How to Stake Ethereum (ETH) & Earn ETH in Four Easy Steps
2024-11-21
Learn How to Stake Ethereum (ETH)
Want to learn how to stake ETH easily and get bigger APY? Bitrue provides a safe and fast solution for you to stake ETH instantly, anywhere, and anytime. Here are four easy steps for staking ETH:
Create a Bitrue Account
Download the Bitrue app, register on Bitrue with your email address, and set a strong password to secure your account.
Verify Your Account
Verify your identity by entering personal information and then uploading your ID photo & selfie
Deposit USDT
Top up or deposit USDT via wallet after verifying your Bitrue account.
Buy Ethereum (ETH)
Open the trade menu and buy Ethereum on the ETH/USDT market
Check Today's Crypto Market:
How to Buy ETH on Bitrue
Buy Ethereum Via Over-the-Counter (OTC)
To Buy Ethereum Via Over-the-Counter, follow these steps:
- Click on "Quick Buy" on the Bitrue official website or app. Choose "Credit Card" or "Bank Transfer" as the payment method.
- Note: Purchasing Ethereum (ETH) using "Credit Card" or "Bank Transfer" on Bitrue requires user identity verification. Please provide identity verification documents as per our platform's instructions.
- Select Ethereum (ETH) from the list of cryptocurrencies.
- Enter the quantity of ETH you wish to purchase.
- Connect your credit card or bank account.
- Confirm and complete the payment process.
- Transaction completed.
Buy Ethereum through Spot Markets
Note: Currently, the most popular Ethereum spot trading pairs include ETH/USDT and ETH/USDC. Before purchasing Ethereum (ETH) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
To Buy Ethereum through Spot Markets, follow these steps:
- Click on "Trade" -> "Spot" on the Bitrue official website or app.
- Select Ethereum (ETH) from the list of cryptocurrencies.
- Enter the quantity of ETH you want to purchase, either at the market price or set a target price for buying Ethereum.
- Confirm the purchase order.
- Transaction completed
How To Staking ETH
Staking on Bitrue is very easy, follow these steps:
1. Select "Power Piggy" menu on the Earn tab or select ETH on the staking list
2. Then the Staking page for the crypto asset appears, select ETH
3. Enter the nominal/amount of crypto assets you want to stake, you can choose the max for all the crypto assets you wish to stake. In this section, the estimated total interest you will get when staking will appear, and the timeline for staking your assets.
4. If appropriate, read the Bitrue staking agreement and click the tick to confirm to start staking.
5. Your staking has been successful, please check the wallet menu >> select staking to see your staking assets.
You can also do an early redemption if you want to withdraw your assets from staking early.
- The way to do this is to enter the Wallet menu, then select the crypto asset you want to redeem
- Click on the "choose early redeem" section, then click redeem if you want to redeem early. The redemption process has been completed. Your crypto asset funds will be processed according to the arrival time
How to Store Ethereum (ETH)
The best way to store Ethereum (ETH) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Ethereum (ETH).
Store Ethereums in your Bitrue Account
Storing your crypto in a Bitrue account provides instant access to trading products, such as spot trading, staking, and more. Bitrue serves as a custodian of your crypto assets to help you avoid the hassle of securing your own private keys. Make sure to set up a strong password and increase your security settings to prevent bad actors from accessing your funds.
Store your Ethereums in a Non-exchange Wallet
You can withdraw your Ethereum (ETH) to a non-exchange wallet. Storing Ethereum (ETH) in a non-exchange or self-storage wallet gives you complete control over your wallet's private keys . You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you want to trade Ethereum (ETH) frequently or use your assets. Make sure to store your private key in a safe location, as losing it could result in the permanent loss of your Ethereum (ETH).
What Can You Do with Ethereum (ETH)?
1. Hold
Store or hold your Ethereum (ETH) assets in your Bitrue account.
2. Trading
Trade your Ethereum (ETH) on the ETH/BTC & ETH/USDT spot markets
3. Staking
Earn passive income by Staking ETH on Bitrue
Why Traders Prefer Bitrue As An Ethereum (ETH) Trading Platform?
Easy Crypto Asset Purchase
Users can safely buy & sell hundreds of crypto assets directly using Indonesian Rupiah (USDT). These include Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), TRON (TRX), Cardano (ADA), Polkadot (DOT), Polygon (MATIC), and Binance (BNB) and many more.
User-Friendly Application
Bitrue is very friendly for beginners in carrying out crypto asset transactions with an easy-to-use interface, many USDT deposit and withdrawal options, as well as various reward activities such as weekly cashback promotions, trading competitions, and airdrops.
Bitrue offers a variety of benefits, including security, reliability, ease of use, and profitable features that simplify the buying and selling of crypto assets.
Highest Rating
Bitrue received the highest rating from a large number of users, with an accumulated rating of 4.8 on Google Play, making Bitrue the best crypto asset exchange in Indonesia. Bitrue is committed to being the safest and easiest-to-use crypto asset trading platform, and continues to expand to add the best features.
Security and Reliability:
Bitrue has been registered with BAPPEBTI and Kominfo, continuing to carry out transparent asset & transaction reporting to the Ministry of Trade every day. Bitrue also uses the latest MPC encryption technology to provide double protection for user assets. In addition, Bitrue has obtained several international ISO certifications (ISO 27001:2013, 27017:2015), guaranteeing security and reliability.
Provides competitive Staking rewards
Bitrue offers high APY rewards through the Staking Feature, which allows users to easily earn huge passive income through staking various crypto assets based on the POS blockchain consensus mechanism. For example: USDT & ETH APY 10% each.
Read more about Ethereum (ETH):
ETH to USD: Convert Ethereum to US Dollar
Ethereum (ETH), Market Cap, Price Today & Chart History
Learn More With Bitrue:
1. A collection of educational articles about blockchain, web3 and crypto is HERE
2. Find out what to ask about Bitrue HERE
Take the first step on your crypto journey with Bitrue and download the Bitrue application here:
- iOS Users : Download here
- Android users: Download here
Find Bitrue here:
- Twitter: @BitrueOfficial
- Telegram: @BitrueOfficial
Disclaimer: The content of this article does not constitute financial or investment advice.
