How do you stake your ETH?

[JISAN]

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 don't have a lot of ETH like you, so I don't do Ethereum staking.  A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely. Because at that time you will not have full control of that coin. Because of this, if the platform you do your staking on refuses to give you ETH back, you have no chance to get them back. So I don't like staking.

[dekafee79]

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 don't have a lot of ETH like you, so I don't do Ethereum staking.  A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely. Because at that time you will not have full control of that coin. Because of this, if the platform you do your staking on refuses to give you ETH back, you have no chance to get them back. So I don't like staking.

I think binance is still safe enough to store ethereum and do staking, I have also used the exchange wallet from binance and so far it has been safe. I do staking on binance and get the profit but the profit I get is not as big as I do daily trading, this is what makes me stop staking.

[kulkhan]

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).

I also think staking is very profitable and Risk less. And Ethereum staking is more secured and profitable. But Rights now i have not any Staking on Ethereum. Few years ago i was stake Ethereum. And i was huge benefited from Ethereum staking. Now i haven’t enough fund so i couldn’t stacking Ethereum. I was did it on Binance. I think if anyone buy Ethereum and stake it for long time, it will be very very profitable for him. Now Ethereum price under $30k. I Think within short time it’s price will pump. And then we will be huge benefited there has no doubt.

[LogitechMouse]

I tried to stake some of my ETH on another platform called Renzo Protocol where you need to exchange your ETH to ezETH and in that way, you will be eligible in some airdrops like in Mode, and in Eigenlayer as well. It's called Liquid Staking.

Aside from the ETH that I deposited on Renzo Protocol, some of my ETH are stored on a wallet, and not staking at all. A reward of 3.21% annually for me isn't enough especially we are talking about cryptocurrency here where staking rewards are even higher than 3%. I don't want to recommend staking it on exchanges, but I guess staking on a reputable exchange like Binance might be an option just in case you don't want to stake it on RocketPool although I would not recommend storing all of your ETH on an exchange.

[vegasus]

I think binance is still safe enough to store ethereum and do staking, I have also used the exchange wallet from binance and so far it has been safe. I do staking on binance and get the profit but the profit I get is not as big as I do daily trading, this is what makes me stop staking.

Yes, Binance is a top exchange in the world that is trusted and has a high reputation. Well here, we just have to trust the staking program on the platform. Although it certainly does not guarantee 100% security, but compared to other platforms, especially new platforms that even offer APY that is many times higher than Binance, I personally will still choose Binance. Yes, because it is safe, rather than my money on other new platforms being stolen by them. hahaha

If I'm not mistaken, the APR for trading ETH on Binance is around 2.72%, right?
I got it from this info before, I tried it, but because the amount of ETH was also small, the reward was very small.

Source:
https://www.binance.com/en/earn/ethereum-staking

[Hamza2424]

Hmm, Good topic I've voted for the decentralized pool for staking, TBH ETH staking will be one of the dominant names in this cycle and now ETH is heading up again I've tried to accumulate some and now I'm thinking for the staking, haha even I've mentioned my preference for staking still I would like to check on others comments and make a new decision at the same time. I'm pretty sure there will be no need to change my preference as most of people are gonna vote for decentralized pools.

[dekafee79]

Hmm, Good topic I've voted for the decentralized pool for staking, TBH ETH staking will be one of the dominant names in this cycle and now ETH is heading up again I've tried to accumulate some and now I'm thinking for the staking, haha even I've mentioned my preference for staking still I would like to check on others comments and make a new decision at the same time. I'm pretty sure there will be no need to change my preference as most of people are gonna vote for decentralized pools.

Staking is a good method if you have a large amount of ethereum and have a long-term holding plan. I only have a small amount of ethereum, so I trade to make a profit, not staking. If I had a large capital I would also like to do staking, unfortunately my capital is limited.

[Bobcrypto]

Staking generally is good but risky in the sense that when the market turn bearish, it will be very certain that you will have to wait longer for the market recovery to get the actual profit earn during staking. The risks involved in staking is not only applicable to etheruem but all coins/tokens used to staked. If you stake during the bull run seasons, you will earn good rewards at the end but when market turn bearish it may becomes a loss.
I prefer trading to staking and I think it pays better to trade than staking wether on short/long term basis.

[ABCbits]

If I'm not mistaken, the APR for trading ETH on Binance is around 2.72%, right?
I got it from this info before, I tried it, but because the amount of ETH was also small, the reward was very small.

Source:
https://www.binance.com/en/earn/ethereum-staking

Based on my research, APR on each platform isn't that different. You probably want to check the APR history on Binance or other platform and check if there's any fee (e.g. staking reward fee).

I'm pretty sure there will be no need to change my preference as most of people are gonna vote for decentralized pools.

So far, i think you're the only one who voted "Decentralized pool" though.

[MrSpasybo]

Staking generally is good but risky in the sense that when the market turn bearish, it will be very certain that you will have to wait longer for the market recovery to get the actual profit earn during staking. The risks involved in staking is not only applicable to etheruem but all coins/tokens used to staked. If you stake during the bull run seasons, you will earn good rewards at the end but when market turn bearish it may becomes a loss.
I prefer trading to staking and I think it pays better to trade than staking wether on short/long term basis.

Sometimes, staking is a way for holders to hold their crypto more confidently during an uptrend when facing significant market fluctuations. However, it can sometimes lead investors to avoid cutting losses and suffer significant losses or miss opportunities to optimize the number of tokens in their accounts.

I've also encountered that problem. The price chart signals were very clear, but I needed to wait a few more days to receive the full staking rewards. Afterward, the token price dropped by 30%, while I only gained an additional 1% of tokens from the staking rewards. It was an important lesson for me to realize that staking is not always the best choice, even during a bullrun.

[B.Trader]

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)

Instead of locking your ETH in staking, where returns might be limited, you're opting for a more active strategy that could yield higher rewards, especially in terms of future airdrops or additional benefits from protocols. By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH.

[satpol_PP]

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)

Instead of locking your ETH in staking, where returns might be limited, you're opting for a more active strategy that could yield higher rewards, especially in terms of future airdrops or additional benefits from protocols. By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH.

I haven't dared to do as you said "By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH". Because I don't have the experience and expertise there. Currently I only stake ETH on binance, although the results are small but I feel safe. While for bigger results I do daily trading when the crypto market is good.

[ABCbits]

Staking generally is good but risky in the sense that when the market turn bearish, it will be very certain that you will have to wait longer for the market recovery to get the actual profit earn during staking. The risks involved in staking is not only applicable to etheruem but all coins/tokens used to staked. If you stake during the bull run seasons, you will earn good rewards at the end but when market turn bearish it may becomes a loss.
I prefer trading to staking and I think it pays better to trade than staking wether on short/long term basis.

Sometimes, staking is a way for holders to hold their crypto more confidently during an uptrend when facing significant market fluctuations. However, it can sometimes lead investors to avoid cutting losses and suffer significant losses or miss opportunities to optimize the number of tokens in their accounts.

I've also encountered that problem. The price chart signals were very clear, but I needed to wait a few more days to receive the full staking rewards. Afterward, the token price dropped by 30%, while I only gained an additional 1% of tokens from the staking rewards. It was an important lesson for me to realize that staking is not always the best choice, even during a bullrun.

That's bad experience. But FWIW, some staking platform give you something called liquid staking token whenever you stake your ETH. For example, RocketPool would give you rETH token. That token could be traded back to ETH or other coin quickly, although there less exchange which accept it.

[Azharul]

We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.

[legend45]

We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.

I also do staking on binance all this time. Binance is the biggest exchange and I spend a lot of my time trading there. So far I do it both trading, staking etc. on binance is safe and there is no doubt binance provides security for its users. I do not try to do staking on other exchanges, because I trust binance more than others.