Coinbase Staking
Do you want to learn about Coinbase Staking? If you’re new to cryptocurrency, Coinbase is probably the one cryptocurrency exchange that many other people would recommend you start with. Coinbase is the largest cryptocurrency exchange in the United States and for good reason. It has many features that make learning and trading easy to do and it’s very easy to use as well. Like other major cryptocurrency exchanges, Coinbase will allow you to earn interest on your cryptocurrencies and it is extremely easy to do so on Coinbase. Earn Coinbase Staking Rewards with Coinbase. In this article we will go over how to earn interest through Coinbase staking rewards.
Staking On Coinbase
Supported Cryptocurrencies
Not all cryptocurrencies can be staked to earn interest. Furthermore, even if a cryptocurrency can be staked, the exchange may not provide staking rewards for that cryptocurrency. Coinbase currently provides staking rewards for the following 6 cryptocurrencies, all of which are highly recommended cryptocurrencies to have.
Ethereum | Algorand | Cosmos | Tezos | Dai | USD Coin
- Click the links for guides on how to stake the cryptocurrency.
How To Earn Staking Rewards On Coinbase
With the exception of Ethereum, earning staking rewards on Coinbase is extremely easy. All you need to do is buy or transfer the supported cryptocurrencies to your Coinbase account and that’s it! You can click on your cryptocurrency’s wallet to see your total lifetime rewards.
Staking rewards are distributed at different time intervals depending on the cryptocurrency. For example, Algorand’s staking rewards are distributed daily, but USD Coin’s rewards are distributed monthly.
As mentioned earlier, Ethereum is different in that you can’t simply hold it in your Coinbase account and earn interest right away. It must first be converted into ETH2 and locked before it can earn interest. It will be locked until Ethereum 2.0 comes out in the future, so if you plan on selling your Ethereum soon or frequently, it may not be in your best interest staking it on Coinbase. For a guide on how to stake your Ethereum on Coinbase, CLICK HERE.
Final Thoughts
Coinbase is a very easy exchange to use and is also a very easy exchange to earn interest on the cryptocurrencies that it supports staking rewards for. With the exception of Ethereum, all you need to do to earn interest on the supported cryptocurrencies is hold it in your Coinbase account!
Earn Coinbase Staking Rewards by staking on Coinbase. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
