Currently storing ETH on coinbase because of how easy it is to stake, but I was wondering if there are any safer options out there to self custody and stake ETH
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Lookup staking eth om exodus
Coinbase for the win, it’s not even close.
Stop storing coins on exchanges. Jesus Murphy.
Good thread, thx, trying to learn.
Buy rETH and store it in a Trezor that you keep in a drawer. But Coinbase is probably the safest online option you’re gonna have.
Why is a stake derivative like rETH the safest option. Particularly, why is it safer than holding regular ETH?
It isn’t.
So random seeing a Slime Boss avatar in the ETH sub lol
Sometimes the safest option tends to surprise. Hope we don’t see more of this scenario.
rocketpool
Use a yubikey…
Exodus
Loopring smart wallet lets you stake ETH directly on layer 2 with either Lido or Rocket Pool.
The alternatives are a hot wallet or hardware wallet. You should familiarize yourself deeply with how wallets work and your responsibilities in keeping your funds safe before migrating from a centralized custodian to a non-custodial wallet. I keep my most of my ETH in a hardware wallet with some in stETH, some in rETH, some in regular ETH
After getting screwed by staking on Gemini, I’ll never stake again on any platform.
rETH in Gnosis Vault with multi sig auth.
You can use Railway wallet. Not only is it Ethereum and other EVM compatible, it also lets you make private swaps. If you’re big on privacy as an additional layer of security to self custody, then you’ll like this.
Just wondering why you’re looking for alternatives.
I’ve had nothing but good experiences with Coinbase - and it’s safe.
I prefer self custody - metamask or any other wallet really.
For staking, it’s pretty easy and safe today with established platforms like Lido, RocketPool, etc.
Oracles like DIA have been working on the Liquid Staking space, bringing tools like fair pricing and on chain audits (collateralization) bringuing peace of mind to its users.
I personally have my ETH on a Ledger wallet and use it through Metamask, mostly on Lido.