Staking is an additional option to generate returns with your crypto assets. Some crypto assets can be staked for certain periods of time. In exchange, you receive a weekly payout. We provide a staking service with which we take over all of the technical work and always stake the crypto assets securely from our vault.
How does crypto staking work?
On a blockchain network, transactions are validated by its participants, so-called “nodes”. How they achieve consensus about the ordering and validity of these transactions can differ across chains. With Proof-of-Stake this happens by participants offering their crypto assets to the network via staking. When staking, participants show their reliability by locking up their funds, and in exchange they are given a reward.
Why crypto staking at Amdax?
Passive income
With staking you’ll receive passive income in the form of interest. This way you’re making your crypto assets work for you. The interest you receive can automatically be re-invested, so that you profit from compounding interest
Clarity
Amdax takes over the technical parts of staking and will immediately get to work for you. You’ll receive a fixed interest rate, which is determined periodically. The interest will be paid out weekly at a set time.
Security
Your crypto assets are safe with Amdax, where saving really means saving. Even when staking we maintain our full reserve custody promise: all of the crypto assets remain securely with us. Thanks to our professional infrastructure, your crypto assets are stored extremely securely.
Supporting crypto assets and returns
Product Earn rate*
Ethereum (ETH) 3-7% APY
Cardano (ADA) 2-4% APY
Polkadot (DOT) 10-12% APY
Solana (SOL) 4-6% APY
Concordium (CCD) 8-12% APY
Kusama (KSM) 12-15% APY
Tezos (XTZ) 3-5% APY
Cosmos (ATOM) 12-15% APY
NEAR Protocol (NEAR) 6-8% APY
Polygon (MATIC) 3-4% APY
*Earn rates are indicative and may be adjusted periodically.
Frequently asked questions
Do I have to own crypto assets to start staking?
Yes, you can only stake and receive interest over assets in Amdax’ custody
How do I start staking?
Amdax offers multiple crypto assets for staking. If you own one or more of these crypto assets, you can start staking. If you don’t yet own any of the assets on offer, you can buy them via Amdax.
In your personal Amdax environment, you can immediately put your desired crypto assets in staking.
Is there a waiting (unbonding) period?
Some crypto assets have a so-called unbonding period. This waiting time starts when you un-stake your crypto assets. After the unbonding period has passed, you’re once again free to trade your assets. The following crypto assets have a unbonding period:
Polkadot 28 days
Concordium 21 days
Kusama 7 days
Solana 2 days
Cosmos 21 days
NEAR 3 days
Polygon 5 days
This (un)bonding period excludes the processing time of one business day to stake or unstake your asset.
Why can some crypto assets be staked, while others can’t?
On a blockchain network, transactions are validated by its participants, so-called nodes. How they achieve consensus about the ordering and validity of these transactions can differ by chain. With Proof-of-Stake this happens by participants offering their crypto assets to the network via staking. By staking you contribute to the security of the network. In short; staking is part of Proof of Stake blockchains, and not of chains using a different consensus mechanism.
Can I withdraw staked crypto assets?
No, as long as an asset is staked, it cannot be withdrawn or traded. You’ll need to first make a request to unstake your asset. Please be advised that some crypto assets have a bonding period. After this period of time has passed, you’re free to trade and withdraw your assets again.
What are the risks of staking?
Please be aware that staking is not risk-free. By staking your crypto assets, you’ll need to un-stake them before you’re able to sell or withdraw them. When we’ve received a request for un-staking, it will be processed during the next working day. With crypto assets that have a bonding period, you’ll need to wait until the bonding period is over before they can be freely traded again.
Does Amdax offer compound interest on my staked crypto assets?
Yes, the staking rewards that you receive will also be staked automatically so that you benefit from compounding interest.
Where can I find my staking rewards?
Staking rewards can be found in the balance sheet overview in your customer platform.