Pinterest has tons of great ideas on finishing stairs: https://www.pinterest.com/explore/basement-steps/
Hi Mary Beth,
Wow, great suggestion from Holly, go there and see what is offered.
Basement stairs generally receive a great deal of use and are more likely to incur wear and tear from shoes, outside dirt/grit, etc.
If you choose to paint risers white, cover them with numerous coats of polyurethane, to protect the paint.