Yes, you can stake VeChain on Binance. Althought the process is a little complicated, it is definitely possible to do so.
Here’s a step-by-step guide on how to do it:
1) Firstly, you need to have your VET tokens in a Binance account. If you don’t have any VET tokens yet, you can buy them on Binance using either fiat currency or another cryptocurrency.
2) Once you have your VET tokens in your Binance account, you need to transfer them to the Binance VET staking address. To do this, go to the “Stake” page on the Binance website and click on the “VET” tab.
3) On the next page, you will see the Binance VET staking address. Copy this address and then go back to your Binance account.
From here, go to the “Funds” page and click on the “Withdraw” button next to your VET balance.
NOTE: WARNING: Staking VeChain on Binance is not recommended and may not be secure. If you decide to do so, please be aware of the risks involved and use extreme caution. Binance is not responsible for any losses that may occur due to staking VeChain on its platform.
4) On the next page, paste the Binance VET staking address into the “Recipient Address” field and enter the amount of VET tokens that you want to stake. Finally, click on the “Submit” button.
5) Your VET tokens will now be sent to the Binance staking address and should appear in the “Unconfirmed” section of the “Stake” page within a few minutes.
6) Once your VET tokens have been successfully deposited at the Binance staking address, they will appear in the “Available to Stake” section of the “Stake” page. From here, you can choose how many VET tokens you want to stake and for how long.
7) Finally, click on the “Stake Now” button and your VET tokens will be locked up for staking!.
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