Binance Allows ETH 2.0 Stakers to Withdraw Holdings After Six-Day Waiting Period

Binance announced that users who have staked ETH on the exchange can now withdraw their holdings after a six-day waiting period. The withdrawal process can be executed on the ETH 2.0 staking page on the Binance website, and ETH 2.0 stakes can redeem their ETH at a 1:1 ratio using their BETH holdings.



Once a withdrawal request has been submitted, it cannot be reversed, and the process may take up to several weeks, depending on the amount of ETH withdrawals requested by users and activities on the Ethereum network. Users will receive information about the estimated distribution date for their redeemed ETH before confirming their withdrawal requests, and this information will be available in the Staking History section of their accounts.



Binance will lock the BETH involved in the withdrawal process throughout the waiting period, and


First found on: https://coinatory.com/2023/04/20/binance-eth-2-stakers-withdraw-holdings/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP