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How to Stake Ethereum (ETH) Using Trust Wallet
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In Brief
Explore how to participate in ETH pooled staking and earn crypto rewards using Trust Wallet. This step-by-step guide will walk you through the simple process.
Are you interested in earning ETH crypto rewards? If so, then we’ll show you how to earn ETH rewards through a process called pooled staking. This guide will take you through the process of staking Ethereum using Trust Wallet, a highly secure and self-custodial crypto wallet and Web3 gateway trusted by 80M+ people.
Before you get started, be sure to get the most up to date version of Trust Wallet.
Disclaimer: ETH pooled staking functionality is provided by Kiln, not Trust Wallet. The Trust Wallet platform shown, including any prices, quotes, reward rates, or fees, is for illustrative purposes. Content is for informational purposes and not investment advice. Staking crypto assets comes with risk. Please do your own research with respect to staking or holding cryptocurrencies. View our terms of service.
What is pooled staking?
Pooled staking is a collaborative form of staking in proof-of-stake (PoS) blockchain networks, designed to include participants who may not meet the minimum staking requirements individually. By combining their assets in a staking pool, these participants can engage in transaction validation and block production, roles typically reserved for larger stakeholders. This approach democratizes access to staking rewards, enabling smaller investors to earn a share proportional to their contribution. The rewards are usually additional cryptocurrency tokens, distributed based on each participant's stake in the pool, the pool's total size, and the duration of staking. Pooled staking not only broadens participation but also bolsters network stability and security by diversifying the stakeholder base, embodying the decentralized spirit of blockchain technology.
Staking ETH Using Trust Wallet: Step by Step
Select the “Earn” button from the wallet home screen page.
Select “ETH”.
Select “Stake”.
Choose the amount you want to stake.
Follow the remaining instructions to confirm your stake.
Important Information on Staking ETH Using Trust Wallet
Minimum amount for staking: 0.025 ETH
Lockup period for staking: 4 days
Reward Rate (APR): Can fluctuate. For estimates, please see the Trust Wallet staking calculator.
Trust Wallet does not control the minimum amount, lockup period, or staking yield.
Frequently asked questions
How much can I earn by staking ETH?
The earnings from staking ETH vary as they depend on the network's conditions, and Trust Wallet does not set or influence these rates. You can always view the current staking rate within the Trust Wallet app.
Please note that for staking, validators and delegators contribute to the network's security and may charge a service commission. Trust Wallet has no control over these charges and does not receive any part of the commission.
What's the minimum ETH amount I can stake?
The minimum amount for participating in ETH pooled staking is 0.025 ETH.
How long are ETH funds locked when staked?
Your staked ETH becomes available after the end of the current epoch, which is typically up to 4 days.
Am I able to utilize my ETH during the staking period?
While your ETH tokens are staked, they are not usable. To use your ETH, you first need to go through the unstaking process.
What steps should I follow to unstake ETH in Trust Wallet?
For unstaking ETH in Trust Wallet:
Navigate to ‘Earn’ on the main wallet page and select ETH.
Choose the Unstake option and proceed as per the given instructions.
Remember, the staked funds become available post the current epoch, usually lasting around 4 days.
How can I claim my accumulated staking rewards?
Your staking rewards are accrued daily and added to your staking balance. To claim these rewards, initiate the unstaking process. This will not only release your initial stake but also the accrued rewards.
Which wallet is recommended for staking ETH?
If you're looking for an optimal place to stake ETH, Trust Wallet is a strong contender. It not only enables you to stake your ETH and earn rewards directly through the protocol, but it also allows you to claim and securely store your earned cryptocurrency right within the wallet.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.