BINANCES US ARM TO LAUNCH TEZOS STAKING THIS WEEK

Are you looking for new ways to earn passive income from your cryptocurrency holdings? Binance s United States-based arm, Binance.US, will launch staking rewards for Tezos on April 16, to totally support three tokens for stakingBinance.US, the United States-based arm of the global cryptocurrency exchange Binance, is set to launch staking rewards for Tezos (XTZ) this week, marking a significant expansion of its staking offerings. Before today, Binance.US had not yet found a staking provider with both the trust of the Tezos foundation and the right infrastructure. Kiln is able to secure and update validators and rewards infrastructure with enterprise-grade standards, such as securing and updating validators and rewards data infrastructure, a 24/7 job that Kiln mastersThis exciting development, slated for April 16th, adds Tezos to the list of supported tokens for staking, bringing the total to three.With the promise of potentially high annual percentage yields (APY), this move is poised to attract both seasoned crypto enthusiasts and newcomers looking to maximize their digital assets. Binance s United States-based arm, Binance.US, will launch staking rewards for Tezos on April 16, to totally support three tokens for staking. 6614 Total views 119 Total sharesBut is staking on Binance.US really the best option for your Tezos holdings?What exactly does this launch mean for users in the US? So let's clear this up first, On Binance's global exchange Tezos staking is already enabled. But the Tezos staking is going to come to the United States website for Binance which is Binance.us. And if I am being totally honest guys I would NOT stakeLet's dive into the details and explore everything you need to know about staking Tezos on Binance.US, including potential risks and alternative options available in the market. Customers can now stake XTZ and earn up to 7% APY at launch the highest APY of any major staking provider in the U.S. Get paid weekly when you stake FET. Binance.US customers can now buy, sell, convert, or stake XTZ in minutes on the largest major staking provider in the U.S and the best crypto platform for low fees.We'll also examine the role of Kiln, the institutional staking platform providing the solution for Binance.US, and discuss what this collaboration means for the security and reliability of your staked assets. Binance.US users can directly pledge XTZ on the platfor Odaily Planet Daily News Kiln, an institutional staking platform, announced that it has provided an XTZ (Tezos) staking solution for Binance.US.Stay tuned as we break down the intricacies of Tezos staking and help you make informed decisions about your crypto investments.

Tezos Staking Arrives on Binance.US: What You Need to Know

The highly anticipated launch of Tezos (XTZ) staking on Binance.US is almost here! 13 Saturday April 2025. About; Advertise; Submit Press Release; Contact Us; News. Bitcoin News. Bitcoin News; Bitcoin Cash News; Bitcoin SV NewsThis addition to Binance.US's staking offerings provides users with a convenient way to earn rewards simply by holding and staking their XTZ tokens on the platform.This launch addresses a gap, as Tezos staking, already available on the global Binance exchange, was not previously accessible to Binance.US users.

Key Benefits of Staking Tezos on Binance.US

• High APY Potential: At launch, users can potentially earn up to 7% APY by staking XTZ.This is presented as the highest APY among major staking providers in the U.S.While APYs can fluctuate, this competitive rate makes Binance.US an attractive option for Tezos holders.
• Ease of Use: Binance.US provides a user-friendly interface for buying, selling, converting, and staking XTZ.The platform aims to make the staking process accessible even to those new to the world of cryptocurrency.
• Weekly Payouts: Unlike some staking platforms that offer monthly or less frequent payouts, Binance.US reportedly offers weekly payouts, providing a more consistent stream of rewards.
• Convenience: Binance.US users can directly pledge their XTZ on the platform, eliminating the need to transfer tokens to external staking providers.This simplifies the staking process and keeps your assets within the Binance.US ecosystem.

Understanding Tezos (XTZ) and Staking

Before jumping into staking, it's important to understand what Tezos is and how staking works.Tezos is a self-amending blockchain platform designed to evolve and upgrade itself without requiring hard forks.This is achieved through an on-chain governance system where token holders can vote on proposals for protocol upgrades.This innovative approach promotes long-term sustainability and adaptability within the Tezos ecosystem.

What is Staking?

Staking is the process of holding cryptocurrency in a wallet to support the operations of a blockchain network and, in return, earning rewards.In Proof-of-Stake (PoS) blockchains like Tezos, stakers participate in the consensus mechanism by validating transactions and securing the network.By staking your XTZ tokens, you're essentially contributing to the network's security and efficiency, and you are rewarded for your contribution.

Think of it like depositing money into a high-yield savings account.You're locking up your assets for a period of time, and in return, you receive interest (in this case, XTZ tokens).The longer you stake and the more you stake, the more rewards you potentially earn.

How Tezos Staking Works

In the Tezos network, staking is referred to as ""baking."" Instead of competing to solve complex mathematical problems, like in Proof-of-Work (PoW) blockchains, bakers are selected to create new blocks based on the amount of Tezos they hold and stake.While technically anyone can become a baker, it requires significant technical expertise and a large stake.This is where staking providers like Kiln and platforms like Binance.US come in.They allow individual XTZ holders to delegate their tokens and participate in the staking process without needing to become full-fledged bakers.

The Role of Kiln in Securing Tezos Staking on Binance.US

A crucial aspect of this launch is the partnership between Binance.US and Kiln, an institutional staking platform.Kiln provides the underlying infrastructure and security necessary to support Tezos staking on Binance.US.This collaboration addresses a significant challenge Binance.US faced: finding a staking provider with the trust of the Tezos foundation and the robust infrastructure required for secure and reliable staking.

Kiln's expertise lies in providing enterprise-grade standards for securing and updating validators and rewards data infrastructure.This includes a 24/7 operation dedicated to maintaining the integrity and performance of the staking process.By leveraging Kiln's expertise, Binance.US can offer its users a secure and reliable Tezos staking experience.

Why is this important? The security of your staked assets is paramount.Kiln's involvement provides an extra layer of assurance, knowing that your XTZ is being handled by a platform with a proven track record in institutional staking.

Potential Risks and Considerations Before Staking

While staking Tezos on Binance.US offers attractive potential rewards, it's crucial to understand the potential risks and considerations before committing your assets.Staking, like any investment, carries inherent risks that you should be aware of.

• Volatility Risk: The value of Tezos, like all cryptocurrencies, is subject to market volatility.The value of your staked XTZ could decrease significantly, potentially offsetting any staking rewards you earn.
• Lock-up Periods: While Binance.US may offer the flexibility to unstake your XTZ, some staking platforms have lock-up periods.During this time, you won't be able to access or trade your staked tokens.Understand the lock-up policies of Binance.US before staking.
• Slashing: In some Proof-of-Stake networks, validators (or the delegators staking with them) can be penalized for malicious behavior or downtime.This penalty, known as ""slashing,"" can result in a loss of staked tokens.While Kiln's enterprise-grade infrastructure aims to minimize the risk of slashing, it's still a possibility.
• Platform Risk: While Binance.US is a reputable exchange, there's always a risk associated with storing your assets on a centralized platform.This includes the risk of hacks, security breaches, or regulatory issues.
• APY Fluctuations: The advertised 7% APY is not guaranteed and can fluctuate based on network conditions, the number of stakers, and other factors.Be prepared for potential changes in the reward rate.

Binance.US Fees and Comparison with Other Staking Providers

Before staking your Tezos on Binance.US, it's essential to understand the fees associated with the platform and compare them with other staking providers.While Binance.US is touted as the best crypto platform for low fees, it's crucial to conduct your own due diligence.

Understanding Binance.US Fees

Binance.US charges fees for trading and withdrawals.While staking itself may not incur direct fees, these fees can impact your overall profitability, especially if you frequently buy, sell, or withdraw XTZ.Be sure to review the Binance.US fee schedule to understand the costs involved.

Comparing APYs and Fees Across Platforms

The 7% APY offered by Binance.US at launch is competitive, but it's worth comparing it with other staking providers.Several platforms offer Tezos staking, each with its own APY, fee structure, and lock-up policies.Some popular alternatives include:

• Ledger Live: Stake directly from your Ledger hardware wallet through Ledger Live.
• Kraken: Another major cryptocurrency exchange offering Tezos staking.
• Coinbase: A popular platform for beginners, also offering Tezos staking.
• Dedicated Tezos Wallets: Some dedicated Tezos wallets offer staking functionality.

When comparing options, consider the following factors:

• APY: What is the current APY offered?
• Fees: What are the platform's trading and withdrawal fees?
• Lock-up Period: Is there a lock-up period, and if so, how long?
• Security: What security measures does the platform have in place?
• Reputation: What is the platform's reputation and track record?

Don't solely focus on the highest APY.Factor in all these considerations to make an informed decision that aligns with your risk tolerance and investment goals.

How to Stake Tezos on Binance.US: A Step-by-Step Guide

Once you've decided that staking Tezos on Binance.US is right for you, follow these steps to get started:

1. Create a Binance.US Account: If you don't already have one, sign up for a Binance.US account and complete the necessary verification process.
2. Deposit XTZ: Deposit XTZ tokens into your Binance.US wallet.You can either transfer XTZ from an external wallet or purchase XTZ directly on the platform.
3. Navigate to the Staking Section: Once you have XTZ in your wallet, navigate to the staking section of the Binance.US platform.This is typically found under the ""Earn"" or ""Staking"" tab.
4. Select Tezos Staking: Choose Tezos (XTZ) from the list of available staking options.
5. Enter the Amount to Stake: Specify the amount of XTZ you want to stake.
6. Review and Confirm: Carefully review the staking terms and conditions, including the estimated APY, lock-up period (if any), and potential risks.Confirm your staking transaction.
7. Monitor Your Rewards: Once you've staked your XTZ, you can track your rewards and manage your staking position in the staking section of the platform.

Is Staking Tezos on Binance.US Right for You?A Balanced Perspective

The launch of Tezos staking on Binance.US presents an exciting opportunity for users to earn passive income from their XTZ holdings.The potential for a high APY, combined with the convenience of staking directly on a major exchange, makes it an attractive option for many.However, it's crucial to approach staking with a balanced perspective and consider the potential risks involved.

Who Might Benefit from Staking on Binance.US?

• Long-Term Tezos Holders: If you believe in the long-term potential of Tezos and plan to hold your XTZ for an extended period, staking can be a great way to earn additional rewards.
• Users Seeking Passive Income: Staking provides a passive income stream without requiring active trading or management.
• Binance.US Users: If you already use Binance.US for trading and holding cryptocurrency, staking provides a convenient way to earn rewards without transferring your assets to another platform.

Who Might Want to Consider Alternatives?

• Risk-Averse Investors: If you are highly risk-averse, the volatility of cryptocurrency and the potential risks associated with staking might not be suitable for you.
• Active Traders: If you frequently trade your XTZ, the lock-up periods (if any) and the need to unstake and restake your tokens might not be convenient.
• Users Seeking Maximum Decentralization: Staking on a centralized exchange like Binance.US involves entrusting your assets to a third party.If you prioritize decentralization, you might prefer staking directly from a dedicated Tezos wallet.

Conclusion: Weighing the Pros and Cons of Tezos Staking on Binance.US

The launch of Binance US Arm to Launch Tezos Staking This Week marks a significant step towards expanding access to staking rewards for cryptocurrency holders in the United States.With the promise of a competitive APY and the backing of Kiln's secure infrastructure, this new offering is likely to attract a considerable amount of interest.However, it's essential to remember that staking involves inherent risks, and potential users should carefully weigh the pros and cons before committing their assets.Factors like market volatility, potential lock-up periods, and platform risks should be taken into account.Furthermore, comparing the APY, fees, and security features of Binance.US with other staking providers is a crucial step in making an informed decision.Ultimately, the best approach is to conduct thorough research, understand your own risk tolerance, and choose the staking platform that best aligns with your individual investment goals.Consider your personal investment strategy before jumping in.This new launch is likely to generate more awareness of staking so its important to educate yourself now!