Did you know that BitcoinVN is older and longer in service than the Ethereum blockchain?
Well, now you know. 🙂
While one of our Co-Founders is still an Ethereum bagholder (just kidding – but he does have an old “original merch” tote bag floating around from a 2014 Bitcoin conference), we wouldn’t necessarily recommend you to do the same.
Opinions on Ethereum range from “most successful ICO ever”, “world computer”, “decentralized platform for smart contracts”, to “biggest scam”, “technobabble snake oil”, and the “motherlode of all shitcoins”.
The opinions are… let’s say: divided.
It shaped – for better or worse – what “crypto” was to become after 2014.
However, whatever one’s personal opinion, it’s hard to deny that the majority of today’s efforts to “move the financial system on-chain” are happening on Ethereum – and its connected EVM-compatible L2s. Whether you love it or hate it, this stack has become the core infrastructure underlying many of the current initiatives aiming to build a faster, more efficient global financial system.
As for the current wave of on-chainization efforts happening on Ethereum and its L2s… whether it’s a miraculous technical feat or a stepping stone to CBDC surveillance hell – we leave that judgment to you.
As such, Ethereum continues to enjoy widespread popularity – particularly outside of the hardcore Bitcoin circles – and with it, sustained and growing demand from market participants.
Consequently, as an instant swap exchange service provider, we’ve reached the point where additional liquidity is needed to keep up with Ethereum-related swap operations.
The BitcoinVN staking program, in operation since 2022, has been instrumental in supporting our liquidity needs and enabling users to conduct swift and seamless swaps between various cryptocurrencies and stablecoins.
As Ethereum is one of the most liquid and highest-volume crypto assets on the market, you’ll notice that the initial percentage share (of the swap cut profit) is smaller compared to some of the other cryptocurrency staking vaults we offer. This is due to BitcoinVN’s need to maintain very tight spreads on ETH swaps.
That said, higher trading volume and turnover are expected to compensate for the lower per-unit commission.
Please be aware that the BitcoinVN staking program is designed for a more experienced user set which “knows what they are doing”.
None of the above should constitute any investment advice – the Ethereum staking option is mostly of relevance to those who are “long Ethereum” anyway – and looking for ways to earn some extra yield.
“Not your keys, not your coins”
Now, the usual disclaimer:
Unless you’re in a position to afford potential losses, you should not give up self-custody of your coins.
Not with BitcoinVN (despite our decade-long successful track record as Vietnam’s oldest cryptocurrency exchange) – and not with anyone else.
The safest place for your coins remains your own wallet, secured by keys you control.
Our colleagues at BitcoinVN Shop have everything you need to keep your Ethereum and ERC-20 tokens secure – including the latest hardware wallet models from Ledger and Trezor.
Get to action
Enough talk. Just here to chase yield?
→ Stake Ethereum with BitcoinVN
Horrified of Ethereum and want out?
→ Swap to VND or stablecoins – instantly.
→ Trade it all for Bitcoin – no sign-up required.
Prefer to self-custody?
→ Get your hardware wallet at BitcoinVN Shop — official Ledger & Trezor supplier in Vietnam.
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