Have you recently heard someone say that they have earned a huge profit by staking their crypto asset? Well, in that case, you might also be wanting to try your hands in this field. Isn't it? But, do you know what "staking" actually is?
In simple terms, we can say that you'll be rewarded if you hold your crypto assets for a span. This is similar to what we do in our banks. For making a fixed deposit, we are provided with a certain interest on our fixed money.
Yes, you got that right. Similarly, by staking the crypto coins that are available in your coinbase.com login account, you can definitely make a fair play in this program. But, you have to settle on one point- you cannot sell those staked tokens until the platform allows you to. So, if you agree to this point, let me show you the clear way to earn great rewards and benefits by "staking" some of your crypto coins.
Staking ETH through coinbase login
The first step towards staking your crypto assets is to sign into your Coinbase account. So, go to the coinbase login webpage, enter the correct login credentials and sign in. After you have landed in your account, you can apply the same steps listed below:
- Go to the "Assets" tab available within your account
- Followed by this, you can select the "Ethereum" option from the available ones
- Thereafter, you need to select the "Primary Balance" option for Ethereum
- It's time to click on the "Stake your ETH" icon
- When you're shown the disclaimer, review it and select "I, Understand"
- After that, choose the amount that you wish to stake
- To continue, select "Preview Stake"
- On the final screen, select "Stake now" > "Done"
If you are staking your crypto assets through the web version of Coinbase, then also you need to follow a similar set of steps. By staking your crypto assets through Coinbase, you get eligible to earn up to 3.82% APY in rewards. However, some trading and transfer restrictions would be applicable to your account.
Conclusion:
I hope you got a clear picture of how you can "stake" your crypto assets through your coinbase login profile. If you still have queries, please make your way to the "Help" section of Coinbase and you'll definitely find an answer to your query there.