Staking at Bitvavo

Summary

This article explains how you can earn rewards on Bitvavo through Flex Staking and Fixed Staking. You will learn how each feature works, how to manage your preferences in the Earn Hub, and how you retain full ownership of your crypto while it is staked.

Staking is a way to earn rewards by holding onto certain cryptocurrencies. Your crypto helps secure and run the network. In return, the network rewards you with more of that crypto. When you stake your assets on Bitvavo, you retain rights to your crypto at all times.


Bitvavo Earn: two ways to earn rewards with your crypto

Bitvavo makes it simple to manage your staking preferences through the Earn Hub. You have two options to earn rewards:

  • Flex Staking: Earn rewards automatically on all eligible assets.
  • Fixed Staking: Lock your assets for a fixed period (e.g. 30 days) and earn higher rewards.

You can access the Earn Hub on both the Bitvavo app and website to view your earnings, track your staked assets, and adjust your settings.


Flex Staking: earn rewards automatically

How to enable or disable Staking

App

1. Tap here or tap the profile icon in the top-right corner and navigate to "Staking".

2. Tap "Enable Staking" or "Disable Staking" to turn it on or off.

Website

1. Click here or click on "Earn" in the balance overview.

2. Click on "Manage Staking" and enable or disable Staking as desired.

Tip: You can view all your earnings and which assets are generating rewards from the same Earn section.

Fixed Staking: earn more by locking your crypto

Fixed Staking gives you a higher reward (APY) by locking up your crypto for a fixed period, like 30 days. During this period, your funds can't be traded or withdrawn.

How to stake crypto with Fixed Staking

  • Make sure you have Flex Staking enabled.
  • Tap here or tap "Earn" below your portfolio chart.
  • Tap the asset you want to stake.
  • Next to "Fixed Staking" tap the Stake button.
  • Review the APY, duration, and your available balance.
  • Tap "Continue", then enter the amount you want to stake.
  • Review the preview with estimated returns.
  • Tap "Confirm" to lock your assets and start earning.

FAQ

Staking services are offered by Bitvavo B.V. and are not currently regulated under MiCA. This means the safeguards and protections that apply to regulated crypto services may not extend to Staking. As a result, these services may involve additional risks. Please refer to our Risk Disclosure and User Agreement for more details.

Which assets are available for Staking?

Flex Staking is currently available on a variety of assets. To see the full list of assets that are available for Flex Staking, see our Earn page.

Fixed Staking is available for a select list of Proof of Stake assets. You can see all details with regards to APY and lock period before you start Fixed Staking a certain asset.

We regularly evaluate our Staking offering to ensure our rates remain competitive and provide the best possible value for our customers.

What is the difference between Flex and Fixed Staking?

With Flex Staking, your assets remain available to trade or withdraw at any time while still earning rewards. Fixed Staking allows you to lock selected assets for a set period in exchange for higher annual returns. To use Fixed Staking, first enable Flex Staking.

Can I switch between Flex and Fixed Staking?

Yes, but with a few important details. Flex Staking must be enabled first to access any staking earnings. For eligible assets, you can then opt into Fixed Staking to enhance your APY rate for the lock-up period. Once staked in a Fixed term, your assets will be locked for the agreed period. After that period ends, you can either restake on Fixed or continue staking on Flex.

Can I trade or withdraw my assets while using Staking?

With Flex Staking, you can trade or withdraw your assets at any time and rewards accrued up to that moment will still be credited to your account. With Fixed Staking, your assets are locked for a fixed period and will not be available to trade or withdraw until that period has ended, or until you have cancelled your Fixed Staking term (in which case you forfeit your rewards).

How are Staking earnings calculated?

We calculate your Staking rewards based on a few simple things:

  • How much you stake: The more assets you have staked, the higher your potential reward.
  • How long you stake: We calculate rewards based on the time your assets are part of our Staking program.
  • The network rules: Each network (like Ethereum or Cardano) has its own rules for how it shares rewards with users. This can depend on things like the network's inflation or how active the network is.

More information can be found in our pricing policy.

When do I receive my earnings?

Flex Staking rewards are accrued daily and paid out weekly on Mondays. Payouts are made in the form of digital assets and appear in your account before 23:59 CE(S)T. Fixed staking rewards are paid out at the end of your lock up term.

Does staking incur any fees?

When you generate rewards by Staking assets, Bitvavo takes a commission. Part of this commission gets used to cover network transaction fees and service fees related to providing the staking functionality.

These commissions are already factored into the reward rates that Bitvavo offers for staking. That means you don’t pay anything extra on top of the displayed rates.

Important: Bitvavo does not charge additional commissions directly from your assets. All costs are included in the calculated reward rate.

For full details, please refer to our pricing policy.

Can the earning rates change?

Yes, earning rates for Staking can change. These changes may be caused by network conditions, liquidity pool participation, or supply and demand. However, for Fixed Staking, the reward rates will not change during the lock-up period.

Where can I see my staking earnings?

You can view both your Flex Staking and Fixed Staking rewards in one place:

  • Open the Earn section in the app or website.
  • You’ll see your total earnings, a breakdown per asset, and details of any assets currently locked.

Are there any tax implications for earnings accrued via Staking?

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.

You can easily export your tax statement in Bitvavo via CoinTracking - more information can be found in this support article.

Can I choose which assets to stake with Flex Staking?

No, Flex Staking applies to all eligible assets in your account. You can enable or disable it for your entire portfolio.

Can I stop staking at any time?

Yes, you can stop staking at any time by disabling staking. You then stop earning rewards on any eligible assets you hold. You can re-enable Staking at any time through your Earn settings. If you have a Fixed Staking term active, you have to cancel your Fixed Staking term first.

Can I disable Staking while I still have funds locked in Fixed Staking?

No. It is not possible to disable Staking when funds are locked in Fixed Staking. You'll be able to disable Staking once your fixed period finishes or if you choose to cancel the term early.

What happens when the Fixed Staking period ends?

Your funds and earned staking rewards will automatically become available in your account again. You can then choose to lock them again or keep them flexible.

How can I cancel my Fixed Staking term?

You can cancel your Fixed Staking term and unlock your funds by going to the Earn section, clicking on the applicable asset, then tap the "Manage" button on your Fixed Staking term, and proceed to "Cancel term".

Warning: If you cancel a Fixed Staking term before it expires, you’ll forfeit any earnings. Only the original amount you staked will be returned to your available balance.

Is there a minimum amount required for Staking?

The minimum amount required for Flex Staking depends on the reward percentage and the decimals available for the asset. You only receive rewards for an asset if your balance for the asset is more than €1. Additionally, if the payout is smaller than the minimum decimal available for the asset, it will be rounded down to 0, and no payout will be credited. Once you have enabled Staking for a certain asset, the full balance in the respective cryptocurrency on your account will be staked by Bitvavo and rewards will be distributed to you.

For Fixed Staking a minimum amount may apply depending on the asset. You’ll see the requirements before confirming your stake.

Are there any risks involved with staking?

Yes, staking comes with certain risks that you should be aware of before enabling it. These include:

  • Network risks: Issues like bugs, attacks, or consensus failures in the blockchain could affect the safety of your staked assets.
  • Slashing risks: In some networks, validators can be penalized for misbehavior or downtime. This is known as “slashing” and may lead to loss of staked assets.
  • Market risks: The value of the cryptocurrency you're staking can fluctuate. This affects both the value of your rewards and the total return.
  • Regulatory risks: Laws and regulations around staking may change, which could influence how staking services are offered or even their availability.

For a full overview of all potential risks, please review our 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.

Are there any restrictions on participation Staking?

Certain limitations or restrictions may apply to your Staking participation. This may include restrictions based on where you reside.

Does Bitvavo do smart contract staking?

Most staked assets on our platform use native Proof-of-Stake (PoS), with only a small portion staked via smart contracts. Smart contract staking involves staking assets via smart contracts directly. While it offers rewards, it also carries risks like potential bugs or vulnerabilities in the contract, as well as the changes in the underlying protocol. To manage these risks we carefully assess all protocols before supporting them.

For assets staked via smart contracts, there is a risk of bugs or vulnerabilities in the contract code that could impact the security of staked assets.

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