How to buy/sell BETH (Beacon ETH) on Huobi Cryptocurrency exchange?

BETH (Beacon ETH)

BETH is an asset on the ETH2.0 beacon chain that is 1:1 anchored with ETH.

How to buy BETH (Beacon ETH) on Huobi?

Follow the easy 4 steps below to buy BETH (Beacon ETH) on Huobi.

1. Register a Huobi Global account
   Provide an email address, create a username, and choose a secure password.
2. Verify your account
   After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
3. Deposit in fiat currency or cryptocurrency
   To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
4. Start buying Bitcoin on Huobi
   Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and BETH (Beacon ETH) derivatives trading.

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What is BETH (Beacon ETH)?

BETH (Beacon ETH) is an asset on the ETH 2.0 beacon chain and is only obtained by stakers on the beacon chain.

ETH 2.0 consists of seven phases, and Phase 0 will introduce the Beacon Chain in the ETH 2.0 network. Beacon Chain is a brand-new blockchain, which undertakes the function of allowing validators to participate in the staking system to operate and maintain the network. It is the command and control center of the ETH 2.0 ecosystem. If you lock 32 ETH to become a Beacon Chain verifier, you can get BETH (Beacon ETH). Holding BETH will get ETH 2.0 Beacon Chain verifier Staking income. As the number of nodes locked, the income decreases.

Huobi Global supports ETH 2.0 verification node pledge, and launched the ETH 2.0 one-click pledge function. With this function, you can pledge ETH to BETH with one click, and participate in ETH 2.0 pledge mining, and enjoy ETH 2.0 pledge on-chain rewards and HPT airdrop rewards.

Based on the on-chain rules of ETH 2.0, the pledge of ETH to BETH is a one-way operation, and the pledged ETH will be locked in the smart contract and cannot be retrieved. Since the transfer operation is not supported in Phase 0, BETH cannot be withdrawn. The deposit and withdrawal time is based on the development progress of ETH2.0, which is expected to be 1-2 years.

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