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 bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Ethereum (ETH) Tokens
To stake Ethereum, you need to own it. To get Ethereum, you'll need to buy it. You can select from these popular exchanges.
See all 41 pricesPlatform Coin Price Nexo Ethereum (ETH) 3,292.32 PrimeXBT Ethereum (ETH) 3,287.5 M2 Ethereum (ETH) 3,290.03 Uphold Ethereum (ETH) 3,289.12 EarnPark Ethereum (ETH) 3,298 Klink Ethereum (ETH) 3,289.08 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.
See all 20 staking rewardsPlatform Coin Staking rewards Nexo Ethereum (ETH) Up to 3.5 APY Uphold Ethereum (ETH) Up to 3 APY YouHodler Ethereum (ETH) Up to 9 APY Klink Ethereum (ETH) Up to 3.2 APY Bitget Ethereum (ETH) Up to 4 APY 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 might 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 USD 3.55 with a 24-hour trading volume of USD 29.14B. The market cap of Ethereum stands at USD 391.24B, with USD 120.48M ETH in circulation. For those looking to buy or trade Ethereum, Nexo offers avenues to do so securely and efficiently
- Market cap
- USD 391.24B
- 24h volume
- USD 29.14B
- Circulating supply
- USD 120.48M