Coinbase is one of the biggest crypto exchanges in the world right now, and they are currently offering staking rewards for Ethereum 2.0 to their customers.
Currently, the waitlist is live in the United States, the United Kingdom, Germany, Ireland, Slovakia, Belgium, and Spain, and is also open to those who have yet to join.
Fortunately for Coinbase users, staking the second biggest crypto on the crypto market (Ethereum) has now been made possible as users now have a chance to earn amazing stake rewards when they join the waitlist on Coinbase.
Users who stake crypto are given a 5% yield simply for acquiring Ethereum 2.0. These rewards become a reality because the Ethereum blockchain puts that crypto to work to enable it to become more efficient and secure in every way.
Key Takeaways
• The Coinbase waitlist, as at the time of writing, was living in the United States, the United Kingdom, Germany, Ireland, Slovakia, Belgium, and Spain.
• The Coinbase waitlist is still active, which means you still have a chance to join once you log into your Coinbase account.
• Coinbase claims to offer staking rewards and the ability for their users to stake fractions of their Ethereum as a benefit for joining the waitlist.
• You can check out the Coinbase blog for up-to-date information regarding the waitlist for Ethereum staking.
SEE ALSO: How to Stake Ethereum on Coinbase
SEE ALSO: What Cryptos Can Be Staked On Coinbase
Coinbase assured its users who join the waitlist for Ethereum staking on Coinbase will be the first set of recipients to receive Ethereum 2.0 staking rewards.
To keep things in perspective, Coinbase only started offering crypto staking services in 2019, with support for only Tezos and Cosmos back then. As such, it is quite amazing to see how well they have come in the past three years.
According to Coinbase, once you have been sent off the waitlist, you now have the opportunity to stake fractions of your Ethereum holdings rather than the entire portion and can see your rewards increase with time through the lifetime rewards ticker on Coinbase.
One thing you should note, however, is that you cannot trade the portion of your Ethereum holdings you offered to stake, although this is a drawback that Coinbase is actively working on, and once information is available concerning that, it will be readily available to all users.
In terms of Ethereum 2.0 rewards, Coinbase has stated that it will keep its users informed once the information becomes available.
You can always check out the Coinbase blog in the about section when you click on the “Company” section in the upper right part of the website to get first-hand information on the latest happenings as regards Ethereum staking.
If you wish to join the waitlist, simply head on here, where you will be asked to sign in or sign up if you don’t have an account already with Coinbase. Then you will be shown your account where you will be asked to join the waitlist.
All you need to do is simply click on “Join Waitlist” and you will be added to the list.
“Ethereum and Ethereum 2.0”
It is common knowledge that Ethereum was created in 2015 and has now gone on to be the second-largest cryptocurrency after Bitcoin.
One factor that differentiates it from Bitcoin, however, is that it wasn’t created to be digital money; instead, it was originally made to be an efficient, decentralized platform.
As such, this is a massive step by Coinbase, particularly because upgrading to Ethereum 2.0 entails faster transaction speeds, efficiency, and scalability.
You can check out their Ethereum guide to take a look at its origin and capabilities, and also find out more about staking and trading here on the Coinbase platform.
SEE ALSO: How Often Does Coinbase Pay Staking Rewards
SEE ALSO: Borrow Cash On Coinbase With Bitcoin – All the Facts
Final Thoughts
Joining the waitlist for Ethereum staking on Coinbase is not a difficult task. Just log in to your Coinbase account if you have one, or sign up for a new account and then click on “Join the waitlist” on your dashboard.
With Coinbase being one of the best crypto exchanges in the world, you can never go wrong.
Read More
