To stake Ethereum on eToro, first transfer your ETH from the eToro investment platform to your eToro Money account. Then, specify the amount of ETH you want to stake. This amount will be automatically sent to the staking address. Keep in mind that staked ETH will be locked until the launch of the Ethereum 2.0 blockchain, as per Ethereum's protocol.
Staking Ethereum has become increasingly popular among ETH traders. As an eToro user with existing Ethereum positions, I delved into the staking process on the platform. Here's a detailed guide based on my experience.
Embarking on the journey of staking with eToro is a straightforward process. Here are the steps I followed to successfully stake ETH on the platform:
Congratulations, you have now successfully staked Ethereum on eToro. You can monitor the status of your staked ETH 2.0 and any accrued rewards directly in the eToro Money app. Remember, once the ETH 2.0 blockchain launches, you will gain access to both your original staked assets and the accumulated rewards.
Before you embark on eToro Ethereum staking, it's crucial to verify if your country is eligible for this service. Notably, ETH staking is not available for residents of the United States. For users in the United Kingdom, the service is accessible only to those who registered with eToro on or before February 1, 2022.
| Region | Countries |
| Europe & UK | Andorra, Austria, Azerbaijan, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Georgia, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle Of Man, Italy, Jersey Island, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine |
| Asia-Pacific | Australia, Kazakhstan, Malaysia, Philippines, South Korea, Taiwan, Thailand, Vietnam |
| Americas | Argentina, Belgium, Bolivia, Brazil, Cayman Islands, Chile, Colombia, Dominican Republic, Ecuador, Mexico, Peru, Uruguay |
| Middle East & Africa | Bahrain, Israel, Kenya, Kuwait, Oman, UAE, UK |
Presently, around 60 countries are eligible for ETH staking on eToro. I regularly check this list and have noticed a gradual increase in the number of supported countries. This trend suggests a possibility of further expansions, potentially including more countries in the future. Keep an eye on updates from eToro for the latest information regarding eligible regions for ETH staking.
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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
