Staking at Bitvavo

With Staking at Bitvavo, you can earn rewards on a supported range of digital assets with reward rates as high as 15%. Staking at Bitvavo allows you to monetize your digital assets that would otherwise lie idle in your wallet. 

Note: From December 5th 2023, Staking at Bitvavo is offered on a per-asset basis, providing greater asset management control and flexibility. To implement this update and allow users to choose which individual assets to stake, existing Staking settings were reset. To continue earning Staking rewards, you can easily re-enable Staking on a per-asset basis directly from the details page of your preferred assets or by selecting "Staking" from Settings.

What is staking?

By staking your crypto assets, you participate in the proof-of-stake (PoS) consensus mechanism of a blockchain network, all while you receive staking rewards in return. Learn more about Staking here.

 

Staking at Bitvavo - Frequently Asked Questions

How can I participate in Staking at Bitvavo?

Staking can be enabled individually per asset. Make sure you download the newest version of our app from your app store. 

How are rewards being calculated?

Rewards are calculated based on two factors:

  1. The current rewards rate is shown in your account. For some assets, this reward rate might change over time (for example Tezos, where the reward is influenced by the total amount staked across the entire network).
  2. The number of digital assets you hold in your Bitvavo-hosted wallet per day. To determine this amount we look at the lowest amount you have had in your wallet on that specific day. Assets held in open orders are included in this calculation.

When you sell or withdraw the staked asset to an external wallet, you don't accrue any rewards on this asset from that moment on.

When do I get my rewards credited to my account balance?

The Staking rewards are accrued daily and paid out weekly on Monday in the form of digital assets, before 23:59.

How much can I receive in Staking rewards?

Reward rates for Staking assets can be as high as 15% over the value of the digital asset and are calculated daily. You can find the current reward rates per asset in your Bitvavo account.

ARK (ARK) ~ 1,07%
Axie Infinity (AXS) ~ 15,00%
Cosmos (ATOM) ~ 8,00%
Cardano (ADA) ~ 2,05%
Casper (CSPR) ~ 7,00%

Celestia (TIA) ~10,00%
Ethereum (ETH) ~ 3,20%
ICON (ICX) ~ 3,00%
Kusama (KSM) ~ 7,00%
Livepeer (LPT) ~ 10,00%
LTO Network (LTO) ~ 5,00%
NEAR Protocol (NEAR) ~ 5,00%
NEO (NEO) ~ 0,52%
Ontology (ONT) ~ 0,51%
Osmosis (OSMO) ~ 3,00%

Phala Network (PHA) ~7,50%
Solana (SOL): ~ 5,50%
Sui (SUI) ~ 2,00%
Terra 2.0 (LUNA2) ~ 2,00%
Terra Classic (LUNA) ~ 2,00%
Tezos (XTZ) ~ 2,50%
The Graph (GRT) ~ 3,00%
Waves (WAVES) ~ 2,00%

Am I allowed to trade and withdraw my Staking assets as usual?

On Bitvavo, there is no cooldown period for selling or withdrawing digital assets used in staking. You have the flexibility to trade and withdraw these assets whenever you choose, just like any other assets in your account.

Can the Staking reward rates change?

The Staking reward rates may change at Bitvavo’s discretion, as the rates are subject to changes caused by market conditions. It is possible that the Staking reward rates increase or decrease after you’ve already agreed to Stake your digital assets.

For example; When you put assets into a liquidity pool, the accrued rewards are shared among all the participants. If more people join and add their assets, each person gets fewer rewards which results in a lower reward rate.

Are there any tax implications for Staking rewards?

The tax implications and reporting requirements associated with Staking vary depending on the jurisdiction in which you reside. Staking rewards may be subject to income tax, capital gains tax, or other tax obligations. It is advisable to consult with a tax professional or refer to tax authorities to understand the specific tax implications and reporting obligations related to Staking in your jurisdiction.

What are the risks involved with the Staking service?

Staking involves certain risks. To learn more about the risks involved in staking, review the Bitvavo Risk Disclosure Statement.

How are Staking validators or nodes selected?

Staking involves the process of participating in the validation and consensus of a blockchain network holding cryptocurrency assets. Bitvavo stakes on behalf of its customers. As a customer, you entrust Bitvavo to handle the staking process, including the selection of appropriate validators or nodes within the supported blockchain networks. Bitvavo employs a rigorous due diligence process to assess the credibility and reliability of validators or nodes it engages with for staking purposes. This due diligence process may involve evaluating factors such as the reputation of the validators or nodes, their performance history, security measures in place, and their compliance with network protocols

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