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Can I stake ETH on Coinbase using a hardware wallet?

avatarBrianna AndradeNov 24, 2021 · 3 years ago8 answers

Is it possible to stake Ethereum (ETH) on Coinbase using a hardware wallet? I want to earn passive income by staking my ETH, but I also want to ensure the security of my funds by using a hardware wallet. Can Coinbase support this feature?

Can I stake ETH on Coinbase using a hardware wallet?

8 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, you can stake ETH on Coinbase, but currently, Coinbase only supports staking for certain cryptocurrencies like Tezos (XTZ) and Cosmos (ATOM). Ethereum staking is not available on Coinbase at the moment. However, you can still use a hardware wallet to securely store your ETH while waiting for Coinbase to introduce ETH staking in the future.
  • avatarNov 24, 2021 · 3 years ago
    Unfortunately, Coinbase does not currently offer ETH staking. However, there are other platforms and exchanges that support ETH staking, such as Binance and Kraken. You can transfer your ETH to these platforms and stake them using a hardware wallet for added security.
  • avatarNov 24, 2021 · 3 years ago
    While Coinbase does not support ETH staking at the moment, you can explore other options like BYDFi, a decentralized finance platform that allows you to stake ETH and earn passive income. With BYDFi, you can securely stake your ETH using a hardware wallet and enjoy the benefits of decentralized finance.
  • avatarNov 24, 2021 · 3 years ago
    No, Coinbase does not support ETH staking with a hardware wallet at this time. However, you can consider using a platform like Binance, which offers ETH staking and supports hardware wallets. By staking your ETH on Binance, you can earn rewards while keeping your funds secure in a hardware wallet.
  • avatarNov 24, 2021 · 3 years ago
    ETH staking on Coinbase using a hardware wallet is not currently available. However, you can explore other options like decentralized finance protocols such as Compound or Aave, which allow you to lend or borrow your ETH and earn interest. Remember to always prioritize the security of your funds by using a hardware wallet.
  • avatarNov 24, 2021 · 3 years ago
    At the moment, Coinbase does not support ETH staking with a hardware wallet. However, you can consider using a platform like Kraken, which offers ETH staking and supports hardware wallets. By staking your ETH on Kraken, you can earn rewards while keeping your funds secure in a hardware wallet.
  • avatarNov 24, 2021 · 3 years ago
    Unfortunately, Coinbase does not currently support ETH staking. However, you can explore other platforms like KuCoin or Huobi, which offer ETH staking options. Remember to always do your own research and choose a platform that aligns with your needs and preferences.
  • avatarNov 24, 2021 · 3 years ago
    ETH staking on Coinbase using a hardware wallet is not available at this time. However, you can consider using a decentralized exchange like Uniswap or SushiSwap, which allow you to provide liquidity and earn fees in return. Make sure to use a hardware wallet to securely store your ETH while participating in decentralized exchanges.