10-09-2021, 10:56 AM
Coibase charges a 25% fee on staking rewards.
<!-- SC_OFF --><div class="md"><p>Many people seem to be unaware of coinbase's fees hidden in their staking user agreement, so I just wanted to highlight this fact so everyone is aware.</p> <p>I'm linking the <a href="https://www.coinbase.com/legal/user_agreement/united_states#staking">ETH staking User agreement</a> here in so anyone who wants to give it a full read can do so. Staking on coinbase also comes with certain risks and the lacks guarantees that makes me unwilling to stake on their custodial platform. I recommend staking in a wallet you control the keys to, but that is a choice for each individual. Please give the terms a look if you use/stake using coinbase.</p> <p>As always, do your own research and I don't know shit about fuck.</p> <p>Edit: I believe the rates quoted by coinbase already have their fee factored in. I have attempted to contact support looking for clarity on this topic and have yet to receive a response.</p> <p>Edit2: it appears the staking fee varies by cryptocurrency. Some are higher than others.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CBScott7"> /u/CBScott7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q46qo8/coibase_charges_a_25_fee_on_staking_rewards/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q46qo8/coibase_charges_a_25_fee_on_staking_rewards/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Many people seem to be unaware of coinbase's fees hidden in their staking user agreement, so I just wanted to highlight this fact so everyone is aware.</p> <p>I'm linking the <a href="https://www.coinbase.com/legal/user_agreement/united_states#staking">ETH staking User agreement</a> here in so anyone who wants to give it a full read can do so. Staking on coinbase also comes with certain risks and the lacks guarantees that makes me unwilling to stake on their custodial platform. I recommend staking in a wallet you control the keys to, but that is a choice for each individual. Please give the terms a look if you use/stake using coinbase.</p> <p>As always, do your own research and I don't know shit about fuck.</p> <p>Edit: I believe the rates quoted by coinbase already have their fee factored in. I have attempted to contact support looking for clarity on this topic and have yet to receive a response.</p> <p>Edit2: it appears the staking fee varies by cryptocurrency. Some are higher than others.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CBScott7"> /u/CBScott7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q46qo8/coibase_charges_a_25_fee_on_staking_rewards/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q46qo8/coibase_charges_a_25_fee_on_staking_rewards/">[comments]</a></span>Kind Regards R