes. It increases a user's opportunity cost.
In contrast, WBETH provides flexibility to sell, transfer, or use the staked ETH position. You can even move WBETH to a personal wallet and use it outside the Binance platform whilst still earning rewards.
WBETH accumulates the staking rewards, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
For more use cases, please visit here
3
Why is APR changing and how is the APR calculated?
The ETH staking APR is dynamic, following the on-chain Ethereum staking rewards which fluctuate due to various factors including on-chain activities and consensus rewards, etc. A commission fee on the reward is charged to ensure the product is sustainable. Rewards are distributed to Binance ETH Staking users on a T+1 day basis after the rewards are generated on chain.
4
Why do I get less WBETH amount than the ETH amount I staked? Why is the WBETH:ETH conversion ratio not 1:1?
Staking ETH into WBETH does not diminish your ETH balance. Both your ETH and earned rewards can be reclaimed based on the applicable conversion ratio at redemption.
The WBETH:ETH ratio is not 1:1 because 1 WBETH represents 1 staked ETH plus the staking rewards since 2023-04-27 08:00 (UTC). Due to the accumulation of staking rewards, the value of 1 WBETH progressively exceeds that of 1 ETH. The ratio is updated daily to reflect the rewards earned from the staked ETH.
Example*:
On 22 July 2023, the WBETH:ETH conversion ratio was 1:1.01004105. When a user stakes 10 ETH, they would obtain 9.90058770 WBETH.
ETH staking rewards accumulate, and the user's WBETH becomes worth more ETH. Three months later, on 23 October 2023, the WBETH:ETH conversion ratio has grown to 1:1.01980774.
If the user redeems their WBETH on that day, they would receive 10.09669596 ETH, which includes both their staked amount and the earned rewards.
*The numbers above are for illustrative purposes only. The actual scenario depends on the conversion rate at stake/redeem, the holding period of WBETH, and on-chain ETH staking APR, etc.
5
How often does the WBETH:BETH conversion rate change/update?
Daily at 23:45 - 00:15 (UTC+0)

Please note that staking/redemption feature is paused in the period when the WBETH:BETH conversion rate is being updated.
6
Does the conversion ratio change linearly or variably?
WBETH will increase in value, which is reflected by every update of the WBETH:BETH conversion ratio. However, the actual value increase in every update is variable, depending on the on-chain ETH staking APR.
7
Do I get rewards accrued in WBETH bought from the market?
Yes, WBETH accrues rewards even if it was bought from the market, deposited to an exchange, or obtained from Binance ETH Staking.
8
When and how will I receive my staking rewards?
Holding WBETH represents the staked ETH plus the staking rewards. No rewards will be distributed to your Spot Wallet directly. Instead, the rewards earned are accrued and increase the value of WBETH. This increased value is reflected by the WBETH:ETH conversion ratio updated daily at 00:00 (--). You will be able to check the records of your earned rewards value in ETH on the WBETH Reward History of Binance ETH Staking page.
For BETH, the staking rewards will be distributed in the form of BETH to your Spot Wallet on a daily basis between 04:00 to 10:00 (--).
9
Where can I view my staking balance?
Your staked ETH balance can be viewed after logging in to your Binance account and navigating to this Binance ETH Staking page.
10
Where can I view my staking rewards records?
Your cumulative rewards can be viewed after logging in to your Binance account and navigating to this Binance ETH Staking.

For BETH rewards, you can also check your ETH Staking History.
11
How can I redeem my staked ETH?
You can redeem your staked ETH for ETH on Binance ETH Staking.
WBETH holders can redeem their WBETH to ETH based on the applicable WBETH:ETH conversion ratio at redemption.
BETH holders can redeem their BETH back to ETH at a 1:1 ratio.
Please note that there is a limit on the daily quota due to the processing limitations on the Ethereum network. The redemption processing time may vary. Please check on the redemption page for the delivery time.
12
Are there any restrictions on the number of staked ETH that I can redeem?
Yes. Due to the rate limit design of the Ethereum network, only a limited amount of staked ETH can be unstaked daily. The redemption pool on Binance ETH Staking is replenished based on the amount received from the network.
Hence, a daily staked ETH redemption quota will be set for each Binance user. The personal quota is based on each user's past average holding of staked ETH in Binance Spot Wallet, Funding Wallet, Earn Wallet, Binance Loan collateral account, Margin Wallet, and Portfolio Margin account:
- Past 15-day average holding < -- staked ETH: max -- staked ETH per day
- Past 15-day average holding >= -- staked ETH: max --% of your average staked ETH holdings per day.
Your staked ETH holding = WBETH holding * WBETH:ETH conversion ratio + BETH holding
Please carefully consider the uncertainty that if the on-chain daily quota is used up, Binance cannot unstake the ETH from the network and, hence, you may not be able to redeem your BETH for ETH until the quota is available again. The personal daily quota may change without prior notice.
13
When does my personal daily quota of redemption reset?
Your personal daily quota of staked ETH redemption is reset at 00:00 (--).
14
When is the platform-wise Total Redemption Limit replenished?
Based on the amount of ETH that Binance unstakes from the network, the redemption pool is replenished throughout the day to maintain a fair distribution. The replenishment schedule and quota may vary to ensure a smooth user experience. When redeeming, you will share the ETH amount from the pool with other users.
15
If I redeem my WBETH or BETH to ETH, when will I receive the ETH?
You will receive the unstaked ETH in your Spot Wallet -- days after successfully submitting a redemption request.
Please note that a queue for ETH redemption is expected. The time it takes to process ETH withdrawal requests is determined by the demand for ETH staking withdrawals at the time of the redemption request.
The waiting period is subject to change and without prior notice.
However, the change in waiting period is not retrospective but only applicable for new requests upon the change, i.e. once a redemption request is submitted. The time you receive your ETH is fixed and you can check the arrival time in your transaction history.
Should you need to unwind your ETH staking position immediately, you can wrap BETH to WBETH and trade WBETH on Binance Spot Market.
16
If I redeem my WBETH or BETH to ETH, will I still receive the daily rewards?
No, the portion of WBETH or BETH you redeem/sell will no longer be entitled to receive daily rewards.
17
What happens if I sell/transfer my WBETH or BETH to someone else?
If you sell/transfer your WBETH or BETH, then your ownership of the staked ETH and the corresponding rewards (rewards accrued and future rewards) are transferred to the one who purchased it.
18
Once I confirm to start the redemption, can I stop it?
No, the redemption process is not reversible. However, you can restake or swap the received ETH into WBETH afterwards.
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