this post was submitted on 15 Nov 2023
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Staking options for a non tech savvy person, asking for a friend. (alien.top)
submitted 10 months ago by KingofFractions@alien.top to c/ethereum@blockchained.world
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I currently have a couple ETH on Coinbase. Would like to move them off and enter the world of staking as I have no desire to ever sell them. Any suggestions for my non tech savvy “ friend” ? I have read many posts here and haven’t had any luck finding a place where I meet the minimum ETH needed to stake there. Thanks for insights. I maybe better off just keeping it at CB and getting 3.26% APY but I feel like I’m getting taken advantage of AND possibly at risk since the coins reside there and not w me.

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[–] kdawg89@alien.top 1 points 10 months ago (5 children)

I would get a ledger hardware wallet and move your ETH to it and then through the ledger app it is dead simple to stake with lido.

[–] MinimalGravitas@alien.top 1 points 10 months ago (3 children)

Don't use Lido, and don't recommend Lido.

Here's one of the lead builders/researchers from the Ethereum foundation explaining why: https://youtu.be/Y0ddkSa1ZuI

TL;DW: They are a threat to decentralization, their operators already control almost 33% of the validators and their DAO is a farce.

[–] Lordofthewhales@alien.top 1 points 10 months ago (1 children)

I don't understand what's best to use then? Everyone always says don't use lido, the comment above says don't use rocketpool... Is there any safe way to stake??

[–] MinimalGravitas@alien.top 1 points 10 months ago

The one saying not to use Rocketpool is a scammer trying to get you to click on links to their fake platform!

For a fair comparison of the options take a look at the Ethereum.org evaluations of different staking pools:

https://ethereum.org/en/staking/pools/

[–] internetkr2017@alien.top 1 points 10 months ago

Currently I have 1 eth in lido What is proper way to move to rocket pool

[–] kdawg89@alien.top 1 points 10 months ago

Thanks for the info, I’ll research it further.

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