Coinbase Introduce Staking Rewards

Coinbase Introduce Staking Rewards

Coinbase has launched a new initiative that will now reward staking rewards on Tezos.

The new system is a further way by which Coinbase is attempting to help users earn purely for investing in crypto. This latest way will reward their US with staking rewards if they possess Tezos. The system is very simple by holding Tezo, and making the underlying blockchain on that asset more secure and efficient, you will be given assets from the network.

Of course, staking can be achieved in a manner of ways without Coinbase already, and some of you reading this may already be doing so. However, the system by Coinbase aims to streamline that process and limit the confusion, as well as the risk, that can often be attached if you are not experienced in the method.

With this considered, it will be a good way for those who are interesting in a straightforward, low-risk staking method to get involved, while simultaneously getting something out of the process direction from Coinbase.

What’s on offer

They have outlined that those who choose to participate in Tezo staking on their platform will now stand to gain a 5% annual return for choosing to stake Tezos. These rewards will begin racking up from your first day, which you can witness before your very eyes, by viewing them in the Coinbase app. Then, after the initial holding period of between 35-40 days is complete, then these rewards will come thick and fast and you should expect to see one every 3 days.

These returns have been projected based on reward Coinbase generated by their own staking experiment generated over the 90 days leading up to this announcement. The exact return rate will be determined by Tezos themselves, who pay out the rewards. With the exact amount reflective of those who are participating in staking at any one time. While Coinbase will take a cut as commission from this system as a middle man, the rest of the funds will be distributed to you.

Of course, while you may be put off by the fact that Coinbase will be taking this commission, there is a good reason for this. Which comes in the form of the fact that as mentioned, this is more trustworthy and secure than typical staking.

This is because the Tezos will always remain in your wallet, safe and sound at Coinbase as you earn. With the option to opt-out anytime you want, with no long-term commitment, excluding the initial holding period, that you are locked into. This is another benefit from choosing to stake via this new system from Coinbase.

Getting Started

If this process sounds like something you would be willing to get involved in then getting started is very straightforward also. There are a couple of options available to you. You can either simply buy Tezos directly from Coinbase, or alternatively, if you hold Tezos elsewhere, you deposit it directly from a third party wallet.

Once either of these processes is completed then you will be entered automatically in the program and your holding period will begin. If you don’t move these tokens, then your rewards will be paid out in full once that period is over.

However, this isn’t the only way to earn Tezos via Coinbase and their Earn Program is another way by which you could get on the Tezos investment ladder. This will see you undertake online courses about Tezos, allowing you to learn more about Tezos, which has had quite the colourful past. You then complete quizzes and then an amount of Tezos, ($6 worth) will be credited to your account.

To learn more about staking rewards, the Earn Program and more, head over to Coinbase!

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Changelly,CoolWallet,Crypto Wallets,Exchange Platforms

CoolBitX App Sees Updates On Exchange Feature

CoolWallet have updated the features on it’s the exchange part of its CooBitX app. There are a number of changes both in terms of design and functionality on the app from the crypto wallet, but perhaps the biggest update to the feature is the fact that you can now choose between the rates of two […]

28 May, 2020
cfd,CFD Trading Platform,Investment,Trading

Trade.com Highlight Airline Stock Potential

Trade.com have taken to Facebook to make users aware of the potential investment opportunities currently present in airline stocks. The reason they have highlighted these possibilities at this time comes from the news that after shutting its border during the corona pandemic Spain are preparing to open their borders again. The nation has outlined plans […]

28 May, 2020
CFD Trading Platform,Investment,Trading

Delivery Date Changes on 8 XTB Instruments

XTB have highlighted some delivery date changes on some of the instruments available on their platform. Posted at 11 am today, these will effect 8 instruments available for trading on their platform. It will see a change of delivery date for them and therefore, XTB have told traders that if they have open positions will […]

27 May, 2020
AvaTrade,China,Forex,USA

AvaTrade Offers Two Things to Know to Start Today’s Trading

If you are looking to get today’s trading off on the right foot, then AvaTrade has offered up two things you need to know to start your day. The first of these two things is the need to pay attention to the escalating situation between China and the US. On Monday, they had already discussed […]

27 May, 2020
CFD Trading Platform,Investment,Plus500,Trading

Understand Options CFDs at Plus500

Plus500 have released a new guide to understanding Options CFDs. The guide to one area of their wide range of services was drawn attention to this morning over their twitter page. In the post, they reminded users that Options CFDs can be traded on Shares, Indices, Commodities, & more, while also telling users that it […]

26 May, 2020
Binance,Cryptocurrency,Promotion

Binance to Host Matic Trading Comp

Exchange platform, Binance will be hosting a trading competition for the token of the Matic Network. Over the course of the competition, 50,000 USD worth of Matic will be available for those participating in this event. While it is one overall competition, in reality, there are three separate promotions that will make up the event […]

26 May, 2020
Investment,IQ Option

IQ Option Explain Why You Might Be Losing Money

Are you losing money? If so, then IQ Option’s latest blog may be able to explain why. Titled “Why Do I Keep Losing Money?” the posts explains some of the most common reasons why traders tend to lose money and then elaborate as to how they can change that situation. While of course, as they […]

25 May, 2020
Asia,AvaTrade,China,USA

Geopolitics Affect Asian Market

Asian markets have started the week off slowly due to investors becoming wary of the China-US relations, explain AvaTrade. Following the closing of lockdown in China and their markets beginning their recovery, there have been new reasons for Asian market investors to be concerned. Specifically, China’s action in Hong Kong, which, according to AvaTrade, is […]

25 May, 2020