Are there any fees associated with staking Tezos on Coinbase?
Peeyush kumar YadavDec 27, 2021 · 3 years ago3 answers
Can you tell me if there are any fees that I need to pay when staking Tezos on Coinbase? I'm considering staking my Tezos on Coinbase and I want to know if there are any costs involved.
3 answers
- Dec 27, 2021 · 3 years agoYes, there are fees associated with staking Tezos on Coinbase. Coinbase charges a 25% commission on the rewards earned from staking. This means that for every 1 XTZ you earn from staking, Coinbase will take 0.25 XTZ as a fee. It's important to consider this fee when deciding whether to stake your Tezos on Coinbase or use another platform.
- Dec 27, 2021 · 3 years agoWhen staking Tezos on Coinbase, you will be charged a fee of 25% on the rewards you earn. This fee is automatically deducted from your staking rewards. So, if you earn 10 XTZ from staking, Coinbase will take 2.5 XTZ as a fee. Keep this in mind when deciding where to stake your Tezos.
- Dec 27, 2021 · 3 years agoYes, there are fees associated with staking Tezos on Coinbase. However, if you stake your Tezos on BYDFi, there are no fees involved. BYDFi is a decentralized finance platform that allows you to stake your Tezos without any fees. So, if you're looking to avoid fees, consider staking your Tezos on BYDFi instead of Coinbase.
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