How to stake BNB (binance coin) with TrustWallet and Binance, explaing the BNB’s APY

BNB (binance coin) can be staking

BNB (Binance Coin) can be stakes.

BNB is a issued and operated by BINANCE, a major exchange.

BNB was originally operated on the ETH blockchain, but now it is operated on the BSC (Binance Smart Chain) developed by BINANCE.

Using BNB has the advantage of discounting BINANCE transaction fees.

As a merit of staking BNB (Vinus coin),

Just deposit the BNB in the validator and the BNB will be given as a reward.
BNB can be refunded at any time as there is no lock period
By holding a certain amount of BNB, you may get air drops etc.

And so on.

On the other hand, if you stake BNB, you need to be careful because there is a risk that the value of the deposited assets will decrease.

So, I will write the conclusion of this article first.

BNB staking has a relatively high expected yield of 10% to 14%
BINANCE and Trust Wallet are recommended for staking BNB
If you want to buy BNB, BINANCE is recommended

BNB, open a BINANCE account.

BNB staking rate / yield

Required minimum number of possessions	Interest rate / yield (APY)	Recommendation degree
–	12-14%	★★★★★

The interest rate (expected yield) for staking of the BNB is 14% (as of January 2022).

Please note that the interest rate for staking changes in real time.

Staking Rewards , the interest rate of the validator (delegator) who deposits BNB staking is about 14%.

How staking BNB is

For those who are wondering, “Is it profitable to actually stake BNB?”, I will introduce the result of actually staking the BNB.

Trust Wallet ‘s BNB staking
Expected yield remains around 10% -14%

Trustwallet “, which has a higher yield than BINANCE’s staking “regular staking HYPERLINK “https://trustwallet.com/binance-coin-wallet” “.

Rewards are updated in real time and you can see the latest rewards, so I’m looking forward to seeing them if I have time.

The staking yield changes from time to time, but BNB’s staking has an interest rate of about 10% to 14%, and there is no significant fluctuation, and staking rewards are stably generated.

BNB has a very high future potential and the price may continue to rise.

Therefore, we recommend that you stake BNB from now on.

BNB has two ways of staking

There are two main ways to stake BNB.

Use BINANCE’s staking function (regular staking) (for beginners)
Steak with your own wallet (for intermediate and above)

When staking with BINANCE, you only need to open a BINANCE account and deposit BNB, so you can easily start staking. Therefore, BINANCE staking is for beginners.

On the other hand, if you aim for a higher yield than BINANCE staking, we recommend staking with your own wallet.

The features of each are as follows.

Steak method	yield	Validator choice
Binance ‘s staking function	6%	None
Steak in your own wallet	14%	Yes

The staking yield of BINANCE is higher for the original wallet, which is a little difficult to stake. Also, if you have your own wallet, you can freely select a validator (delegator) to deposit your BNB.

If you want to try staking from now on, let’s use BINANCE’s staking function first.

How to stake BNB with Binance

Steaking BNB with Binance is easy.

The specific procedure is the following 5 steps.

Buy BNB with Binance
Use BNB Binance ‘s regular staking

Buy BNB with Binance

First, let’s open a BINANCE account.

Once you have opened your BINANCE account, complete STEP 1 to verify your identity in order to start trading.

STEP1 is

passport
driver’s license

There is no problem if you have identity verification documents such as.

You can verify your identity up to STEP2, where you submit your resident card, but STEP1 alone is fine.Next, buy BNB with BNB.

Use Binance ‘s regular staking

Finally, the converted BNB is deposited with BINANCE staking.

BINANCE has a staking function called regular staking. This is a staking service that gives you APY (yield) just by depositing in BINANCE. Participation condition is to deposit the minimum number of holdings for each issue.

The minimum number of BNB regular staking is 0.1BNB.

Here’s how to do regular staking with the BINANCE app.

Tap the bottom right of the app → tap “Revenue” → tap “Acquire products”
↓
Tap “Register” for BNB’s regular staking, enter the BNB you own, and tap “Register”.

The staking reward will be reflected on the app from the next day.

BNB vault is also recommended

By the way, BNB carries out a special staking called “BNB Vault”.

BNB Vault is a staking that can only be done by BINANCE, where you can participate in various staking such as launch pool and DeFi staking at the same time by depositing BNB and receive staking rewards from multiple resources.

In addition, BNB vault staking rewards are given not only to BNB but also to other virtual currencies such as HIGH and MC.

How to stake BNB with Trustwallet

BNB can be stakes with Trustwallet .

Trustwallet is the following 6STEP.

Register with TrustWallet
Buy BNB at BINANCE
BNB from Binance to Trust Wallet
Select a validator to stake
Steak BNB

Register with TrustWallet

TrustWallet is a blockchain wallet used by more than 10 million people worldwide. Like Metamask on OpenSea , it’s free to use.

In TrustWallet , in addition to BNB

Cosmos (ATOM)
Kava
RUNE
CAKE

It corresponds to staking of popular brands among staking brands of .

trying staking other than BNB, I recommend using Trust Wallet.

Convert BTC to BNB with BINANCE

Next, convert the BTC deposited in BINANCE to BNB.

If you don’t have BTC , buy it at an exchange such as Coincheck and send it to BINANCE.

BNB from BINANCE to Trust Wallet

BNB purchased at BINANCE will be sent to Trust Wallet this time.

TrustWallet is a bit complicated, so let’s take a closer look.

Copy the receiving address of BNB

First , copy the BNB-specific receiving address in the Trust Wallet .

Tap the BNB tab in the Trust Wallet
Tap “Receive”
Tap “Copy”

Then, the received address is copied to the clipboard.

By the way, in the case of the clipboard, there is a risk of pasting mistakes, so if you are afraid of pasting mistakes, save the QR code screenshot.

Register the remittance address in BINANCE and make a test remittance

Tap “Add Withdrawal Address” to register the copied remittance address (or screenshot QR code) as the BINANCE remittance destination.

registering the remittance destination, let’s send the test remittance.

At the same time, it should be noted that the Network should be BEP20 (BSC).

The remittance fee is about 20 yen, so we strongly recommend that you make a test remittance in advance for your safety.

Depending on the amount of remittance , the remittance will be completed within 1 to 5 minutes after you apply for the remittance.

Actually send BNB

If the test transfer is successful, let’s actually transfer it.

It may take a little longer to deposit than the test transfer because it should be more than the test transfer, but it will be deposited in TrustWallet in about 1-5 minutes.

TrustWallet , your BNB balance will increase, so please refresh the screen as appropriate.

Select a validator to stake

a BNB with TrustWallet , you need to select a validator to stake.

A validator is an organization that operates a node that approves BNB transaction processing.

In BNB that uses PoS (Proof of Stake), the remittance process etc. is completed by verifying the transaction by the node operated by the validator. These validators are rewarded from commissions and liquidity pools by verifying transactions, some of which are also rewarded to us as staking rewards.

On the other hand, TrustWallet has multiple validators, each with different expected yields, so you may not know which one to choose.

In conclusion, it doesn’t make a big difference which validator you choose, but if you want to increase your staking rewards, choose a validator with the highest expected yield.

Note that you should not select a validator that is not running (in the INACTIVE column) . This is because even if you deposit it in a non-operating validator, you will not be charged a staking reward.

Since the expected yield of validators is updated from time to time, it is recommended to distribute and stake to the top 3 to 5 validators that offer the highest yield.

While Staking BNB

Once you have decided on the validator to stake and the amount of staking, you will actually stake.

Tap the validator, enter the staking amount, and finally press the bottom staking button.

Tap the staking button and the staking procedure is complete.

How to check the staking reward of BNB

Learn how to check your BNB staking rewards.

First, you can see BNB’s staking rewards three days after you start staking.

The reward itself is generated every day, but the staking reward will not be displayed until 3 days after the start of staking.

The staking reward is the BNB given and displayed in “Available” on the BNB window screen.

After 3 days, the staking reward will be automatically reflected at UTC 00:00.

How to refund BNB during staking

BNB’s staking rewards can be paid out at any time.

Here’s how to pay out your staking reward.

Trust Wallet → BNB tab → Tap Stake
Unstake to get a refund

If you make a refund during the lock period, you will receive the rewards incurred during the staking period.

How to change the validator to stake

At BNB’s staking, you can freely change the validator to be deposited.

Here’s how to change the validator:

Trust Wallet → BNB tab → Tap Stake
Tap “Redelegate”
Select the validator to change and execute the change

Again, don’t choose INACTIVE validators.

Recommended other staking coins

Finally, I would like to introduce recommended staking brands other than BNB.

No.	Brand	Expected yield	Recommendation degree	comment
1	Cosmos / ATOM	9.70%	★★★★★	Steak is possible with Trust Wallet. Required for Cosmos
2	CAKE	36.60%	★★★★ ☆	Steak is possible with pancake swap, which is a DEX (decentralized exchange). It features a very high expected yield.
3	AVAX	9.69%	★★★★★	Avalaunch token with excellent high-speed processing called “Etherium Killer” . Expectations are high for the price of the ecosystem in the future, such as being adopted by the Deloitte Group, a major audit corporation.
Four	Polygon	9.80%	★★★★★	A token whose price has increased 114 times in 2021. Brands whose prices are expected to rise further in line with the expansion of areas of interest such as dApps , DeFi , and NFT.
Five	DOT	10.30%	★★★★★	ETH’s second layer chain token. Prices have skyrocketed as ETH has expanded due to DeFi and NFT.

The yield of BNB introduced this time is about 10% to 14%.

Cosmos (ATOM) and AVAX can be expected to yield on par with BNB.

we recommend the CAKE / BNB pair , which allows you to stake with DEX (decentralized exchange) pancake swaps . The yield is about 40% , which is by far the highest among staking brands.

Keep in mind, however, that the higher the expected yield, the higher the risk.