Cryptocurrency Q&A
What assets must be unstaked on Coinbase?
What assets must be unstaked on Coinbase?
CryptoGladiatorGuard
Thu Jul 11 2024
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5 answers
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As a cryptocurrency enthusiast and investor, I'm curious about the staking process on Coinbase. Could you elaborate on what assets specifically need to be unstaked on the platform? I understand staking is a way to earn rewards for holding cryptocurrencies, but are there certain assets that cannot remain staked if I wish to access them or trade them freely? It's important for me to understand the staking requirements and limitations to make informed decisions about my portfolio.
5 answers
FantasylitElation
Sat Jul 13 2024
Currently, Coinbase users are required to unstake several cryptocurrencies, including Solana (SOL), Cosmos (ATOM), Cardano (ADA), and Tezos (XTZ).
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Dario
Sat Jul 13 2024
Prior to this change, Coinbase users who held Solana, for instance, were able to earn staking rewards passively, without having to actively enroll in a staking service.
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SamsungShineBrightnessRadiance
Fri Jul 12 2024
This passive earning model allowed users to continue earning rewards while maintaining the flexibility to transfer or sell their Solana holdings at any time.
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EnchantedSeeker
Fri Jul 12 2024
However, with the recent update, users will now need to unstake these assets in order to regain full access and control over them.
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Silvia
Fri Jul 12 2024
It is important to note that this change applies not only to Solana but also to Cosmos, Cardano, and Tezos, which were previously available for staking on Coinbase.
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