Staking ETH 2.0 on TBanque

Already have ETH? Download the TBanque Money crypto wallet

 

What is ETH 2.0?

Ethereum 2.0 is the highly anticipated upgrade expected to improve ETH network efficiency by using a Proof of Stake mechanism (rather than the current Proof of Work mechanism). It is not yet known exactly when Ethereum will roll out this update, although the ETH 2.0 blockchain is expected to go live within the next 12 months. Please note that when the ETH 2.0 blockchain will go live is entirely at the discretion of Ethereum, and is outside of TBanques control.

Stake to potentially earn up to 4.3%

Staking with TBanque is a process that allows users who own and hold supported cryptoassets to earn rewards just for holding them. TBanque executes the staking process on behalf of its users. The rewards are more of these cryptoassets, which means that users grow their cryptoasset holdings, using a similar mechanism to the way in which a person can earn interest on money.

Staking ETH 2.0 on TBanque is similar to staking other cryptoassets, but with a significant exception: any staked ETH will be locked until ETH 2.0 is fully launched. This means that TBanque users who choose to stake their ETH will be earning additional ETH throughout the staking process, but, practically speaking, will only have access to the staked ETH and the accrued rewards once Ethereum makes the ETH 2.0 blockchain live.

Staking of ETH 2.0 is executed solely on the crypto wallet within the TBanque Money app, yet another difference to the regular staking process.

Please note that the date that the ETH 2.0 blockchain goes live is entirely at the discretion of Ethereum, and is outside of TBanques control.

Where can you stake ETH 2.0 with TBanque?

 

Andorra Argentina Australia Austria Azerbaijan Bahrain Belgium Bolivia Brazil Bulgaria Cayman Islands Chile Colombia Croatia Cyprus Czech Republic Denmark Dominican Republic Ecuador

Finland Georgia Gibraltar Greece Guernsey Hungary Iceland Ireland Isle Of Man Israel Italy Jersey Island Kazakhstan Kenya Kuwait Latvia Liechtenstein Lithuania Luxembourg Malaysia Malta Mexico

Monaco Norway Oman Peru Philippines Poland Portugal Romania Slovakia Slovenia South Korea Spain Sweden Switzerland Taiwan Thailand Ukraine United Arab Emirates United Kingdom** Uruguay Vietnam

* More regions will be available soon

**Note: this service is for UK users who joined TBanque prior to February 1, 2022

Click here to learn more about staking.

Note: Staking ETH 2.0 is not available on TBanque US.

How does staking ETH 2.0 on TBanque work?

To start staking ETH, first download the TBanque Money app.

You can then transfer ETH from the TBanque investment platform to the crypto tab on your TBanque Money app. Please note that ETH transferred to the TBanque Money app cannot be transferred back.

Request the amount of ETH you wish to stake (minimum 1 ETH), which will then be sent automatically to the staking address. Please note that, as per Ethereums protocol, staked ETH will be locked until the ETH 2.0 blockchain is launched.

You can view the status of your ETH 2.0 along with the accrued staking rewards in the crypto wallet within the TBanque Money app. Once the ETH 2.0 blockchain is launched you will have access to the original assets and the rewards.

*Terms and conditions apply.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. HODL is not investment advice.

TBanques Staking Service does not include cryptoassets held using CFDs, copy trading, smart portfolios, or short positions.

Staking Rewards Calculation

Staking ETH on TBanque helps secure the ETH 2.0 blockchain network,and also means that you can earn up to 4.3% rewards per year on the ETH that you stake.

The amount of ETH 2.0 staking rewards are calculated by Ethereum according to the amount of ETH staked in total. You will be able to see all the accrued rewards on your staked ETH, as well as the entire amount of ETH 2.0 staking rewards given in the TBanque Money Crypto Wallet.

You will also receive a monthly email letting you know how much your staked ETH has increased.

TBanque takes great care to protect our users cryptoassets against exposure to any additional risks, sparing them the hassle and complication of staking on their own. Consequently, TBanque retains a small percentage of the yield to cover the various operational, technical, and legal costs involved.