How Do I Stake Ethereum on eToro?

Written by Mike Druttman

Reviewed by Wikitoro Team

To stake Ethereum on eToro, first transfer your ETH from the eToro investment platform to your eToro Money account. Then, specify the amount of ETH you want to stake. This amount will be automatically sent to the staking address. Keep in mind that staked ETH will be locked until the launch of the Ethereum 2.0 blockchain, as per Ethereum's protocol.

Background

Staking Ethereum has become increasingly popular among ETH traders. As an eToro user with existing Ethereum positions, I delved into the staking process on the platform. Here's a detailed guide based on my experience.

Process of Staking ETH on eToro

Embarking on the journey of staking with eToro is a straightforward process. Here are the steps I followed to successfully stake ETH on the platform:

Access Your eToro Portfolio: Log in to the eToro platform and navigate to your portfolio.
Select Ethereum: Locate Ethereum in your portfolio to view all your active ETH trades.
Initiate Transfer: Choose the specific ETH trade you want to stake. Click on it, and in the ‘Edit Trade’ window, select ‘Transfer to Wallet.’ This begins the transfer of your ETH from the trading platform to your eToro Money account.
Confirm Transfer Details: Review the transfer details carefully. Confirm the transfer once you are certain everything is accurate.
Stake Your ETH: After the transfer, open your eToro Money app and sign in. Navigate to the ‘Crypto’ tab, select Ethereum and specify the amount of ETH you want to stake (minimum requirement is 1 ETH). This amount will be automatically sent to the staking address.

Congratulations, you have now successfully staked Ethereum on eToro. You can monitor the status of your staked ETH 2.0 and any accrued rewards directly in the eToro Money app. Remember, once the ETH 2.0 blockchain launches, you will gain access to both your original staked assets and the accumulated rewards.

Supported Countries for ETH 2.0 Staking

Before you embark on eToro Ethereum staking, it's crucial to verify if your country is eligible for this service. Notably, ETH staking is not available for residents of the United States. For users in the United Kingdom, the service is accessible only to those who registered with eToro on or before February 1, 2022.

Countries that support ETH 2.0 staking on eToro
Region	Countries
Europe & UK	Andorra, Austria, Azerbaijan, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Georgia, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle Of Man, Italy, Jersey Island, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine
Asia-Pacific	Australia, Kazakhstan, Malaysia, Philippines, South Korea, Taiwan, Thailand, Vietnam
Americas	Argentina, Belgium, Bolivia, Brazil, Cayman Islands, Chile, Colombia, Dominican Republic, Ecuador, Mexico, Peru, Uruguay
Middle East & Africa	Bahrain, Israel, Kenya, Kuwait, Oman, UAE, UK

Presently, around 60 countries are eligible for ETH staking on eToro. I regularly check this list and have noticed a gradual increase in the number of supported countries. This trend suggests a possibility of further expansions, potentially including more countries in the future. Keep an eye on updates from eToro for the latest information regarding eligible regions for ETH staking.

Explore staking!

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mik...