How to stake Ethereum 2 (ETH2)
Do you want to earn ETH2 Staking Rewards by staking ETH2? You can convert your Ethereum into Ethereum 2.0 (ETH2) and start earning interest on it. Have your ETH work for you instead of letting it sit in your wallet doing nothing. We will go over 2 exchanges where you can convert your ETH into ETH2 and start staking it.
WARNING: When staking ETH2, your ETH2 will be locked until Ethereum 2.0 officially launches. Current estimates say it will launch some time in 2022.
Earn Eth2 Staking Rewards
Exchanges
Staking on an exchange is the easiest way to stake your Eth2 because all you need to do is buy it and then leave it in your exchange’s wallet. Unfortunately this also means that you do not own your cryptocurrency and if anything happens to your account, you risk losing everything that you hold on that exchange.
Coinbase
Coinbase is famous for being one of the most beginner friendly Cryptocurrency exchange platforms. However, it does have higher fees than other exchanges. Coinbase currently provides 5% interest on your ETH if you convert it to ETH2 and stake it.
Desktop
- Skip to step 4 if you already have Ethereum on your account.
- Click the “Send/Receive” button.
2. Go to the “Receive” tab and change the asset to Ethereum. Send your ETH to the provided wallet address.
3. Go to the Ethereum overview page.
4. Scroll down and look for the option to stake.
5. If you haven’t signed up for ETH2 staking yet, you will need to be put on a waitlist to be approved for ETH2 staking. You do not need to have any ETH to sign up for this waitlist. If you are already approved for ETH2 staking, click “Stake now”.
6. Go through the prompts until you are asked how much you wish to stake. Stake as much as you feel comfortable in staking. If you are planning on holding long term anyway, we recommend just staking your entire ETH balance. Remember that staking your ETH will lock it until Ethereum 2.0 officially launches and you will not be able to trade it until then.
7. After deciding on the amount you’ll be staking, click “Stake Now”.
8. You’re all done! Your ETH has been converted to ETH2 and is now earning interest.
Mobile
- Skip to step 4 if you already have Ethereum on your account.
- Press the double arrow button at the bottom middle of your screen and click the “Receive” button.
2. Change the chosen wallet to Ethereum and send your ETH to the provided address.
3. Go to the Ethereum overview page.
4. Scroll down and look for the option to stake.
5. If you haven’t signed up for ETH2 staking yet, you will need to be put on a waitlist to be approved for ETH2 staking. You do not need to have any ETH to sign up for this waitlist. If you are already approved for ETH2 staking, click “Stake now”.
6. Go through the prompts until you are asked how much you wish to stake. Stake as much as you feel comfortable in staking. If you are planning on holding long term anyway, we recommend just staking your entire ETH balance. Remember that staking your ETH will lock it until Ethereum 2.0 officially launches and you will not be able to trade it until then.
7. After deciding on the amount you’ll be staking click “Stake Now”.
8. You’re all done! Your ETH has been converted to ETH2 and is now earning interest.
Kraken
Kraken is another popular cryptocurrency exchange. While it isn’t as beginner friendly as Coinbase is, it is still relatively simple to use and also has one of the best support teams out of all the cryptocurrency exchanges. Kraken currently provides 5-7% interest per year on your ETH.
- Skip to step 5 if you already have Ethereum on your account.
- Go to the “Funding” section. Click “Deposit”.
2. Select Ethereum and then generate a deposit address.
3. Send your ETH to the provided address.
4. Go to the “Earn” section and click on the “Stake” button. Select Ethereum.
5. Stake as much as you feel comfortable in staking. If you are planning on holding long term anyway, we recommend just staking your entire ETH balance. Remember that staking your ETH will lock it until Ethereum 2.0 officially launches and you will not be able to trade it until then.
6. After finalizing the staking, you’re all done! Your ETH has been converted to ETH2 and will begin earning interest after 14 days.
How To Stake Eth2 Without Being Locked Up
Celsius Network
Celsius is a popular crypto borrowing and lending platform that allows you to earn interest on a variety of different cryptocurrencies. Earning interest on Celsius is extremely easy because all you need to do is hold the cryptocurrency in your Celsius wallet, no need to lock it up. Celsius currently provides 5.35% interest on your ETH. Currently Celsius has disabled withdrawals, so now is not a good time to sign up.
Desktop Version:
- Go to https://celsius.network/ and create a new account. Earn up to a $50 sign up bonus when you use referral code 109902077a at sign up.
- You must transfer the required amount to earn the Celsius sign up bonus.
2. Once your account is set up, you will see your dashboard.
3. Click on the “Receive” tab and then click “Add New Coins”. Add Ethereum (ETH) and it will then show up on your list of coins. Click “View and Copy Address”.
4. Send your ETH to the provided address.
5. After receiving your ETH, you’re all done! You will start accruing interest immediately and rewards are distributed weekly.
Mobile Version:
1. Go onto your mobile device’s app store and download the Celsius app (Android and iOS supported).
- Earn up to a $50 sign up bonus when you use referral code: 109902077a at sign up.
2. Open the app and click Join Celsius and complete the process of creating a new account.
3. Once your account is finished setting up, press the “Transfer” tab to bring up options.
4. Press “Receive”.
5. Select Ethereum (ETH) from the drop-down menu to get your ETH address.
6. After receiving your ETH, you’re all done! You will start accruing interest immediately and rewards are distributed weekly.
- Note: As of April 15, 2022, New US customers for Celsius will not have access to any interest earning opportunities at all until their Earn Interest Product 2.0 comes out. Non-US customers and prospective customers are not affected by this.
Final Thoughts
Ethereum is relatively easy to stake and earn interest on. The only downside is that you need to lock up your Ethereum to earn interest. If you need your funds in case of an emergency, we don’t recommend staking your Ethereum through this method.
If you wish to earn interest on your Ethereum without locking it, we recommend using Celsius. You will receive about the same amount of interest per year and your ETH will not be locked. See our regular ETH Staking guide to see how to earn interest on your ETH with Celsius.
ETH2 Staking gives you multiple was to earn Eth2 Staking Rewards. We have given you the tools to stake ETH2, and now you can choice the best option that fits your needs. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
Related Cryptocurrency Staking:
