How to STAKE in COINBASE Wallet Earn money with Cryptocurrency Staking
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Feb 9, 2024
How to STAKE in COINBASE Wallet Earn money with Cryptocurrency Staking
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Hey everybody, welcome to this new video, so in this tutorial let's take a look at
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how we can stake into Coinbase, actually we are going to get an APY into Coinbase
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So what does APY stands for? So the application of Coinbase says that this one stands for Annual Percentage Yield, that
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can be thought as an amount of interest you'll earn on your funds over the course of the year
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Do I know how much interest I'll earn? The amount of interest earned will vary based on the assets, change over time
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So if I go into my assets, I'm going to go back into Coinbase.com, I'm going to go into
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the yields section and there are only a few tokens that are available, eligible to have
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the lifetime earnings. So as you can see I have Ethereum 2, DIA, Thesaurus, Cosmos and Cardano and a few of Solana
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So this one is going to be generating me a few APY here
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So as you can see here it says cover new assets, we can select another token so you can receive that
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So as you can see here it says Solana. So if you want to stake inside Coinbase you need to buy, purchase a bunch of these tokens
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just to have some yield rating here. So for example here the earning and the yield rate from Cosmos is 5%
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So I have just received a few of these. This is my pending rewards in here and I can manage the interest of the stake in here
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So if you don't want to stake your token you can select this option that says none
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So you can earn no yield on your atom, but if you want you can enable that
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And automatically if you purchase one of these tokens here, automatically it's going
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to be staked already into your account. So if I select the option that says buy and sell, you can go into learn about yield and
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if you scroll down it says discover new assets. So you're going to see all the tokens that you can make a stake here
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The only token that I have not have into my account and I can stake is the FIFA and I
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can either get 2% of the APY. So you select the token here and you're going to see all the information about the FIFA and
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here it says why to buy FIFA. So if you want to you can make the purchase into your Coinbase wallet or you can go into
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your application from Coinbase into your phone and you can make the purchase real quick and
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you automatically going to earn the 2.28% of the APY. So if you see this option that says DeFi yield, you can select this option, try DeFi
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Ready to earn DeFi, you go into enable DeFi yield. But that works only depending on the country that you're living in
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I'm pretty sure this does not work into my country, but you guys, you can go ahead and select the enable DeFi yield
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But in this case, I just have the amount that I'm going to be earning here, the average
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of what I'm going to be earning and the lifetime earning that I've gained so far
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Just in case you have any question about this guys, you can leave it down below in the comment section
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Don't forget to like and subscribe to this channel if you want to see more about Coinbase
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and yield rates. Thank you for watching the video and I'll see you next time