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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

To use staking on eToro, simply hold Cardano (ADA) or Tron (TRX) in your eToro investment account, or transfer Ethereum (ETH) to your eToro Money crypto wallet for ETH2 staking. The staking rewards are automated and require no action from the user, with monthly payouts based on your average daily holdings. Note that staked ETH2 is locked until the launch of the Ethereum 2.0 blockchain network.

Explore Staking!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Using my active and verified account, I've delved into the world of crypto staking, a fascinating aspect of digital asset investment. My journey on eToro has allowed me to explore this feature in-depth, and I'm eager to share my personal experiences and insights.

Staking on this broker has opened up new avenues for earning potential in the crypto market, and in this guide, I'll walk you through what I've learned, the nuances of staking on this platform, and how it can be a valuable part of your investment strategy.

 

Getting Started

To get started with staking on eToro, first, hold the cryptocurrencies Cardano (ADA) or Tron (TRX) in your eToro account, or for Ethereum 2.0 (ETH2), transfer ETH to your eToro Money crypto wallet. The staking process is automatic, and rewards are distributed monthly based on your holdings. Remember that staked ETH2 will be locked until the Ethereum 2.0 network is launched.

 

Understanding Staking on eToro

To effectively use staking on eToro, it's essential to understand the distinct processes for different cryptocurrencies. For Cardano (ADA) and Tron (TRX), staking is straightforward: you just need to hold these cryptocurrencies in your eToro investment account. eToro automates the staking process for these assets, meaning there's no additional action required from you. Rewards are generated automatically, and eToro manages all the necessary procedures.

Ethereum 2.0 (ETH2) staking, however, operates differently. It requires the use of the eToro Money crypto wallet. To stake ETH2, transfer Ethereum to this wallet. Unlike ADA and TRX, staked ETH, including earned rewards, will be locked up until the launch of the Ethereum 2.0 network. This lock-up period can be extensive, potentially lasting several months to a couple of years.

Regarding rewards and fees, eToro crypto staking payouts are done monthly, based on the average size of your holdings each day. The rewards are compounded monthly, enhancing the potential returns over time. The staking yield varies by cryptocurrency, with ADA and TRX typically offering around a 5% return, while ETH2 might yield between 5% and 6.25%. Keep in mind, that eToro does charge fees on staking rewards, which are determined by your membership level in the eToro Club. Higher-tier members retain a larger portion of the staking rewards.

 

How to use Staking on eToro

To use staking on eToro, you need to hold eligible cryptocurrencies like Cardano (ADA), Tron (TRX), or Ethereum 2.0 (ETH2) in your eToro account:

  • For ADA and TRX, simply holding them in your investment account initiates the staking process.
  • For ETH2, you must transfer eToro Ethereum to the crypto wallet.

The staking rewards are calculated and paid out monthly, and the process is automated without requiring user intervention. However, do note that staked ETH2 will be locked until the Ethereum 2.0 network launches.

 

Parting Words

Based on my firsthand experience in cryptocurrency staking on this platform, I can confidently say that this feature is both accessible and doesn't take a lot of effort. My journey with staking, particularly with cryptocurrencies like Cardano (ADA), Tron (TRX), and Ethereum 2.0 (ETH2), has been straightforward.

For ADA and TRX, the process is as simple as maintaining these assets in my investment account. ETH2 staking, on the other hand, requires the use of the eToro Money crypto wallet. One of the highlights for me has been the automated monthly distribution of staking rewards, calculated based on my average daily holdings. It's crucial to remember, especially for ETH2, that your staked assets are locked in until the full launch of the Ethereum 2.0 network, representing a more long-term investment strategy.

Overall, my experience with staking on eToro has been a positive addition to my investment portfolio, offering a blend of ease and potential for additional earnings.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 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.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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76% of retail investor accounts lose money