We are thrilled to announce a new feature that puts your crypto to work: Coinsquare Staking. This exciting addition is designed to help you do more with your investments while holding it directly in your Coinsquare account.
Coinsquare Staking allows you to earn up to 11.23% in rewards by simply holding and staking Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), and NEAR Protocol (NEAR) in your Coinsquare account. We are offering some of the highest rates available in Canada. See the staking reward rate of each coin below:
But what exactly is staking, and how does it work? We've compiled a list of commonly asked questions to help you get started.
Staking involves holding and putting funds towards the support the operations of a blockchain network. Essentially, when you stake your cryptocurrency, you're locking up your assets in the network for a certain period and in return, you get rewarded with additional tokens. The rewards are generated from Proof-of-Stake networks where you are rewarded for helping secure the entire network of the blockchain.
When you stake your cryptocurrencies with Coinsquare, they are held in a 1:1 ratio and are never used for lending purposes. This means that whenever you stake, your funds are securely kept in a staking node until you decide to unstake them. The coins that you stake will help secure the network and validate transactions, and in return, you earn rewards.
Safety is paramount in the world of crypto and for us at Coinsquare. Coinsquare Staking is regulated in Canada, and we have institutional-grade security to safely store your staked assets. There are still risks associated with staking, please review the Staking Risk Statement here.
We've simplified the process of calculating potential rewards with our Staking Calculator. This tool provides an estimate of how much you could earn based on the amount and which token you plan to stake. You can calculate your rewards here.
Anyone who owns the supported cryptocurrencies can stake on Coinsquare. Whether you're a seasoned crypto trader or just starting out, staking is an easy way to start earning rewards on crypto you hold.
In conclusion, staking offers an opportunity to earn rewards from your crypto assets passively. With Coinsquare Staking, you can leverage this feature while ensuring your assets are safe and secure. As with all investments, staking comes with its own risks. It's important to do your research and consider your financial situation before staking your cryptocurrencies.
Stay tuned for more exciting features and updates from Coinsquare. Happy staking!
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