How to stake Ethereum on the Compass app

Staking is a way to earn rewards (cryptocurrency) while helping strengthen the security of the blockchain network. You can unstake your crypto at any time, and your crypto is always yours. You can stake ETH to earn rewards. When you stake your ETH, it converts to staked ETH on Coinbase. The price of staked ETH is identical to ETH. The Ethereum network now allows for unstaking. We've also moved staked balances of Ethereum (formerly ETH2) to the primary ETH asset page. This change has no impact on the amount you are staking or on your staked Ethereum rewards. What you need to know about staking ETH: Minimum or maximum stake - There are no minimums to stake - There is a maximum of 10,000 for staking ETH - The maximum amount will change over time and isn’t specific to your individual account Staked ETH - The Ethereum network now allows for unstaking - ETH2 is no longer a standalone asset - Your staked ETH balance is reflected on your Ethereum asset page - This change has no impact on the amount you are staking or on your staked Ethereum rewards - This change does not impact cbETH - There are no tax implications from this change cbETH - Coinbase Wrapped Staked ETH (cbETH) represents staked ETH in a tradable form at Coinbase - Lets you buy, sell, send, or use your staked ETH position At Coinbase, our mission is to create an open financial system for the world. 🔵🌍 ✅ Subscribe to our channel here: https://www.youtube.com/channel/UCofTOFX4QuhT8OY-3-fFRFw/?sub_confirmation=1 ► To own a piece of the future visit Coinbase: https://coinbase.com ► Follow us on Twitter: https://twitter.com/coinbase ► Like us on Facebook: https://www.facebook.com/coinbase/ ► Find us on Instagram: https://www.instagram.com/coinbase/ #coinbase #Cryptocurrency #Blockchain #CoinbaseExchange #CoinbaseApp #OpenFinancialSystem #CryptoForAll __ This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.