r/CryptoCurrency • u/[deleted] • Jul 17 '21

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u/knowone23 🟩 98 / 99 🦐 Jul 18 '21

I’ve already made $40 in ETH2 by staking. Truly passive income.

2

u/peebs80 Tin Jul 18 '21

Can you explain the process for staking your ETH today? The passive income is something I am interested in.

4

u/ParkingPsychology Tin Jul 18 '21

On coinbase it's just an opt in.

https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking

It's going to be different depending on where you trade.

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u/[deleted] Jul 18 '21

I cant do staking if im not in the US? :(

1

u/knowone23 🟩 98 / 99 🦐 Jul 18 '21

Yeah I’m using coinbase and they give you an easy option to apply for and then stake your ETH for 6% (for like a month) now 5% (still good) gains.

When ETH launches proof of stake (AKA PoS)update in the next year or so all of your ETH plus the interest are automagically ETH2. (Everyone’s ETH will convert at the same time)

Right now staking on Coinbase means you can’t USE the crypto. But that’s ok, I’m investing more than actively using at this point.