Binance offers easy path to ETH 2.0 staking node profits. Plus sweetens the deal with BNB tokens!
E-Z ETH 2.0 staking node
Binance, the centralized exchange has a new product offering, which promises to be the easiest path to participating in ETH 2.0 VALIDATION NODE STAKING, you simply sign up on Binance and transfer your Ethereum and your done.
Easy
I think this will be a very popular product and I suspect Binance will become one of the largest holders of Ethereum amongst the centralized exchanges because of it.
Pros
Binance pays for the hardware costs
Binance does software download and install.
Binance pays any penalties for rule infraction
Binance pays Ethereum depositors all node fees
Binance pays early depositors BNB / ETH BONUS
Cons
Binance holds/controls your ETH with their keys
Final thoughts
I think it’s a pretty good bargain.
Your ETH is locked up for 1.5 years
Estimated APY 5-20% currently unknown.
Other Articles by Shortsegments about Ethereum
What is Ethereum?
Link to this article
Ethereum 2.0 Explained
Link to this article
The Blockchain Explained Link to this article
Easy Bitcoin Investing link to this article
How to Earn Money Blogging in Leofinance Community
Link to this article
