What Is Staking on Bitvavo?
Staking on Bitvavo allows you to earn passive income by holding certain cryptocurrencies in your wallet. You’ll receive a form of "interest" on your holdings without active trading. This guide explains how staking works and how to maximize your rewards.
Understanding Staking
Bitvavo offers both off-chain and on-chain staking services:
- Off-chain staking: Bitvavo utilizes your crypto for its internal services.
- On-chain staking: You help validate transactions on Proof of Stake (PoS) blockchains.
No technical expertise is needed—once enabled, staking runs automatically.
👉 Discover how staking boosts your crypto portfolio
How to Stake on Bitvavo
Step-by-Step Setup
- Activate staking: Go to Account Settings and toggle the staking option.
- Eligible coins: Supported cryptocurrencies will be staked automatically.
Bitvavo provides a dedicated Staking Dashboard showing:
- Eligible coins
- Estimated annual yields
- Current staking percentages
Rewards are paid weekly (every Monday) in the form of additional crypto.
Supported Cryptocurrencies
As of October 2021, these coins were stakable (rates fluctuate):
| Crypto | APY (%) |
|--------------|---------|
| ICON | 7.5 |
| Dai | 6.1 |
| Cardano | 5.0 |
| Ethereum | 1.01 |
| Bitcoin | 0.77 |
Pros and Cons of Staking
Advantages
- Passive income: Earn compound interest without extra effort.
- Eco-friendly: PoS consumes less energy than Proof of Work (PoW).
- Support networks: Contributes to blockchain security.
Risks
- Security: Online wallets are vulnerable to hacking. Consider cold storage for large holdings.
- Volatility: Crypto prices can drop, offsetting staking gains.
- Lower yields: Bitvavo’s rates may be lower than competitors’.
👉 Secure your assets with these wallet tips
Key Considerations
- Long-term focus: Staking suits holders, not day traders.
- Research coins: Prioritize assets with strong fundamentals over high APYs.
FAQ
How often are staking rewards paid?
Rewards are distributed every Monday via email and wallet updates.
Can I sell staked coins anytime?
Yes! Bitvavo doesn’t lock your funds—you retain full ownership.
Is staking mandatory?
No, but enabling it maximizes earnings if you hold eligible coins.
Explore More About Bitvavo
Disclaimer: Cryptocurrency investments carry risks. Bitvavo isn’t covered by deposit insurance.
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