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Coinbase changed TOS for staking

All Cryptocurrencies

by COINS NEWS 111 Views

Yes I know, keep your funds in a wallet, I agree. For those that don't or stake some of there holdings while they are on CB for a short time.

Below is a full and short list of the coins that can be staked on Coinbase and the details of how is works there.

I pulled from Coinbase and edited this key to help anyone with questions about coin bases new staking rules that begin on March 29 2023

CC = Cryptocurrency

MBN = Minimum Balance Needed

RPR= Rewards Payout Rate

PRP = Protocol Unstaking Period

ACUPT = Additional Coinbase Unstaking Processing Time

ERWU = Earns Rewards While Unstaking?

CC Cosmos (ATOM)

MBN 0.0001 ATOM

RPR Every 7 days

PUP 21 days

ACUPT Up to 48 hours

ERWU Yes

CC Ethereum (ETH)

MBN No minimum balance

RPR Every 3 days

PUP Minimum 27 hours, longer in periods of high demand

ACUPT Up to 48 hours

ERWU Yes

CC Tezos (XTZ)

MBN 0.0001 XTZ

RPR Every 3 days

PUP 0 days

ACUPT Up to 48 hours

ERWU Yes

CC Cardano (ADA)

MBN $1 worth of ADA

RPR Every 5 days

PUP 0 days

ACUPT Up to 48 hours

ERWU Yes

CC Solana (SOL)

MBN $1 worth of SOL

RPR Every 3 days

PUP 3 days

ACUPT Up to 48 hours

ERWU Yes

"You earn rewards from the protocol, not Coinbase. Coinbase acts only as a service provider connecting you, the validators, and the protocol. We pass along any rewards earned from staking, minus a transparent Coinbase fee. In rare cases, your staked assets may be lost due to network penalties or other errors.

Any staked assets must be unstaked before you can sell or send them. This can take a few hours or a few weeks, depending on the rules of the protocol.

Any of your assets that are currently staked will continue earning rewards. If you want to opt out of these changes, unstake your assets before March 22, 2023."

submitted by /u/Sporesword
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