Coinbase vs. Binance.US: How the staking rewards compare

Coinbase vs. Binance.US: How the staking rewards compare

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Bottom line: Coinbase and Binance both support staking for multiple cryptocurrencies and digital assets, but Binance.US is best for those in search of the highest rewards. Coinbase is a better choice for those in search of more frequent payout rates and more educational resources.

Coinbase vs. Binance.US staking: The biggest differences

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

When it comes to Coinbase and Binance, both exchanges have a fairly limited selection of assets that you can stake. In addition, while the two exchanges vary when it comes to the cryptocurrencies and assets that are available for staking, Binance.US offers higher staking rewards.

But Coinbase is arguably a better choice for beginners who value educational resources and want to earn additional rewards from programs like Coinbase Earn. Plus, Coinbase also pays out rewards more frequently than Binance.US.

Staking assets

Ethereum, algorand, cosmos, tezos, dai, and USD coin

Staking assets

Qtum, eos, one, vechain, tezos, cosmos, and algorand

Account perks

Staking for four cryptocurrencies and two stablecoins; Coinbase Earn rewards for dai, tezos, and algorand; $1 minimum balance requirement and free transfers from external wallets for staking

Account perks

Staking for seven assets, rewards up to 10% for certain crypto, monlthy payout rate applies to every asset, and no lock-up periods for assets

Human advisors available?

No

Human advisors available?

No

Better Business Bureau rating

F

Better Business Bureau rating

B-

Are Coinbase’s staking rewards right for you?

Pros

$1 minimum to stake assetsCan earn extra money for dai, tezos, and algorand if you watch educational videos on the assets through Coinbase EarnYou have the option of staking four cryptocurrencies and two stablecoins

 

Cons

Limited selection of cryptocurrencies and digital assets to stake

Staking is a popular way to passively earn crypto by simply holding on to minimum balances of certain cryptocurrencies. And at Coinbase, you can stake multiple assets without paying any fees. The reward amounts and payout rates vary per cryptocurrency, and you’ll only need at least $1 to get started.

Coinbase offers rewards for the following cryptocurrencies:

Ethereum: 4.50% interest rate; daily payout rateAlgorand: 4.00%; daily payout rateCosmos: 5.00%; payout every seven daysTezos: 4.63%; payout every three daysDai: 2.00%; daily payout rateUSD coin: 0.15%; monthly payout rate

Coinbase also lets you transfer existing crypto balances from external crypto wallets to stake through its platform (these transfers have a $0 fee).

Read our full review of Coinbase »

Are Binance.US’s staking rewards right for you?

Pros

No fees for stakingBinance.US calculates rewards daily and pays them monthly for every assetCan earn yearly rewards of up to 10%Staking rewards are available for seven different assets; no lock-up periods, and you can stop or start staking assets at any time

 

Cons

Limited selection of assets for stakingNo staking for stablecoins

Like Coinbase, Binance supports staking for several coins. Plus, for each coin, rewards are typically calculated daily and paid monthly, and the crypto exchange charges zero fees for staking. But the two exchanges differ when it comes to which assets you can stake.

Binance’s staking rewards apply to the following cryptocurrencies:

QTUM: 1-2%; rewards distributed monthlyEOS: 0.5% – 1.0%; rewards distributed monthlyONE: 2% – 3%; rewards distributed monthlyVechain: 1% – 3%; rewards distributed monthlyXTZ: 6% – 7%; rewards distributed monthlyATOM: 6% – 9%; rewards distributed monthlyALGO: 8% – 10%; rewards distributed monthly

If you want to start or stop staking, you can do so at any time. This is because there isn’t a lock-up period (certain amount of time you’re required to hold/stake assets at Binance). However, if you plan to stop staking and withdraw your assets, there is a 24 hour wait period that helps Binance.US ensure that balances are accurately accounted for during its daily staking calculations.

Read our full review of Binance.US »

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