Increase your cryptocurrency earnings and take your investing to the next level with Ethereum Staking!
Watch your crypto holdings grow and receive up to 2.89% in rewards on Bitbuy. All your favourite coins are deposited in a stable, regulated environment, and your earnings are paid out every 12 hours.
Lock in your crypto asset for as long as you want and generate returns of up to 2.89%. Bitbuy maintains some of the best staking reward rates in Canada, so more of your money goes directly to you. Rewards will be deposited back to your account and paid out every 12 hours. With Bitbuy as your digital platform, your holdings are safe and secure with all assets kept at a 1:1 ratio and available for withdrawal at any time. Check out our handy calculator to see how much you can in ETH rewards.
With Ethereum, staking is fast and simple. Deposit funds via Interac eTransfer or bank wire, purchase Ethereum on the platform, and pick Ethereum as the staking crypto. With Bitbuy as your digital platform, your Ethereum holdings will never leave your account, and the funds will be paid out every 12 hours.
1. Ethereum utilizes a Proof-of-Stake (PoS) cryptocurrency consensus mechanism that confirms transactions and manufactures new blocks through randomly chosen validators.
2. Validators are picked based on how many coins they have locked up in the blockchain network.
3. Ethereum holders can stake their tokens to a minimum of one validator to the protocol's Mainnet Beta (a permissionless environment for Ethereum users, crypto holders, builders, and validators).
4. Anyone with Ethereum can stake their holdings, which are then used as collateral.
5. Once the coins are chosen to validate a transaction, stakers will receive an Ethereum staking reward.
Bitbuy is one of Canada's most reputable cryptocurrency platforms! Bitbuy is also the first Toronto Stock Exchange-listed company and one of the few Ontario Securities Commission-registered crypto trading platforms in the nation to be given regulatory approval to offer clients staking.
Bitbuy does not participate in fractional reserves, and we do not loan out your assets to earn rewards. Your assets are always maintained at a 1:1 ratio. Check out our latest Proof-of-Reserves audit here.
Bitbuy staking means you’ll never worry about large minimum staking amounts. You can get started with just 0.01 ETH. You can also unstake at any time. Since the Shanghai upgrade to the Ethereum network, users can unstake ETH.
Why pay more? Bitbuy has the lowest staking fees in Canada. By dealing with a Canadian platform, you’ll also avoid F/X fees.
Bitbuy staking transactions are fast and efficient. Use your bank account directly to fund your Bitbuy account or to withdraw.
We’ve got you! Whatever your issue, we’ve got the solution. Check out our support page filled with detailed Q&A, or reach out via our handy support link.
Ethereum is a decentralized global software platform powered by open-source blockchain technology with smart contract functionality. The objective behind Ethereum is to hold assets, make transactions, communicate, and construct apps and companies without a central authority. The native cryptocurrency token is Ether.
Individuals can stake a fraction of an Ether starting at a minimum of 0.0005 ETH, although every validator will need to have a minimum of 32 Ether staked.
The more you stake, the more you will earn from staking.
Ethereum can be purchased on a cryptocurrency exchange site like Bitbuy and added to your investment portfolio.
Since Bitcoin launched more than a decade ago, the industry has led to the birth of many cryptocurrency exchanges and online trading accounts that facilitate crypto trading. Of course, one of the best crypto venues in Canada today is Bitbuy, a Canadian-owned and operated digital currency platform. It has been designed for both new crypto traders and veteran investors.
Bitbuy offers every breed of trader the same thing: low fees, the best security, crypto exposure, and the opportunity to make money!
Stakers will earn up to 2.89 percent in rewards for staking their Ethereum. Earnings and overall staking rewards will all depend on the total amount invested and the number of validators on the network. The annual interest rate will rise as the number of staked Ethereum falls. This currently fluctuates between 2.29 to 2.89 percent.
In September, Ethereum shifted from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) infrastructure. Following its merger with a separate blockchain, Ethereum now depends on validators rather than miners to add new transactions and blocks to the ecosystem.
Rewards are paid out every 12 hours on the Bitbuy platform.
You can earn up to 2.89 percent on the amount you staked.
Like every other investment vehicle, staking your Ethereum is not guaranteed. For example, dramatic changes in the crypto's price could outpace the yield and cause you to suffer a loss on your initial investment.
As is the rule in every trading instrument, you should only stake what you can afford to lose.
There is no limit to how long you can stake your Ethereum for.
Here are the top five cryptos to stake today on Bitbuy:
· Ethereum (ETH): A PoS cryptocurrency that supports the underlying technology in the industry.
· Solana (SOL): A PoS blockchain platform that hosts decentralized, user-friendly, and scalable applications.
· Polygon (MATIC): A PoS consensus mechanism that processes on-chain transactions that enjoys security from Ethereum.
· Cardano (ADA): A PoS blockchain platform that supports peer-to-peer transactions and serves as an alternative protocol to PoW networks.
· Polkadot (DOT): A PoS blockchain and cryptocurrency that connects blockchains, facilitating the flow of data and value across multiple networks.
· Cosmos (ATOM) : A PoS cryptocurrency that supports an environment of blockchains that can scale and interoperate with others. The goal is to manufacture an "Internet of Blockchains."
Staking your Ethereum on Bitbuy is safe and secure. Your staked crypto assets are safely stored in institutional-grade cold storage powered by BitGo, a market leader in digital asset custody solutions.
Your Ethereum stake will be locked in a deposit smart contract which remains in the control of BitGo, on Bitbuy’s behalf.
Increase your cryptocurrency earnings and take your investing to the next level with Ethereum Staking!
Watch your crypto holdings grow and receive up to 2.89% in rewards on Bitbuy. All your favourite coins are deposited in a stable, regulated environment, and your earnings are paid out every 12 hours.
Start earning rewards up to 10% in a regulated environment. Earn passive income by allowing the network to use your holdings to forge new blocks on the blockchain. It’s a win-win. You earn rewards, and the coins you invest in benefit from increased stability.
Get started
.svg)
