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How to Stake Ethereum (ETH) on MyNearWallet

MyNearWallet may not directly support ETH staking, but you can still use MyNearWallet to buy ETH and transfer it for staking.

Current APY

2.4%

Price

$2,209.4

Platform Fee

No

Platform Type

wallet

Start Staking ETH on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake ETH on MyNearWallet →

Step-by-Step: Stake ETH on MyNearWallet

1

Install MyNearWallet

Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

2

Fund the wallet with ETH

Buy ETH on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.

3

Open the staking section

In MyNearWallet, navigate to the staking or earn tab for Ethereum. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

4

Delegate and confirm

Enter the amount of ETH to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

MyNearWallet for ETH Staking: Pros & Cons

Pros

  • + Browser-based — no install required
  • + Direct delegation to any NEAR validator
  • + Compatible with Ledger hardware wallets
  • + Open-source codebase

Cons

  • - NEAR-only; no multi-chain support
  • - Web wallets carry phishing risk — bookmark the real URL
  • - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated

Other Platforms for ETH Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

💧Lido Finance

Liquid Staking · 10% of staking rewards (split: 5% node operators, 5% DAO treasury)

🚀Rocket Pool

Liquid Staking · ~14% commission to node operators

🟡Binance Staking

Exchange · Fees built into displayed APY

⭕OKX

Exchange · 10–20% commission

🔵Bybit

Exchange · Built into rates

🌐Stader Labs

Liquid Staking · 10% of staking rewards

⚓Ankr

Liquid Staking · 2% of staking rewards

🏛️Figment

validator · Varies (institutional pricing)

🌲Everstake

validator · 5–10% commission

🎵Chorus One

validator · 5–10% commission

🔐Ledger

wallet · No platform fee — only network/validator commission

🦊MetaMask

wallet · Provider fee (Lido 10%, Stader 10% on rewards)

FAQ: ETH Staking on MyNearWallet

What APY can I earn staking ETH on MyNearWallet?
The current estimated APY for ETH staking is around 2.4%. Actual rates vary based on network conditions, validator performance, and MyNearWallet's fee structure (No platform fee — validator commission (typically 1–10%)).
Is staking ETH on MyNearWallet safe?
MyNearWallet is a non-custodial protocol with a low risk profile for ETH staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake ETH from MyNearWallet?
Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your ETH won't earn rewards.
What fees does MyNearWallet charge for ETH staking?
MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake ETH on other platforms?
Yes! You can compare all available platforms for ETH staking on our How to Stake Ethereum guide. Different platforms offer different APY rates, fees, and custody models.