Binance High Yield Staking Review 2021 – Binance Earn

Binance High Yield Staking Offer

Welcom to our Binance high yield staking review 2021. Binance launched this product in April 2021 as a part of Binance Earn.

What is this?

This is a product under Binance earning, where you can get extreme high APY if you deposit certain cryptocurrencies.

Binance high yield staking is a great way to make your crypto work for you and get a crypto passive income.

Binance High Yield Stake Rates and Cryptos

Binance has released it´s high yield staking program in several batches as you can see in the table below.

Also, there is a maximum amount for each Binance high yield staking program since it wouldn´t be sustainable to give such high returns to very large amount of deposits. 

This is probably a product to attract more users and more value locked into Binance.

Read our full Binance review if you are looking for more information about Binance.

Get 20% off from all fees charged by Binance with our referral code.

Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
ADA
15 days
200 ADA
17.79%
0.1 ADA
DOT
15 days
15 DOT
27.79%
0.01 DOT
TRX
15 days
1,000 TRX
12.49%
0.1 TRX
EOS
15 days
50 EOS
12.49%
0.01 EOS
CAKE
15 days
20 CAKE
37.49%
0.01 CAKE
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
KSM
15 days
2 KSM
32.47%
0.01 KSM
ONE
15 days
4,000 ONE
24.79%
1 ONE
1INCH
15 days
150 1INCH
31.79%
0.1 1inch
ALGO
15 days
300 ALGO
21.49%
0.1 ALGO
IOST
15 days
12,000 IOST
24.49%
1 IOST
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
MATIC
15 days
210 MATIC
43.29%
1 MATIC
SOL
15 days
15 SOL
23.22%
0.01 SOL
ATOM
15 days
35 ATOM
34.47%
0.1 ATOM
BAKE
15 days
100 BAKE
26.79%
0.1 BAKE
XTZ
15 days
120 XTZ
27.32%
1 XTZ
ICX
15 days
400 ICX
24.79%
1 ICX
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
AVAX
15 days
25 AVAX
16.79%
0.1 AVAX
TKO
15 days
200 TKO
34.79%
1 TKO
KAVA
15 days
115 KAVA
32.34%
0.1 KAVA
DASH
15 days
1 DASH
16.62%
0.01 DASH
NEAR
15 days
125 NEAR
24.79%
0.1 NEAR
DODO
15 days
255 DODO
47.49%
0.1 DODO

How to Join Binance High Yield Staking?

In this step-by-step guide we will walk you through on how to join Binance high yield staking program.

  1. Sign up with Binance
  2. Login to Binance
  3. Navigate to Finance in the top menu and click on Binance Earn

Once you have entered the Binance Earn section you can search for which coin you would like to stake.

In our example, we searched for the best Cardano ADA interest rates, as you can see in the screenshot below.

For ADA, there is a high yield staking option that returns 17.79% APY, as you also can see in the screenshot below. For this alternative, you have to lock your ADA for 15 days.

Also, there are other duration periods as you can see in the screenshot.

Once you decide what duration period to stake, you click on the yellow stake button.

Here, you need to confirm the amount you want to stake and confirm that you have read the terms and conditions.

Binance high yield locked staking for ADA terms and conditions

Binance High Yield Staking Risks Review

As with any investment, there are risks with staking.

Locking up funds in a smart contract is prone to bugs, so it’s always important to DYOR.

Binance is the largest crypto exchange but it has suffered from an exchange hack as many other crypto exchanges.

Get 20% off from all fees charged by Binance with our referral code.

Binance High Yield VS Locked Staking

With Binance high yield, you often lock your funds for 15 days and the maximum subscription to stake per account is relative low compared to Binance locked staking.

Key differences, Binance high yield VS locked staking

  • Binance high yield staking is in general locked for 15 days while locked staking is 30, 60 or 90 days
  • Binance high yield staking has a much lower maximum cap per account compared to locked staking
  • Binance high yield staking is often filled up and might be more of an advertisement product from Binance side

Binance High Yield VS Flexible Savings

With Binance high yield, you often lock your funds for 15 days and the maximum subscription to stake per account is relative low compared to Binance flexible savings.

The flexible savings maximum subscription is in general very high, for example 150.000.000 for USDT.

Key differences, Binance high yield VS flexible savings

  • Binance high yield staking is in general locked for 15 days while flexible savings is not locked at all
  • Binance high yield staking has a much lower maximum subscription cap per account compared to flexible savings
  • Binance high yield staking is often filled up and might be more of an advertisement product from Binance side

Terms and Conditions - Binance High Yield 2021

  • Subscription Period: Usually, the subscription period is 15 days for Binance high yield earning program
  • Locked Staking Format: First-come, first-served basis.
  • Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
  • Interest Payout Time: On a daily basis.
  • Monitor you investments: Go to Binance earn, Locked Staking assets by going to Wallets > Savings > Locked Staking.
  • Dynamic APY: The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
  • About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
  • Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will not be responsible for your trading losses.

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