Coinbase, Exchanges

Can I Stake Chainlink on Coinbase?

As of right now, you cannot stake Chainlink on Coinbase. Chainlink is a decentralized oracle network that allows smart contracts on Ethereum to securely connect to off-chain data sources, like payment processors, data providers, and various web APIs. LINK is the native cryptocurrency of the Chainlink network.

NOTE: WARNING: Coinbase does not currently offer staking for Chainlink (LINK). If you are considering staking your LINK on Coinbase, we strongly advise against it as it is not a supported feature. Staking of LINK tokens can be done on other platforms such as Binance or KuCoin. Please do your research before engaging in any form of staking to avoid any potential losses.

It is used to pay node operators for providing data and other services to the network. You can currently stake LINK on several different exchanges, including Binance and KuCoin.

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