5 reasons to stake your Ethereum with Trezor - blog.trezor.io
This post will guide you through the top five reasons why staking your ETH with Trezor is a smart and secure way to enhance your investments. 1. Stake securely …
If you haven't heard yet, you can now stake your Ethereum (ETH) directly from the Trezor Suite. It's simple and takes just a few minutes to get started. Staking allows you to effortlessly grow your ETH stack.
This post will guide you through the top five reasons why staking your ETH with Trezor is a smart and secure way to enhance your investments.
1. Stake securely using your Trezor hardware wallet
Ethereum staking is now available on all Trezor devices (Trezor Model One, Trezor Model T, and Trezor Safe 3). Staking through Trezor combines the security of a trusted hardware wallet with the ease of use provided by Trezor Suite. This integration means you can stake your ETH without needing deep technical knowledge or compromising on security.
What's more, Trezor has partnered with Everstake, a reputable and trusted staking provider, to offer ETH staking services. Everstake, a top-tier staking provider with over 6 years of track record, and is trusted by over 735,000 investors. Currently, they have over $1.5 billion ETH staked with them. The Everstake platform has undergone two independent audits by ChainSecurity and Ackee Blockchain Security, leading firms in smart contract security.
2. Simple and hassle-free way to passive income
Trezor Suite makes staking ETH straightforward and hassle-free. Whether you’re new to staking or not, the user-friendly interface of Trezor Suite guides you through each step. With just a few clicks, you can begin staking and earning rewards.
Here's a guide that takes you through the process in less than 3-minutes,
3. Start staking from as little as 0.1 ETH
Thanks to the pooled staking option provided by Everstake, you don’t need the full 32 ETH required to become a validator to participate in Ethereum staking. This opens up the opportunity for many more users to earn staking rewards. With as little as 0.1 ETH, you can start staking and begin earning staking rewards.
Please note: Users cannot stake 100% of their ETH funds, as there must be sufficient funds left in the account to cover the associated gas fees.
4. Enjoy auto-compounding of returns
When staking ETH through Trezor Suite, your staking rewards are auto-compounded. This means that the rewards you earn from staking are automatically reinvested into your main stake. This ensures that the stake gradually increases, thus producing higher rewards each time.
5. Low and transparent fees
When you stake ETH with Trezor, the fee structure is straightforward. A flat rate of 10% is applied to the staking rewards as the total fee, with no hidden or additional charges. This fee is automatically deducted from the rewards generated during the staking process.
Ready to start staking? Click here to know more.
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