Hi,
I am looking to stake some ETH at binance but I have some questions and confusions which I want to clear before starting, from the community here:
1) How often staking rewards are shared?
2) How secure it is to park our ETH in binance for staking?
3) What if the funds are hacked or stolen? Any insurance or coverage guarantee by binance?
4) Is there a decentralized method to stake eth where we can park our ETH in our private wallet to stake?
5) Are there better and more lucrative alternatives to stake ETH available other than Binance?
I hope active users and experienced community members in this regard will help with these questions.
Regards!
1) You will get to know this in January, I think as reward from the launch of the service will be counted tomorrow and distributed in January.
2) Compared to other stacking services, Binance is better. They have capability to bear loss out of their pocket.
3) Not mentioned anywhere but at least you can directly ask Binance to reveal public address of validators they will be running on beaconchain.
4) If you are willing to have a validator node while parking your ETH in other wallet, I don't think that this is possible. Or, maybe I evaluated this question wrong. Which one is it?
5) I would prefer Binance instead of going with lucrative services.
