What is ETH 2.0?

Ethereum 2.0 is the highly anticipated upgrade expected to improve ETH network efficiency by using a Proof of Stake mechanism (rather than the current Proof of Work mechanism). It is not yet known exactly when Ethereum will roll out this update, although the ETH 2.0 blockchain is expected to go live within the next 12-24 months. Please note that when the ETH 2.0 blockchain will go live is entirely at the discretion of Ethereum, and is outside of eToro’s control.

Stake to potentially earn between 5%-6.25%

Staking with eToro is a process that allows users who own and hold supported cryptoassets to earn rewards – just for holding them. eToro executes the staking process on behalf of its users. The rewards are more of these cryptoassets, which means that users grow their cryptoasset holdings, using a similar mechanism to the way in which a person can earn interest on money.

Staking ETH 2.0 on eToro is similar to staking other cryptoassets, but with a significant exception: any staked ETH will be locked until ETH 2.0 is fully launched. This means that eToro users who choose to stake their ETH will be earning additional ETH throughout the staking process, but, practically speaking, will only have access to the staked ETH and the accrued rewards once Ethereum makes the ETH 2.0 blockchain live.

Staking of ETH 2.0 is executed solely on the crypto wallet within the eToro Money app, yet another difference to the regular staking process.

Please note that the date that the ETH 2.0 blockchain goes live is entirely at the discretion of Ethereum, and is outside of eToro’s control.

Click here to learn more about staking.

How does staking ETH 2.0 on eToro work?

To start staking ETH, first download the eToro Money app.

You can then transfer ETH from the eToro investment platform to the crypto tab on your eToro Money app. Please note that ETH transferred to the eToro Money app cannot be transferred back.

Request the amount of ETH you wish to stake (minimum 1 ETH), which will then be sent automatically to the staking address. Please note that, as per Ethereum’s protocol, staked ETH will be locked until the ETH 2.0 blockchain is launched.

You can view the status of your ETH 2.0 along with the accrued staking rewards in the crypto wallet within the eToro Money app. Once the ETH 2.0 blockchain is launched you will have access to the original assets and the rewards.

*Terms and conditions apply.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. HODL is not investment advice.

eToro’s Staking Service does not include cryptoassets held using CFDs, copy trading, copy portfolios, or short positions.

Staking Rewards Calculation

Staking ETH on eToro helps secure the ETH 2.0 blockchain network,and also means that you can earn between 5%-6.25% rewards per year on the ETH that you stake.

The amount of ETH 2.0 staking rewards are calculated by Ethereum according to the amount of ETH staked in total. You will be able to see all the accrued rewards on your staked ETH, as well as the entire amount of ETH 2.0 staking rewards given in the eToro Money Crypto Wallet.

You will also receive a monthly email letting you know how much your staked ETH has increased.

eToro takes great care to protect our users’ cryptoassets against exposure to any additional risks, sparing them the hassle and complication of staking on their own. Consequently, eToro retains a small percentage of the yield to cover the various operational, technical, and legal costs involved.

Reward percentage of the monthly ETH staking yield, per tier

 

Bronze and all US customers Silver, Gold, Platinum Club members Diamond, Platinum+ Club members
75% 85% 90%

 

Ready to start earning staking rewards?

 

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FAQ

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. Staking ETH 2.0 has a predetermined locking period that will limit your access to your ETHs and your ability to liquidate your position. HODL is not investment advice.