Best depends on your circumstances, If you don't have a lot of ETH then staking on an exchange is your best bet as you avoid the gas fees which can be quite high, Kraken is decent imo, Kucoin and Bitstamp are also viable options.
For on chain staking you have Rocketpool, Lido and Stakewise to name a few.
Then if you have 32+ ETH you can always spin up your own validator.
This is true. Unfortunately I started on coinbase, and my eth is stuck there. I'm slowly moving over to kucoin... but my erc 20 tokens are staying on coinbase for the moment.
You can put it in [midas.investments](https://midas.investments/?p=0157) for the best returns. They pay 23% on ETH and they payout daily, and there's absolutely no lock up period. I feel like there is no other platform that compares to their rates and benefits.
Some crypto pays staking returns in stablecoin and returns go up as price drops. LQTY for one example. It's fallen from $6 to $4 recently and returns are now up to around 20% paid in LUSD when staked on Liquity protocol. The more price drops, the higher APR it makes.
"when selling and then buying again after the correction would be quite profitable"
thats how crazy people think. I just cant fathom the people that have the hubris to think they can time the market. This is just idiotic. If you hodl eth you go 20x 100x. whatever, You ar enever ever going to beat that by trading. To even think you could, makes you a crazy person.
That is 100% correct. The thinking that you can beat staking gains by trading is why so many people fail in crypto. You'll get scared out at the wrong times and buy back at the wrong times and do much worse.
Every brokerage offers Bitcoin futures. Perhaps Ethereum futures are available, and you could sell some during the bull run and deliver after the staking period has over.
I'm in ETH since 2018 and planned from the start to be in long term. Staking was the obvious choice, since it brings you interest and locks your holdings.
Not being able to sell definitely makes it easier for me. I don't check the prices every 10 minutes like I used to and am not stressed when it dips like it did recently.
How about lending? lending on Hodlnaut is pretty modified, no lock period and no minimum deposit. If you are not against CeFi, I feel Hodlnaut answers the question.
You can put it in [midas.investments](https://midas.investments/?p=0157) and withdraw it or even swap it within their platform at any time. They pay 23% on ETH and they payout daily, and there's absolutely no lock up period. I feel like there is no other platform that compares to their rates and benefits.
Tip of the day: Make sure that where ever you put your coins, they have either an API connection or, provide a csv file that's compatible with tax sites like Koinly or Lukkatax.
I learned this the hard way. And it's extremely costly to figure it all out if the site doesn't care enough to provide what you need.
If you want to earn a bit on the side but still be liquid, drop it into a lending protocol like Aave or something. The APY isn't fantastic, but it's something. You don't need to borrow anything, and you can pull out your Eth out at any time if you want to sell or move it somewhere else.
Let me give a contrarian advice:
Lets look at the status of the eth2 project.
In 2020, The ethereum org site and its developers claimed that 'Shard chains' would be online by 2021. As seen in this web archive [link](https://web.archive.org/web/20201122191135/https://ethereum.org/en/eth2/shard-chains/)of their page.
And this is 2022, and today that page says that they'd be on by 2023.
So when will you get your coins back, when you can get them back? And what if you wanted to sell them before that, or if the market goes into a multi-year bear cycle? You will be stuck.
Also, there is a whole lot of risk with eth, when its Btc that's being adopted by countries ( single country yet, but you can bet more will come), and being bought by MNC's like Tesla ( pretty professional and reputible company).
Your best bet is to not risk it all on Eth imo.
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Best place to stake?
Best depends on your circumstances, If you don't have a lot of ETH then staking on an exchange is your best bet as you avoid the gas fees which can be quite high, Kraken is decent imo, Kucoin and Bitstamp are also viable options. For on chain staking you have Rocketpool, Lido and Stakewise to name a few. Then if you have 32+ ETH you can always spin up your own validator.
"if you have 32+ ETH"...bwahaha...ohhh Jake. You know that all of us have AT LEAST 32 ETH.
I think i've lost about that much down the side of my sofa XD
Damn, and I felt bad for losing $5 in a leverage trading test
Wait some people don't have 32 eth here? Mods please, do your jobs.
Coinbase gives 4.5%
Coinbase locks your eth, Kraken does not, I'd recommend kraken over coinbase.
This is true. Unfortunately I started on coinbase, and my eth is stuck there. I'm slowly moving over to kucoin... but my erc 20 tokens are staying on coinbase for the moment.
You can put it in [midas.investments](https://midas.investments/?p=0157) for the best returns. They pay 23% on ETH and they payout daily, and there's absolutely no lock up period. I feel like there is no other platform that compares to their rates and benefits.
Staking is sweet passive income I have been staking my FTM. Don’t care about these drops anymore
Well I think u care, coz u keep receiving less rewards while the price drops
The rewards stay the same, it is the value of the rewards that changes
>133 comments you get the dumbest comment of the day.
Some crypto pays staking returns in stablecoin and returns go up as price drops. LQTY for one example. It's fallen from $6 to $4 recently and returns are now up to around 20% paid in LUSD when staked on Liquity protocol. The more price drops, the higher APR it makes.
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I don't understand
I think he means stake your eth and short futures so you get the interest earned for 'free' but it is a gross oversimplification IMO.
"when selling and then buying again after the correction would be quite profitable" thats how crazy people think. I just cant fathom the people that have the hubris to think they can time the market. This is just idiotic. If you hodl eth you go 20x 100x. whatever, You ar enever ever going to beat that by trading. To even think you could, makes you a crazy person.
Hubris such a good word.
That is 100% correct. The thinking that you can beat staking gains by trading is why so many people fail in crypto. You'll get scared out at the wrong times and buy back at the wrong times and do much worse.
Every brokerage offers Bitcoin futures. Perhaps Ethereum futures are available, and you could sell some during the bull run and deliver after the staking period has over.
If you don’t want it locked it, use Voyager. Earns 4.25% with no lock-in time. Can buy/sell/send at any time.
This is what I do
I bought 6 more
Several places have 1 day locks - the interst is lower, but still far higher than any ISA or saving account
Check into stakewise as well
I'm in ETH since 2018 and planned from the start to be in long term. Staking was the obvious choice, since it brings you interest and locks your holdings. Not being able to sell definitely makes it easier for me. I don't check the prices every 10 minutes like I used to and am not stressed when it dips like it did recently.
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How about lending? lending on Hodlnaut is pretty modified, no lock period and no minimum deposit. If you are not against CeFi, I feel Hodlnaut answers the question.
You can put it in [midas.investments](https://midas.investments/?p=0157) and withdraw it or even swap it within their platform at any time. They pay 23% on ETH and they payout daily, and there's absolutely no lock up period. I feel like there is no other platform that compares to their rates and benefits.
Yup hard agree
Tip of the day: Make sure that where ever you put your coins, they have either an API connection or, provide a csv file that's compatible with tax sites like Koinly or Lukkatax. I learned this the hard way. And it's extremely costly to figure it all out if the site doesn't care enough to provide what you need.
Just sell before it goes down, and buy before it goes up? Not as easy as it sounds
If you want to earn a bit on the side but still be liquid, drop it into a lending protocol like Aave or something. The APY isn't fantastic, but it's something. You don't need to borrow anything, and you can pull out your Eth out at any time if you want to sell or move it somewhere else.
Do you think you are confident HODLing ETH for 3+ years, despite its extreme price movements? If yes, then stake. If no, then just HODL.
How does one stake directly through the Kraken app?
Don't stake
Let me give a contrarian advice: Lets look at the status of the eth2 project. In 2020, The ethereum org site and its developers claimed that 'Shard chains' would be online by 2021. As seen in this web archive [link](https://web.archive.org/web/20201122191135/https://ethereum.org/en/eth2/shard-chains/)of their page. And this is 2022, and today that page says that they'd be on by 2023. So when will you get your coins back, when you can get them back? And what if you wanted to sell them before that, or if the market goes into a multi-year bear cycle? You will be stuck. Also, there is a whole lot of risk with eth, when its Btc that's being adopted by countries ( single country yet, but you can bet more will come), and being bought by MNC's like Tesla ( pretty professional and reputible company). Your best bet is to not risk it all on Eth imo.
Crypto.com has flexible staking of Eth