Hey all crypto enthusiasts! I’ve recently learned about staking eth. How does this work? What services / wallet do you use? What’s a good apr? Coinbase seems kind of shady because they say staked eth can’t be sold right now, until they build some new features. #crypto #eth
Eth is not PoS until v2, one could argue that currently all eth staking is shady
that’s not how that works
that’s not just coinbase, all eth 2 staking cannot be withdrawn
It’s not some feature that Coinbase needs to build Please read up before you stake your ETH. It’s pretty clear with the stuff Coinbase tell you
It’s weird that there is no contract. Once you stake you must wait. No withdrawals.
I prefer to stake my coins on Binance though
https://launchpad.ethereum.org/en/ read here to get started. Setting up your own validator is the best option.
I heard people say they set up validator node as a passive income stream. Is that true?
Yes. Same with ADA. 340 Ada per month I believe
Stake sol on solflare. I stake 2mm sol and at 8-9% apy make 180k annual passive income
My APY is like 23%
How does apy change for same coin?
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Don’t use Coinbase for ETH staking ,you can’t sell until ETH 2.0 Mainnet live -it may take a year Other options Celsius,Gemini ,BlockFi,crypto.com,some DEX(but you need some understanding about ETH wallet and bit gas fee) Gemini offers little over 2% ,Celsius offers little over 5%, Blockfi 1.5%,crypto.com offers 3.5%,4.5%,5.5% depends on staking period.
That doesn't make a big difference if you plan to hold, though. Which service gives you the best percentage back?
More important is you need flexibility to withdraw at any time (for example,when market start bleeding ). You have to look both staking and trading environment In this case,Gemini ,BlockFi,crypto.com are better Note: I told my friend to sell ETH at $4k and buy back later but he didn’t do it otherwise he would double his ETH numbers 😊