General overview

1. What is Staking?

Staking is a cryptocurrency service - a way to earn rewards simply by holding certain cryptocurrencies in your account, similar to earning interest on a savings account.

To get started, all you need to do is to buy or deposit a supported cryptocurrency. Once you’ve bought the asset, you can start staking by clicking the “Start Staking” button under your crypto balance. From there, your assets will automatically participate in staking protocols and begin generating rewards over time.

Staking is currently available for selected proof-of-stake cryptocurrencies such as ETH, SOL, DOT, or ATOM. You can see the full list of supported assets here.

2. How do I start Staking?

Just buy or deposit one of the supported cryptocurrencies in the app.

You can even sell or withdraw your staked crypto at any time - there’s no lock-up period and no additional restrictions. However, please note that withdrawing or selling your crypto may result in the loss of any unclaimed or pending rewards.

3. When will my rewards be paid out?

Rewards are paid once they reach at least 1 satoshi (0.00000001). If your reward is below this amount, it will simply accumulate in the background and be paid to you automatically once it reaches the minimum payout.

3. Who can use the Staking service?

Staking is available to every user over 18 who legally resides in the EEA. Please note that some users, including those living in or holding citizenship in Canada, Singapore, the United States, or other selected countries where the service is restricted, are not eligible for staking, especially off-chain staking. This list may be updated from time to time. If these restrictions apply to you, the staking service will simply not be visible in your app.

Please note that staking rewards may be subject to taxation based on your local laws. It’s your responsibility to report them accordingly.