Staking or not to stake, kraken? - page 2.

passwordnow

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Quote from: jimlaman8 on May 09, 2021, 09:26:28 PM

I think i read if you stake eth at least, you might not be able to unstake? That effectively means you can never sell what you stake correct?

Yup. That's why even if you treat it as a passive income, what if the price of Ethereum goes on high and you think that it's falling down and you cannot sell it while it's on the peak? that's the negative side of staking in Ethereum because most of them are locking in your ETH being on stake.
But for some altcoins, you're free to unstake it anytime you want.

TryNinja

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Quote from: jimlaman8 on May 09, 2021, 09:26:28 PM

is that per year?

Yes.

Quote from: jimlaman8 on May 09, 2021, 09:26:28 PM

I think i read if you stake eth at least, you might not be able to unstake? That effectively means you can never sell what you stake correct?

You can't unstake because that's just how the ETH2 staking works, but Kraken offers a trading pair so you can sell your staked ETH to someone else. But there is an obvious caveat: there is no guarantee of liquidity, so if no one wants your KrakenETH2, you won't be able to sell them.

Quote from: jimlaman8 on May 09, 2021, 09:26:28 PM

Are there any you can stake and pull out at any given moment, or is this generally the way it is, stuck.

Most coins can be unstaked at any moment, with exception of ETH2 and maybe some others I'm not aware of (I imagine there will be a warning talking about this, if it's the case). But like I said, you can try to trade your staked ETH for regular ETH if there is demand.

jimlaman8

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I noticed there is an option to stake on various crypto i already have, such as ADA, Eth etc, some with as high as 10% yields (is that per year)?

I think i read if you stake eth at least, you might not be able to unstake? That effectively means you can never sell what you stake correct?

Are there any you can stake and pull out at any given moment, or is this generally the way it is, stuck.
I also primarily use coinbase pro but im not sure there is staking there.

Thanks in advance

Topic: Staking or not to stake, kraken? - page 2. (Read 244 times)