The Power of Unstaking ETH with Bitstamp Earn
Exciting news for Ethereum holders and stakers! The Ethereum network now allows for unstaking.
We’re thrilled to embrace this Ethereum network upgrade by introducing the capability to unstake ETH in Bitstamp Earn Staking whenever you desire, providing you with unparalleled flexibility and freedom.
Note that all requests for unstaking are subject to a waiting period, which is determined by the Ethereum protocol. Once the period ends, your Ethereum will be transferred to your main ETH account and become available for withdrawal.
Let's delve into the benefits of staking with Bitstamp and explore the exciting possibilities unlocked by unstaking.
Stake and earn crypto rewards
By staking your ETH, you contribute to the security and stability of the Ethereum network while earning rewards in return. Bitstamp Earn is a service that connects you, the validators, and the Ethereum protocol. The rewards are determined and distributed by the Ethereum protocol and propotional to how much is staked, and can change over time. The protocol determines the amount and frequency of rewards. Bitstamp has no control over the protocols and acts only as a service provider connecting you, the validators, and the protocol. Bitstamp receives the crypto rewards from the underlying protocol and passes along any rewards earned from staking to you, minus a fee of 15%.
Bitstamp Earn Staking is a simple and efficient way to make the most of your ETH assets.
More on unstaking ETH
Ethereum network now allows for unstaking.* With the implementation of unstaking, you can now unlock your previously staked ETH. The lock-in period that restricted access to your staked ETH, prior to the introduction of the Shanghai upgrade on the Ethereum network, is gone. That means that you can opt out of staking whenever you wish and withdraw your staked ETH once the waiting period is over.
Requests to unstake ETH will be processed directly by the Ethereum protocol and placed into a queue based on a first-come, first-served basis. The time taken to process your unstaking request may vary depending on the number of staking participants and demand for unstaking at any given time. Once you initiate the unstaking process, we take care of the rest. Your staked ETH, along with your accrued rewards, will be moved to your main ETH account.
It's hassle-free and convenient!
How to start staking via Bitstamp Earn
It’s easy. Just follow these steps:
- Sign up or log in to your Bitstamp account.
- Navigate to Bitstamp Earn.
- Stake your Ethereum and start earning rewards.
- When and if you're ready to unstake, initiate the process and sit back while we transfer your staked ETH and rewards to your main account. The time it takes to unstake depends on the Ethereum network. Enjoy the freedom to utilize your unstaked ETH as you see fit!
At Bitstamp, we are committed to providing our users with innovative solutions and opportunities to make the most of their digital assets. Staking Ethereum with Bitstamp Earn offers stability, security, and flexibility.
*Note that all requests for unstaking are subject to a waiting period, which is determined by the Ethereum protocol. Once the period ends, your Ethereum will be transferred to your main ETH account and become available for withdrawal.
Unstaking is currently available only on Bitstamp web and soon to be available on Bitstamp apps.
Bitstamp Earn Staking is not available in Canada, Japan, Singapore, and the UK.
Algorand staking is not available in the US, Canada, Japan, Singapore and the UK.