How do you stake your ETH?

[ABCbits]

We frequently see people recommend staking ETH to get easy or passive income. But i wonder how exactly people stake their ETH? Using exchange or wallet are probably most convenient option, but usually at expense of trusting them. Other option require less trust, but less convenient and occasionally comes with higher fees.

I've read thread Eth staking/savings options. Your opinion?., but that thread primarily talk about highest APY/APR. For reference, SaaS refer to service where you stake 32 ETH or more where you give signing keys (not withdraw key).

[rdluffy]

In my case, I use my ETH in lend/borrow protocols, and I borrow other coins, like weETH for example, to invest in other protocols to earn points for future airdrops or to get another advantage (EigenLayer)

I consider this to be a better option at least in my case, as the return on the ETH stake is not so high that I can justify leaving it locked instead of using it for the purposes I mentioned above, and I can do this in L2s instead of ETH network (more expensive)

[MUGNIA]

because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake  it on Binance or a trusted exchange that can bet ETH and even other coins.

[ABCbits]

because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake  it on Binance or a trusted exchange that can bet ETH and even other coins.

That makes sense. The gas fee to stake/unstake ETH alone could take all profit from staking.

[MrSpasybo]

because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake  it on Binance or a trusted exchange that can bet ETH and even other coins.

I also don't have a lot of ETH, so I'm not really interested in staking ETH on Binance. Honestly, I'm afraid that ETH price will fluctuate wildly in the near future, and I won't be able to manage my account if I have to wait a few days to receive my ETH from staking. A small portion of my ETH is in Earn, and the rest is in OCO orders on Binance.

For me, the rewards from staking aren't worth giving up the opportunity to sell my ETH or use it to buy some other native tokens at more attractive price zones. The significant increase in ETH price during the bullrun will be enough to bring me satisfactory profits.

[|MINER|]

We frequently see people recommend staking ETH to get easy or passive income. But i wonder how exactly people stake their ETH? Using exchange or wallet are probably most convenient option, but usually at expense of trusting them. Other option require less trust, but less convenient and occasionally comes with higher fees.

I've read thread Eth staking/savings options. Your opinion?., but that thread primarily talk about highest APY/APR. For reference, SaaS refer to service where you stake 32 ETH or more where you give signing keys (not withdraw key).

What I understand about the staking is give your funds access to the third party and here I have trust issue where should I stake my asset I have use binance for staking the USDT and the BNB some time they give interesting APR but I sawn that they didn't give a good APR on the Ethereum an that is the reason I don't stake Ethereum. And I have also some trust issues on the decentralized pool but I will take my eyes on it if I see some interesting APR rate may I could stake my Ethereum on that.

[Vision pro]

Binance Exchange is the best for betting.  I can't bet because I don't have that kind of money I've been saving little by little Ethereum and when I have too much to save I'll bet a small amount from there because if I bet it all if I lose it's all gone  I can do this.  I have seen many people lose their bets and become destitute.

[Trongduy]

In my case, I use my ETH in lend/borrow protocols, and I borrow other coins, like weETH for example, to invest in other protocols to earn points for future airdrops or to get another advantage (EigenLayer)

I consider this to be a better option at least in my case, as the return on the ETH stake is not so high that I can justify leaving it locked instead of using it for the purposes I mentioned above, and I can do this in L2s instead of ETH network (more expensive)

That sounds like a smart strategy, especially if you’re focused on maximizing the utility of your ETH and taking advantage of lower fees on L2s. By using lend/borrow protocols and investing in other protocols, you’re able to keep your ETH liquid while also earning potential rewards through airdrops or other advantages. It’s a more flexible approach compared to staking, where your ETH would be locked up for a period with potentially lower returns. Plus, operating on L2s helps reduce costs, making your strategy even more efficient.

[target]

Meaning the Defi projects in  Eth gives more profit than staking Eth but isn't it as risky as sending your token to someone that could turn to scam the next day?

I dont have a lot of ETH too but even if I do have I wouldn't be considering staking. It locks up our money and the platforms ask more when you withdraw before the scheduled date. In case of emergency, you lost money already and any time they could increase the fee too.

[ABCbits]

For me, the rewards from staking aren't worth giving up the opportunity to sell my ETH or use it to buy some other native tokens at more attractive price zones. The significant increase in ETH price during the bullrun will be enough to bring me satisfactory profits.

I don't know how exactly it works. But certain pool would give you token (e.g. rETH on Rocket Pool), where you can hold it to get staking reward or trade it with other coin/token.

And I have also some trust issues on the decentralized pool but I will take my eyes on it if I see some interesting APR rate may I could stake my Ethereum on that.

I also have concern about those decentralized pool. It's hard to understand how it works and verify how decentralized or trustless are those pool.

[kai]

If I trust Binance as an exchange that has good legality, then I will definitely stake Ethereum on Binance, but I don't think I'm that interested in staking Ethereum on Binance, I'm afraid there will be a few obstacles if it is diverted to Binance.
I prefer to store it in the local market so that if there are certain obstacles, I can visit the head office, I store and stake Ethereum on the Indodax market.

[KryptoBull]

Meaning the Defi projects in  Eth gives more profit than staking Eth but isn't it as risky as sending your token to someone that could turn to scam the next day?

I dont have a lot of ETH too but even if I do have I wouldn't be considering staking. It locks up our money and the platforms ask more when you withdraw before the scheduled date. In case of emergency, you lost money already and any time they could increase the fee too.

DeFi protocols often offer higher APY than staking rewards, but they naturally come with more risks related to security or being exploited by hackers if vulnerabilities in the protocol are exploited. A safer option is to participate in LP on UniSwap DEX, I think UniSwap is quite secure because it has existed and been developed for many years.

If you stake ETH on CEXs and want to withdraw your ETH before the deadline, you will need to wait a few days and lose the ETH rewards that have been paid in advance, meaning you will not get anything from staking but you will also not lose your ETH. For example, if you stake 1000 ETH for 1 month, you have received 0.1 ETH in the first 25 days and want to withdraw ETH on the 26th day, you will need to wait 3 days to receive 999.99 ETH on the 29th day. So you will still have 1000 ETH as before

[ABCbits]

If I trust Binance as an exchange that has good legality, then I will definitely stake Ethereum on Binance, but I don't think I'm that interested in staking Ethereum on Binance, I'm afraid there will be a few obstacles if it is diverted to Binance.
I prefer to store it in the local market so that if there are certain obstacles, I can visit the head office, I store and stake Ethereum on the Indodax market.

That's great if exchange you use isn't far from where you live. But  how helpful is it when they don't provide document statement that you stake certain amount of ETH?

[|MINER|]

I also have concern about those decentralized pool. It's hard to understand how it works and verify how decentralized or trustless are those pool.

In the previous time I thought that may be decentralized pool or staking on decentralized platform would be good idea. And after doing some research what I understand by the staking is only that your fund you are putting on the third person hand who will give you interest and if the person is a fraud then you will loose your fund even that is decentralized platform.
So now I am doing some staking on bnb and the FDUSD for the launchpool on the Binance, I trust binance more than the decentralized staking platform, But not for the long-term.

[kai]

If I trust Binance as an exchange that has good legality, then I will definitely stake Ethereum on Binance, but I don't think I'm that interested in staking Ethereum on Binance, I'm afraid there will be a few obstacles if it is diverted to Binance.
I prefer to store it in the local market so that if there are certain obstacles, I can visit the head office, I store and stake Ethereum on the Indodax market.

That's great if exchange you use isn't far from where you live.

Yes, I am grateful that the Indodax office is not far from my house, so when I have any problems with Indodax, I just visit the office to discuss how to solve the problem.

FYI: and for the feature, it is in the "Earn" section and there is a "Stake ETH" option according to the screenshot.

But  how helpful is it when they don't provide document statement that you stake certain amount of ETH?

For the document is not there, maybe I should provide information on the first ETH deposit to Indodax, then the first ETH stake in the "Earn" section. If the evidence is not enough, I will report Indodax to the authorities because Indodax is already supervised by OJK and BAPPEBTI.