Introduction
Staking Ethereum can be a great option for those who want to hold ETH but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Ethereum (ETH) tokens
In order to stake Ethereum, you need to have it. To obtain Ethereum, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Ethereum wallet
Once you have ETH, you’ll need to choose a Ethereum wallet to store your tokens. Here are some good options.
- 3
Delegate your ETH
We recommend using a staking pool when staking ETH. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ETH, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Ethereum network. You’ll be rewarded with ETH for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Ethereum (ETH) is currently priced at $2,940, with a 24-hour trading volume of $20.00B. In the last 24 hours, Ethereum has experienced a decrease to -1.31. The market cap of Ethereum stands at $362.63B, with 122.06M in circulation. For those looking to buy or trade Ethereum, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $362.63B
- Volume
- $20.00B
- Circulating supply
- $122.06M
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