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

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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.US - Product Name Only, 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, Tezos, Cosmos, Solana, Cardano, Polkadot. Algorthia, Dia, USD Coin	Staking assets Ethereum, BNB, Cardano, Polygon, VeChain, Solana, Cosmos, Harmony, Avalanche, Polkadot, Near, Algorand, Fantom, The Graph, Tezos, and more
Account perks Coinbase Earn rewards for dai, tezos, and algorand; up to a $1 minimum balance requirement and free transfers from external wallets for staking	Account perks Rewards up to 9.50% for certain crypto, rewards calculated daily and distributed weekly, and no lock-up periods for assets
Human advisors available? No	Human advisors available? Yes
Better Business Bureau rating F	Better Business Bureau rating B

Are Coinbase's Staking Rewards Right for You?

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.

Keep in mind that Coinbase takes a 25% commission fee on any staking income. 

Coinbase offers rewards for the following cryptocurrencies:

• Ethereum: 3.83% interest rate; daily payout rate
• Algorand: 7.82%; daily payout rate
• Cosmos: 6.12%; payout every seven days
• Tezos: 3.19%; payout every three days
• USD coin: 2.00%; monthly payout rate
• Polkadot: 14.23%
• Cardano: 2%; 

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

Are Binance.US's Staking Rewards Right for You?

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 for the following cryptocurrencies:

• ETH: 5.70%; rewards distributed weekly
• BNB: 1.30%; rewards distributed weekly
• ONE: 7.30%; rewards distributed weekly
• Vechain: 1%; rewards distributed weekly
• XTZ: 5.10%; rewards distributed weekly
• ATOM: 7.50%; rewards distributed weekly
• ALGO: 2.40%; rewards distributed weekly

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.