Binance currently offers the highest VET staking APY at 1.63% with flexible terms and no minimum lock-up period. This tutorial will walk you through the entire process, from account setup to earning your first staking rewards.

Prerequisites

Before you start, make sure you have:

• A verified Binance account (complete KYC verification)
• VET tokens in your Binance wallet (or funds to purchase VET)
• Basic understanding of cryptocurrency and staking concepts

Step 1: Purchase VET on Binance

If you don't already have VET in your Binance account:

1. Navigate to the Trade section: Click on "Trade" in the top menu and select "Spot"
2. Search for VET: In the search bar, type "VET" and select the VET/USDT or VET/BUSD trading pair
3. Place your order: Choose between Market or Limit order. Market orders execute immediately at current price
4. Confirm purchase: Review the details and click "Buy VET" to complete your purchase

Step 2: Navigate to Binance Earn

Once you have VET in your account:

1. Hover over "Earn" in the top navigation menu
2. Click on "Simple Earn" from the dropdown menu
3. You'll see two options: Flexible Products and Locked Products
4. For VET staking, select "Flexible Products" for maximum flexibility

Step 3: Find VET Staking Product

On the Simple Earn page:

1. Use the search bar to type "VET" or scroll through the list of available assets
2. Look for the VET staking product showing the current APY (approximately 1.63%)
3. Click on the VET card to view more details about the staking terms
4. Review the APY, minimum amount (usually 1 VET), and redemption terms

Step 4: Subscribe to VET Staking

To start earning rewards:

1. Click "Subscribe": On the VET staking product page
2. Enter amount: Input how much VET you want to stake (minimum 1 VET)
3. Review terms: Read the auto-subscription and redemption policies
4. Agree to terms: Check the box agreeing to Binance Earn service agreement
5. Confirm subscription: Click "Confirm" to complete the process

Step 5: Monitor Your Earnings

Track your staking rewards:

• Go to Earn Dashboard: Navigate to Earn → My Earnings
• View Active Products: See all your staked assets including VET
• Check Daily Rewards: Rewards are distributed daily around 00:00 UTC
• View Total Earned: Track cumulative earnings over time

Step 6: Redeem Your VET (Optional)

If you need to withdraw your staked VET:

1. Go to Earn → My Earnings
2. Find your VET staking product
3. Click "Redeem"
4. Enter the amount you want to unstake
5. Confirm redemption - funds return to your Spot Wallet within 24 hours

Tips for Maximizing Returns

Safety and Security Tips

• Enable two-factor authentication (2FA) on your Binance account
• Use a strong, unique password
• Be wary of phishing attempts - always verify you're on the official Binance website
• Consider using Binance's Anti-Phishing Code feature
• Never share your account credentials or 2FA codes

Troubleshooting Common Issues

Conclusion

Staking VET on Binance is one of the easiest ways to earn passive income from your cryptocurrency holdings. With the highest APY rates, flexible terms, and a user-friendly interface, Binance makes it accessible for both beginners and experienced crypto users.

Remember to always do your own research, understand the risks involved, and never invest more than you can afford to lose. Happy staking!