As the premier US-based cryptocurrency exchange, Coinbase is often the first stop for many crypto investors. One thing that Coinbase is known for is its user-friendly interface and overall Simplicity.
When it comes to staking your crypto on Coinbase, this process is no different. In this article, we will outline how to stake your crypto on Coinbase in just a few easy steps.
Before we get started, it’s important to note that not all cryptocurrencies available on Coinbase can be staked. At the time of writing, the only supported cryptocurrencies for staking on Coinbase are Tezos (XTZ) and Algorand (ALGO).
With that said, let’s take a look at how to stake your crypto on Coinbase.
The first step is to log into your Coinbase account and navigate to the “Portfolio” page. From here, you will select the cryptocurrency that you would like to stake.
For this example, we will select Tezos.
Once you have selected the cryptocurrency that you would like to stake, you will be taken to that currency’s page where you will select the “Stake” button.
On the next page, you will be shown how much of your selected cryptocurrency you can stake as well as the current reward rate. Here you will also have the option to set up a recurring deposit if you wish.
When you are ready to continue, simply click on the “Stake Now” button.
On the next screen, you will be prompted to confirm your transaction. Once you have confirmed that everything looks correct, go ahead and click on the “Confirm” button.
That’s it! You have now successfully staked your crypto on Coinbase! In just a few easy steps, you were able to securely stake your crypto and begin earning rewards. Overall, staking your crypto on Coinbase is a very simple process that even newer investors can easily do.
So, can you stake on Coinbase Wallet? Yes! Staking your crypto on Coinbase is a simple process that even newer investors can easily do.