EH2 staking (6.0% APR) –vs– staking exchange like Celsius, Gemini, BlockFi, etc (approx 2% – 5ish% APY) – which would you choose?

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EH2 staking (6.0% APR) –vs– staking exchange like Celsius, Gemini, BlockFi, etc (approx 2% – 5ish% APY) – which would you choose?

Basically the title. I have been holding my ETH in staking apps like Celsius, BlockFi, Nexo, etc. However, now that Coinbase is offering ETH 2.0 at 6% I am tempted to move to it. My highest APY of ETH as of today is on Celsius @ 5.05%. I was getting 5.25% on my ETH at BlockFi up until today, but they dropped their rates a lot, so I'll be dropping them (just BTW).

Email I got from Coinbase on the subject:

You can now start staking your ETH and earn up to 6.00% APR in rewards.

Here's how it works:

  • Upgrade your ETH to ETH2
    Ethereum 2.0 is a series of major protocol upgrades to Ethereum designed to improve speed and efficiency. As part of the upgrade, participants can stake ETH tokens to help secure the network. When the Ethereum 2.0 upgrade is complete, your staked ETH will be upgraded and you’ll be able to send and sell your ETH along with the rewards you’ve earned. Learn more
  • Earn rewards on any balance
    Choose how much ETH to stake — there are no minimum amounts required. You can track your rewards in real time from your portfolio. Plus, Coinbase’s world-class staking infrastructure manages any slashing risk and you can earn rewards worry free.
  • Wait for ETH2 to launch
    After staking, you’ll be unable to trade, send, or sell the ETH you’ve staked until the Ethereum 2.0 upgrade is complete. However, later this year we expect to offer a way for you to trade your staked ETH. Stay tuned.

I am a long term HODL'r that bought ETH back in Fall of 2017 and don't plan on sell any for years to come. Many thanks, all.

submitted by /u/Counter_Proposition
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