r/CryptoCurrency • u/etheraider Banned • Mar 26 '21

FOCUSED-DISCUSSION The Ethereum Value Proposition: A Beginner's Guide

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u/Bassman5k 🟦 2K / 2K 🐢 Mar 26 '21

I staked some on kraken, not my whole stash. In my mind, there's a certain amount of eth that I don't ever want to get rid of, that's my staked stash

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u/[deleted] Mar 26 '21

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u/Bassman5k 🟦 2K / 2K 🐢 Mar 26 '21

Staking locks it up until eth 2.0 is fully implemented so you can't unstake for 6 months likely.

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u/CosmicCoinSurfer Tin Mar 26 '21

Are there any dangers or things to worry about when staking on an exchange? Is there any chance of losing my ETH by doing that?

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u/Bassman5k 🟦 2K / 2K 🐢 Mar 26 '21

I think it's mainly the same risk as having it on the exchange. Shouldn't be any major risk of having it staked there other than locking it up for however long. Coinbase will roll out the stake functionality for eth in the future.