Is staking ETH on Binance risky?

[de_prof]

But compared to other exchanges you can definitely consider Binance exchange to be safe even though some of the best exchanges in the market have cheated people. If your investment amount is relatively small then you can keep your investment in exchange account but if the investment amount is very large then it is better not to keep that investment in your exchange.

It can be consideration, If we use huge fund , I think don't keep at your exchange. Wallet is still the best and more Safe.
But until now, I think Binance is safe.
I have used binance to keep my asset and safe.
No matter there.

[yhiaali3]

But until now, I think Binance is safe.
I have used binance to keep my asset and safe.

I don't think centralized exchanges are safe for several reasons:

Firstly the exchange can get hacked (we saw several cases last year)
Secondly, your exchange account could be hacked, and this happens frequently
Third, the exchange could declare bankruptcy, as also happened with more than one exchange last year
Finally, your account can be frozen due to a government request

For these reasons and others I do not see the exchanges as safe at all.

[Doovla]

I think from the year when it was create 2017,Binance did not have struggle or difficulities with earning or stake method. So risky it is not for sure because of user access to site security. Thumbs up for everybody want to stake Ethereum.

[Papusha20]

However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.

If you are stacking Ethereum on Binance it will definitely be risky because it will be under others. Although it is not so much in Binance, it is more in all other exchanges and when you turn your money into ETH and do a staking it is impossible to lose your money. When stocking ETH 2.0 when BETH becomes it is of course risky so you never take risky actions.

[Doctor]

I think from the year when it was create 2017,Binance did not have struggle or difficulities with earning or stake method. So risky it is not for sure because of user access to site security. Thumbs up for everybody want to stake Ethereum.

Yeah , I never hear binance has trouble about their stake. So, I think staking Ethereum in finance is no risk. Binance is reputable exchange and the biggest of exchange. Why we should doubt about this ?

[EthereumDev_]

Yeah , I never hear binance has trouble about their stake. So, I think staking Ethereum in finance is no risk. Binance is reputable exchange and the biggest of exchange. Why we should doubt about this ?

As you mentioned, this exchange is very big and very well known; therefore, when some of their features have a problem, they definitely have a solution. I saw several years ago that the Binance exchange had a case of being compromised, but they have insurance that can handle it all, and so on. Currently, the Binance exchange is still considered the best exchange.

[elbans89]

As you mentioned, this exchange is very big and very well known; therefore, when some of their features have a problem, they definitely have a solution. I saw several years ago that the Binance exchange had a case of being compromised, but they have insurance that can handle it all, and so on. Currently, the Binance exchange is still considered the best exchange.

Yeps, Binance exchange is still considered the best exchange. I always do daily trading there. I used binance for along time, and I didn't heard about their security problem. We should have keep our password, email and 2FA. I think Binance is safe, no doubt to save our assets in binance . But for trading assets, but if yo want to hold you can choose personal wallet.

[Bitcoin_people]

When you start on Centralised exchanges it will be controlled by a third party.  LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.

[KryptoBull]

When you start on Centralised exchanges it will be controlled by a third party.  LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.

When participating in the market, we are forced to accept both risks and opportunities. The Bitcoin and Ethereum networks are not completely decentralized, so no matter how hard we try, the risk still exists.

To ensure safety, we should only store ETH in personal wallets instead of CEX.

If we want more profits from Staking, we are forced to fight and take risks. Node operation requires a minimum of 32 ETH and complex staking system, sending ETH to Binance and then staking and receiving APR is the easiest way.

Of course, Binance is not a 100%-safe place, but Binance's reputation has been confirmed for many years, we may not need to be too worried. If you are worried, withdraw ETH to your personal account.

[kulkhan]

No i Couldn't think that. Binance is fantastic Exchanger. Binance is very secured Exchanger. Anyone can easily invest on Binance exchanger. I think it is very secure and trusted exchanger. And your quarry staking ETH on Binance risky?  I couldn’t think it because Binance is Super Exchanger. People feel free on it
 If you want to stake ETH on Binance you can easily capable to do it without any risk. If you get standard APR for staking you can do it. Staking is good Concept. For staking anyone cam use Binance exchanger Because this exchanger is more secured.

[BitMaxz]

When you start on Centralised exchanges it will be controlled by a third party.  LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.

When participating in the market, we are forced to accept both risks and opportunities. The Bitcoin and Ethereum networks are not completely decentralized, so no matter how hard we try, the risk still exists.

To ensure safety, we should only store ETH in personal wallets instead of CEX.

If we want more profits from Staking, we are forced to fight and take risks. Node operation requires a minimum of 32 ETH and complex staking system, sending ETH to Binance and then staking and receiving APR is the easiest way.

Of course, Binance is not a 100%-safe place, but Binance's reputation has been confirmed for many years, we may not need to be too worried. If you are worried, withdraw ETH to your personal account.

Staking is also risky even if you just hold a large amount of ETH in Binance it is still risky just like others said not your keys, not your coins.
Most of the POS or staking coins listed on Binance make you profit but not all some of them with high APR are very risky flexible or locked it generate some coins but the price is gradually decreases you might be lucky if you found an offer that makes you profit while the price of that coin/token is increasing.

[UNIVERSE]

But until now, I think Binance is safe.
I have used binance to keep my asset and safe.

I don't think centralized exchanges are safe for several reasons:

Firstly the exchange can get hacked (we saw several cases last year)
Secondly, your exchange account could be hacked, and this happens frequently
Third, the exchange could declare bankruptcy, as also happened with more than one exchange last year
Finally, your account can be frozen due to a government request

For these reasons and others I do not see the exchanges as safe at all.

Neither CEX nor DEX guarantees 100% security. because the online world will definitely have its own risks to stay safe and survive or it could be hacked and destroyed. It cannot be denied that sometimes staking or saving can be a positive thing and can be quite effective for us. However, we really have to be able to consider it more optimally because after all we will not be able to guarantee that our investment and staking will run smoothly. Yes, just calculate the profits and risks that we will get. But at least if it's on Binance, it's more reputable compared to new platforms even though it promises multiple results.

[hadi97bd]

From my perception staking is less risky than trading because in trading two risk involved if you open wrong trade you can fall in big loss and if market is going down you also fall in loss but in staking you can earn a small amount regularly but if market fall down then you will fall in loss but i think for a newbi who dont have pure knowledge about trading ge or she have to staking the holding eth on binance.

[masudginanjar]

If I think negatively, maybe creating a Binance account is also risky because Binance is a centralized exchange.
Personal data, KYC, settings are all owned by Binance and including our assets which Binance owns, this is very dangerous than I thought.

Ethereum staking on Binance also definitely has different levels of danger. If Binance goes bankrupt then our Ethereum could also disappear.
But on the one hand, we also want to make a profit by staking Ethereum on Binance Exchange, there are two different sides, namely Positive and Negative, depending on whether we believe that Binance will not become a scam in the end.

[DAMKAR]

If I think negatively, maybe creating a Binance account is also risky because Binance is a centralized exchange.
Personal data, KYC, settings are all owned by Binance and including our assets which Binance owns, this is very dangerous than I thought.

Ethereum staking on Binance also definitely has different levels of danger. If Binance goes bankrupt then our Ethereum could also disappear.
But on the one hand, we also want to make a profit by staking Ethereum on Binance Exchange, there are two different sides, namely Positive and Negative, depending on whether we believe that Binance will not become a scam in the end.

Binance is the biggest exchange and very reputable. We may have concerns about the personal data we share when doing KYC, but until now I haven't heard any news about Binance data being leaked or not being used.
About finance will bankrupt, anything can happen in anywhere. So we shouldn't put the bug money there. Just for trading assets.