How to unstake your assets

In this video we show you how to unstake eligible assets within your Coinbase account. What is staking? Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards. How does staking work? When the minimum balance is met, a node deposits that amount of cryptocurrency into the network as a stake (similar to a security deposit). The size of a stake is directly proportional to the chances of that node being chosen to forge the next block. If the node successfully creates a block, the validator receives a reward, similar to how a miner is rewarded in proof-of-work chains. Validators lose part of their stake if they double-sign or attempt to attack the network. How does earning rewards on Coinbase work? Coinbase customers can opt-in to stake their cryptocurrency in order to earn rewards from the blockchain. Rewards are determined by the protocol (such as Solana and Ethereum), are proportional to how much is staked (the more you stake, the more you may earn), and can change over time. Coinbase forwards rewards received from the blockchain, minus a transparent fee. Rewards may be paid out at different times, depending on the frequency of blocks produced by that cryptocurrency’s network. Customers won’t earn rewards simply by holding an eligible asset, but must opt-in to staking. Things to keep in mind - You may be required to accept User Terms specific to the asset you’d like to stake. Please read them carefully. - You retain full ownership of your staked crypto at all times. By staking, you are participating in the protocol’s security mechanism, which can affect your crypto in these ways: - Lockup periods. Most protocols restrict you from selling or transferring your crypto while it is staked. To sell or transfer, you’ll need to unstake your crypto first, which can take from a few hours to a few weeks to complete depending on the protocol. - Slashing. To ensure stakers do their job well, some protocols impose penalties (“slashing”) for bad performance. In the event of a slashing incident, Coinbase may or may not replace your assets—depending on the cause of the slashing. Learn more about the slashing policy by viewing the FAQ section below. - Both of these can vary by protocol, so make sure you understand the rules that apply to an asset before staking it. - Some protocols impose waiting periods before assets can be unstaked. You can ask us to unstake your assets at any time, but in some cases you may have to wait until this protocol “unbonding” period is complete before you can transfer or sell your staked assets. Coinbase does not impose any additional lock ups. - We take a commission on all rewards received. The return rate for our customers reflects this commission and the actual amount of your crypto that was staked. You can find our current commission in the Coinbase User Agreement. What are the eligibility requirements for rewards? - You must have your identity verified - You must have the minimum balance needed for that specific cryptocurrency - You can purchase or maintain the minimum balance on Coinbase, or transfer that cryptocurrency from an outside wallet or exchange - You must live in a jurisdiction eligible for staking that specific cryptocurrency We're updating the staking experience and the terms and conditions for staking are changing. Here’s what you need to know: You earn rewards from the protocol, not Coinbase. Coinbase acts only as a service provider connecting you, the validators, and the protocol. We pass along any rewards earned from staking, minus a transparent Coinbase fee. In rare cases, your staked assets may be lost due to network penalties or other errors. Any staked assets must be unstaked before you can sell or send them. This can take a few hours or a few weeks, depending on the rules of the protocol. 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.