Where and How to Stake Ethereum (ETH)

Introduction

Staking Ethereum can be a great choice for those who want to hold ETH but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Ethereum (ETH) Tokens

   To stake Ethereum, you need to have it. To obtain Ethereum, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Nexo	Ethereum (ETH)	2,115.55
   PrimeXBT	Ethereum (ETH)	2,114.36
   Uphold	Ethereum (ETH)	2,114.48
   EarnPark	Ethereum (ETH)	2,140.03
   Kraken	Ethereum (ETH)	2,115.58
   OKX	Ethereum (ETH)	2,108.93

   See all 82 prices

2. 2. Select a Ethereum Wallet

   Once you have ETH, you’ll need to choose a Ethereum wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   Nexo	Ethereum (ETH)	Up to 3.5 annual percentage yield
   Uphold	Ethereum (ETH)	Up to 2.1 annual percentage yield
   YouHodler	Ethereum (ETH)	Up to 9 annual percentage yield
   Bitget	Ethereum (ETH)	Up to 4 annual percentage yield
   Blockchain.com	Ethereum (ETH)	Up to 2.4 annual percentage yield

   See all 38 staking rewards

3. 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. 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.