Cryptocurrencies that are based on blockchains using the Proof of Stake (PoS) consensus mechanism require their native crypto to be staked. This helps with validating transactions and maintaining the efficiency and security of the blockchain.

What is crypto Staking?

Staking cryptocurrencies is one of the least risky options to grow your assets. At Cryptology, we only support protocol staking, in which slashing is the only risk you may need to worry about.

Is Staking cryptocurrency safe?

When you stake your crypto, you’re rewarded for providing your funds to support the blockchain. Your rewards can be accumulated by staking or are automatically sent to your wallet. The frequency of your rewards depends on the blockchain you choose to stake with.

How do I earn rewards?

You can unstake funds at any time. Rewards will stop accruing after the staking is closed, but you will get back the amount you used based on your selected staking option and unbonding period.

Can I unstake my funds at anytime? 

There are no gas fees when using Cryptology’s staking solutions. But by self-staking you may incur fees and this non-custodial option can also be expensive to set up due to the amount of crypto required and computational power necessary to run nodes.

Are there fees for staking?

By staking with Cryptology you minimize the potential risks associated with staking crypto. However, self-custodial staking is more complex and therefore has more risks associated - it requires a significant amount of crypto, there is the potential for slashing (where some of your funds can be lost), and if set up incorrectly, users risk losing all of their staked crypto.

Are there any risks associated with staking?

By staking with Cryptology you can trust our reliable and verified staking partners who are highly experienced validators and node operators.

What are the advantages of staking?

Cryptology currently supports crypto staking for Ethereum (ETH), Solana (SOL) and Polkadot (DOT), Kusama (KSM), Near (NEAR), and The Graph (GRT), with many more planned for the future. &nbsp;

What are the current supported currencies?

In order to start staking, you need to make a cryptocurrency deposit and pass verification before that. You can find out what levels of verification we have and what documents are required in our article&nbsp;<a href="https://cryptology.com/faq/cryptology-verification-process-43000430653">Cryptology verification process</a>.&nbsp;

Do I need to verify my account to stake cryptocurrency?

<ul><li dir="ltr">Log in to the Cryptology Exchange and click the “Grow” tab.</li><li dir="ltr">Select a crypto to stake and click “Next”. Choose the options (Fixed or Flexible) and the amount.&nbsp;</li><li dir="ltr">Activate "Automatic reward staking" to accumulate your reward every day and click “Confirm”.</li><li dir="ltr">Start earning rewards! You can follow the results on the Cryptology Grow - Open page and in your Balance dashboard.&nbsp;</li></ul>

How do I start staking?

You can top up your balance using a&nbsp;<a href="https://cryptology.com/faq/how-to-make-a-crypto-deposit-43000691055">crypto deposit</a>&nbsp;or a&nbsp;<a href="https://cryptology.com/faq/bank-card-deposit-instructions-43000431552">bank card deposit</a>. On the&nbsp;<a href="https://cryptology.com/buy-crypto?tab=buyCrypto">Buy Crypto page</a>, you can swap fiat for cryptocurrency and then use it for staking.

How do I top up my Cryptology wallet?

You will receive rewards from your staked assets on Cryptology once a week.

How often are staking rewards paid?

The rewards from staking are determined by the relevant protocol. However, you can influence the percentage of the APR by choosing a Fixed or Flexible Staking type. The Fixed type of staking implies a higher APR.

What is the amount of rewards I will earn?

The main difference is in the unbonding period. This is the amount of time you need to wait to get the unstaked amount.<ul><li dir="ltr">By choosing a Flexible type of staking, you will have the option to get the unstaked amount without unbonding period with a lower APR.</li><li dir="ltr">By choosing a Fixed Staking type, you can get the unstaked amount with the higher offering APR and by unbonding period.&nbsp;</li></ul>

What is the difference between “Fixed” or “Flexible” Staking?

Click on the&nbsp;Transaction tab&nbsp;on&nbsp;the Grow page&nbsp;to see the rewards for your current staked crypto. To see all rewards earned in the closed stakings, please check the&nbsp;History tab&nbsp;on the&nbsp;Grow page.

Where can I view my staking rewards?

Your staked coins can be unstaked anytime immediately with our Flexible option or after the end of the unbonding period with our Fixed option. Then, your rewards will be auto-credited to your available balance on the Cryptology Exchange once they’re unstaked.

When can I unstake the coins I've staked?

Cryptology will pay yield out of its own platform income to provide yields for your stake. The APR varies based on market conditions and APRs provided by PoS &nbsp;protocols.

How is APR determined?

There are no hidden fees. The fee charged by Cryptology is already included in the APR.

Are there any fees?

We provide staking to users from all countries except the list of restricted countries according to our&nbsp;<a href="https://cryptology.com/faq/exchange-t-cs-43000509173">Terms and Conditions</a>:&nbsp;Afghanistan, American Samoa, Canada, Cuba, Guam, Iran, Iraq, Japan, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Northern Mariana Islands, Occupied territories of Ukraine, Pakistan, Puerto Rico, Russian Federation, Somalia, South Sudan, State of Palestine, Sudan, Syria, U.S. Virgin Islands, United Kingdom, United States of America, Uzbekistan, Venezuela, Yemen.

Where is staking available?

You can withdraw rewards immediately after they are credited to your available balance on the exchange. Use our instructions to make a&nbsp;<a href="https://cryptology.com/faq/how-to-make-crypto-withdrawal-43000691066">crypto withdrawal</a>&nbsp;or contact our&nbsp;<a href="https://cryptology.com/faq/how-to-contact-the-support-team-43000634452">Support Team</a>&nbsp;if you need any help.

How do I withdraw my rewards?

Earning rewards for holding certain cryptocurrencies