5 Reasons to Stake Ethereum on Trezor | Posted by SatoshiLabs | May 2024
Trezor has partnered with Everstake, a reputable and trustworthy staking provider, to offer ETH staking services. As a top staking provider with over 6 years of track record, Everstake is trusted by over 735,000 investors. Currently, they hold over $1.5 billion of ETH. The Everstake platform has undergone two independent audits by ChainSecurity and Ackee Blockchain Security, leading smart contract security companies.
Trezor Suite makes staking ETH simple and hassle-free. Whether you’re new to staking or not, Trezor Suite’s user-friendly interface guides you through each step. You can start staking and earning rewards with just a few clicks.
Here’s a guide that will walk you through the process in under 3 minutes.
Thanks to the pooled staking option offered by Everstake, you don’t need the full 32 ETH required to become a validator to participate in Ethereum staking. This opens up opportunities for more users to earn staking rewards. You can start staking with as little as 0.1 ETH and receive staking rewards.
Note: Users cannot stake 100% of their ETH funds as there must be sufficient funds remaining in the account to cover the associated gas costs.
When you stake ETH through Trezor Suite, your staking rewards are automatically added up. This means that rewards earned through staking are automatically reinvested into the main stake. This allows your stake to gradually increase, giving you higher rewards each time.
Staking ETH on Trezor has a simple fee structure. A flat fee of 10% is applied to total fees on staking rewards, with no hidden or additional fees. This fee is automatically deducted from the rewards generated during the staking process.
Are you ready to start staking? Click here for more information.
