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Are Staking Providers (Everstake) safe?

Etherum Reddit

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Hey everyone — ETH staking noob here.

I moved my ETH from Coinbase to a Trezor and I’m looking at staking via Everstake. My main concern is custody/safety of principal, not yield (I’m fine with downtime/slashing-type risks).

If I stake through my Trezor UI, do I keep custody / control of withdrawal credentials the whole time? In other words: is the main theft risk basically just my seed phrase / signing something malicious, or is there any scenario where Everstake (or an outage on their side) could put my ETH at risk?

Any pointers on what to verify (withdrawal address, contract, token received, etc.) would be appreciated.

submitted by /u/Fancy-Document5601
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