Coinbase: ETH2 Staking Report + FREE MATIC
I signed up for ETH2 staking about a month ago?! and Coinbase ETH2 staking is still have a long waitlist but finally I got accepted to their ETH2 staking program.
"Welcome to ETH2 staking" they said.
"You can now start staking your ETH and earn up to 6.00% APR in rewards." they said.
"there are no minimum amounts required." they said.
"slashing risk and you can earn rewards worry free." they said.
But the most important thing you should know before you stake is this 👇
"After staking, you’ll be unable to trade, send, or sell the ETH you’ve staked" they said.
So when you when you stake ETH, they will upgrade your ETH to ETH2 and lockup your ETH. That is why you can't sell, trade, or send staked ETH.
Normally I don't like my asset locked up so staking but I don't have much ETH in my Coinbase account so I just wanted to try it out see how it works.
How to stake ETH2
Once you are invited to ETH2, you just go to your Coinbase account and open ETH wallet. It looks something like this and click on the "Stake to earn ..." button.
and then read this and "I understand"
and how much you want to upgrade ETH to stake and "Stake now" on the next page.
That is it.
Easy painless process and you will start earning right away.
BUT 👇
You will start earning rewards right after you stake ETH, but you won't actually receive rewards until Ethereum 2.0 goes live.
Other ETH "staking" service like BlockFi gives you 4.5% interest on your ETH1, but Coinbase gives you 6% (up to).
Recap
- ETH 2 staking is easy.
- No minimum amount.
- Rewards start right away.
- ETH gets locked up.
- No actual rewards until Ethereum 2.0
Oh one more thing! Coinbase released MATIC earn 💰💰💰 👇
Watch videos and take quizzes for easy $MATIC.
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hello @tomoyan,
it is an interesting amount of rewards and the best thing is that you reduce the risks, the only bad thing is that I think that this service is not available for my country, I hope they soon enable this service.
ah that sucks... hopefully soon!
Woah!! This is yet another excellent good financial information you have shared with us, thanks. How do you get these information. I don't have ETH because I would have tried it. How long does it take to unstake?
lol thats a secret you just need to follow me hahah
Unstaking ETH is disabled for now, but once they implement it, you can unstake right away.
Smiles, I have followed you for sure.
That's unsettling for now. But just be careful with your funds out there @tomoyan
Thanks for sharing this amazing opportunity with us here. Following you now