An alternative is to use staking pools and here BINANCE offers to give back most of the rewards minus the fees required to pay for the validators. In addition to this Binance will cover any network penalties in case the validators aren't uptime and don't contribute linearly to the network blocks creation. If you add on top of that the fact that they are rewarding users with BNB tokens that stake on the Eth2 pool and which have KYC performed, that just one more incentive to participate.
Double Rewards Activity
Activity Period: 2020/12/02 0:00 AM-2020/12/16 0:00 AM (UTC)
Users who have completed KYC prior to the end of the activity period will receive an additional reward in BNB equivalent to the average BNB/ETH value of BETH earned as staking rewards by each respective user during the activity period, effectively doubling each qualifying user's reward.
Note: Qualifying users can earn double rewards on up to a maximum of 5,000 staked ETH. Should users stake more than 5,000 ETH, the rewards earned from the additional amount will be removed from the additional BNB reward calculation.
I know that if you don't own your keys, you don't own your crypto and I agree in big part with that. But you either put the work to make your own validator or let others do it for you and earn more passively. And Binance I think has the required security measures in place to ensure the safety of the funds. With that in mind I have decided to stake my Ethereum on Binance Eth2 pool. The entire activity tool just one minute with all the acknowledgements put in place.
First step is to begin the process from a dedicated page with the Binance Earn program.
Second step is to entire the amount you wish to stake and confirm it.
Third step brings another confirmation with all the information that is implied from locking your Ethereum funds for a long time.
Fourth step confirms you staking and completes the process.
While staking on exchange still holds a risk, it is still one method for a lot of people out there that want to participate in Phase 0 on Ethereum 2.0 and supporting the migrated Ethereum blockchain. And with that we get some benefits and airdrops from this activity, which should alleviate the fact that we are locking the Ethereum on an exchange for such a long period.
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