Why would you host a ETH 2.0 validator node instead of going with Binance?

[kkaroul4]

I never thought Binance would be having handling a stake for Ethereum I was curious if they would have a fee for every holders. If none I don't think any reasons why they don't ask fee for having staking Ethereum on their platform.

Edit: Just for reference (below)

I think this is the cons:

During the activity, all users with completed KYC verification will receive an additional BNB reward equivalent to BETH while also earning the staking rewards. The users' rewards during the activity = the BETH rewards obtained by staking ETH + equivalent BNB to BETH income.

https://www.binance.com/en/blog/421499824684901302/Binance-Supports-ETH-20-Staking

[mindrust]

32 Eth minimum is definitely a deal breaker and makes it sound like a ponzi scheme. Nobody cares though. As long as numbers go up, people happy.

Don't bother with this. Go keep trading on binance, less headaches, more returns.

[Tushar Ramani]

I never thought Binance would be having handling a stake for Ethereum I was curious if they would have a fee for every holders. If none I don't think any reasons why they don't ask fee for having staking Ethereum on their platform.

Edit: Just for reference (below)

I think this is the cons:

During the activity, all users with completed KYC verification will receive an additional BNB reward equivalent to BETH while also earning the staking rewards. The users' rewards during the activity = the BETH rewards obtained by staking ETH + equivalent BNB to BETH income.

https://www.binance.com/en/blog/421499824684901302/Binance-Supports-ETH-20-Staking

That KYC verification is not a deal breaker to me. But not charging anything for their stacking service is.

[FontSeli]

That is what I am concerned about. However, being disconnected from Internet or electricity for even hours won't get you fined. But Vitalik had mentioned around 75% uptime (It was even less than that, I don't remember correctly) is fine as well. It is not that you won't be affected. Yes, you will be but it will still remain profitable.

Could you give me a link to similar words of Buterin. I didn't hear about the fact that node owners will be allowed to stay idle for 1/4 of the time. Previously, the developers focused on the fact that the nodes should work smoothly. Perhaps now, due to the large number of nodes, they decided to reduce the requirements for the time of operation of the node.

[FontSeli]

You won;t be able to get it back when you want to as I read it on binance. Its going to be locked for a long period of time. I tried reading it for like a minute and stopped reading it from binance page when I learned its going to locked there. Obviously you don't wanna do that especially when you don't know when the bear market is going to happen.

For those who have small amounts of money, it is much more profitable to participate in staking on exchanges, including the Binance exchange. Rather than looking for different pools to invest in the Ether 2.0 node. Staking on proven platforms is much more profitable and safer.

[epis11]

Mostly the reason I can think is trust if you have no trust on any platform for them to do staking at your eth then you can do it your self if you have enough minimum 32 eth on your side. I can see many platforms offering staking service but the most trusted so far is Binance.