Hello Ethereum reddit! I have small amount of funds that I would like to stake. My question is: what would be the best place to stake ETH taking gas fees and Coinbase’s current promotion into consideration.
Please understand:
(1)I have no plans to sell the holdings at any point, only add funds (2) Security and peace of mind are a priority of high yield
I have never sent ETH off exchange and I do not hold any ETH yet, so I am not familiar with how much gas fees actually are and don’t know how much to expect to pay in gas. To my understanding, and please forgive my lack of understanding, there is a base gwei amount required for each transfer. My two current considerations:
(1) stake ETH from cold storage (Rocketpool or LIDO), but to first consider whether the gas fees would outweigh the benefits of funding smaller amounts of USD on a recurring basis.
My other option is to utilize Coinbase’s promotion (up to $50 free when staking up to $500 ETH). With this method, I would not have funds on my own wallet, but I would avoid the gas fees and earn 3.75% APR. The inability to access my ETH once deposited is not a concern.
I am considering taking advantage of the $50 promo then weighing the cost-benefit of staking smaller amounts on a recurring basis thereafter.
I have so much to learn from this community and experience. Thank you in advance for your time and insight.
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