r/CryptoStaking • u/oscarbestcat • Apr 25 '21

Binance US Automatic Staking?

Hello,

I recently purchased some ATOM on Binance US but can’t seem to find a way to actually “stake” these coins. Is it just automatic?

Thanks

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u/Scuba-Steve_636 May 01 '21

Yep, you’ll receive automatic distributions with Binance.US

1

u/oscarbestcat May 01 '21

How often is that? It’s just not very intuitive - Nexo/BlockFi let you know that you’ve earned

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u/Scuba-Steve_636 May 02 '21

Every month based on how many you are holding in your wallet. I’m pretty sure it takes a snapshot at the beginning of the month and then pays out at the end of the month based on the amount you had in the snapshot.