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.
Honest answer?
Don’t stake it. I’m not sure why you’ve purchased an asset you never plan on selling, but either way, staking a couple eth is not going to earn you very much money in passive income, assuming that’s your goal, because you never plan on selling. At the current return of 4.69 you’re only earning less than 0.1 eth *per year*. Yay you earned $200 at current value, money that could have easily been made on a couple of trades.
You are not better off on a centralized exchange. If it were me, I’d put it in a hardware wallet and forget about it for a few years. I’d only stake ETH if I had enough to run a node. I wouldnt use lido, I wouldn’t use coinbase or any other centralized entity.