How to Stake ETH via OneKey Wallet

Thanks to Everstake’s partnership with OneKey, its users can stake as little as 0.1 ETH straight in their wallets and thus take part in supporting the blockchain’s operation while earning rewards in return. 

This guide shows how to stake Ethereum (ETH) using the OneKey wallet, one of the world’s top-notch crypto wallets.

OneKey Wallet in a Nutshell

OneKey Wallet has a strong focus on security and usability, offering both hardware and software options. Users can choose between using the standalone OneKey app or combining it with a hardware wallet for higher security. 

OneKey supports multiple blockchains and can easily integrate with DeFi apps. It is compatible with major operating systems like iOS, Android, Windows, macOS, and Linux and is also available as browser extensions for Chrome, Brave, and Edge. One Key’s interface is very user-friendly and can be easily operated by a novice.

A selection of hardware wallets produced by OneKey offer higher grades of security and user experience and are suitable for handling larger amounts of cryptocurrency. 

Why Stake ETH

Staking ETH is your contribution to Ethereum’s continuing growth, security, and stability, for which you earn rewards in return. Those rewards are a portion of the transaction fees collected on the network that are strictly proportional to your original contribution. ETH staking is an essential part of the network’s healthy functioning.

How to Stake and Withdraw ETH using OneKey Wallet

Staking ETH with OneKey Wallet is fairly easy and involves several simple steps.

Step 1: Start the Process

Go to the Earn tab.

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Step 2: Select “ETH”

From the list of available cryptocurrencies, choose ETH (Ethereum). 

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Step 3: Choose Everstake as Your Validator

In the options for staking providers, select Everstake.

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Step 4: Click on “Stake”

Click on Stake. This will open a form where you can enter details about your stake.

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Step 5: Enter the Amount to Stake and Tap “Continue”

Specify the amount of Ethereum you wish to stake. Make sure that you have sufficient funds on your balance. Once you’ve entered the amount, tap the Continue button to proceed.

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Step 6: Review the Terms and Conditions, Then Click “Stake”

Carefully read the terms and conditions. Once comfortable with the terms, click the Stake button to confirm.

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Step 7: Confirm the Transaction

You’ll be prompted to confirm the transaction. Make sure all the details are correct before confirming.

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Congratulations! You have successfully staked your ETH with Everstake. You can now track your stake in the dashboard.

Withdrawing ETH

If you wish to withdraw your ETH, there are only three easy steps.

Step 1: Click on “Withdraw”

Click the Withdraw button.

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Step 2: Enter the Withdrawal Amount

Specify the amount you wish to withdraw and click Continue. Ensure that the amount does not exceed your available balance.

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Step 3: Confirm the Transaction

Carefully review the withdrawal details, including the amount and applicable fees, and Confirm the transaction. 

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How to Stake ETH via OneKey’s Chrome Extension

Step 1

Search and download OneKey’s extension from the official store.

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Step 2

In the extension, either create a new wallet or import or connect the existing one.

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Step 3

Create a strong password for your wallet. Follow the recommendations for strong passwords to ensure its safety.

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Step 4

Write down the recovery phrase as prompted on-screen and keep it in a safe place that only you can access.

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Step 5

Be sure to read the recommendations carefully.

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Step 6

Confirm you have written down and safely stored the recovery phrase.

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Step 7

Finish setting up your wallet.

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Step 8

Now, you can fully use your OneKey wallet.

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Step 9

In the Earn tab on the left-hand side of the screen, choose Ethereum.

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Step 10

When offered a choice of staking providers, choose Everstake for native staking.

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Step 11

You will now access the staking menu.

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Step 12

Specify the amount of ETH you wish to stake and hit Continue.

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Step 13

From now on, the process is identical to that in the mobile app, so you can refer directly to it.

Conclusion

Staking ETH via OneKey Wallet is an intuitive and secure way to support Ethereum’s proper operation and earn rewards for doing so. The wallet’s interface makes the entire experience simple and understandable for users of any experience level. 

Be sure to conduct proper research before engaging in staking, as it may entail certain risks.  

Learn more about ETH staking via OneKey Wallet on their website.