Ethereum 2.0 (ETH 2.0) staking is available to eligible users that hold Ethereum (ETH) on our platform.
There is no minimum requirement on the amount of ETH held in order for a user to participate in staking on Bitfinex. While ETH is staked in batches of 32 ETH on a first-come, first-served basis, users can input any amount they would like to stake.
In order to start staking your ETH, do the following:
- Navigate to Bitfinex Wallets page
- In the currency conversion tool choose an amount of ETH you would like to stake
- Select ETH as the "From" currency and ETH2Pending as the "To" currency:
- Finalise the process by clicking Convert
The ETH2Pending tokens created will now be automatically used for staking. Once the staking cycle is completed, the ETH2Pending balance will be converted into an ETH2 balance. Staking rewards on staked ETH will be reflected as ETH2 Rewards.Please note that it is not possible to convert ETH2 back to ETH. The process is final and irreversible.
NOTE
The ETH 2.0 staking service is available to our users, pursuant to our Terms of Service and additional terms that users will be presented at the time they choose to stake. ETH 2.0 staking is highly experimental and risky. Please ensure you independently assess, understand and accept the related risks before deciding to stake.
ETH 2.0 staking is not available to any citizen or resident of Canada or any entity organized in Canada or controlled by citizens or residents of Canada. ETH 2.0 staking is also not available to any Prohibited Person, such as a citizen or resident of the United States of America.
Bitfinex makes no guarantee that it will permit trading of ETH2 or ETH2 Rewards or if it does, that it will continue to permit trading of either ETH2 or ETH2 Rewards. Bitfinex may remove the ability to trade ETH2, ETH2 Rewards or both ETH2 and ETH2 Rewards, at any time, on any or no notice and for some or all users.
If you cease to maintain your account with Bitfinex for any reason, including termination by Bitfinex, while you hold a balance of ETH2 or ETH2 Rewards, you will forfeit any rights you may have pursuant to the Terms of Service to the ETH that the ETH2 or ETH2 Rewards represents. Neither ETH2 nor ETH2 Rewards balances can be withdrawn from Bitfinex.
