Lock your crypto in a golden cage
Staking basically means that you reap the fruit of your crypto’s labour. Sounds too good to be true? Not at all. All you have to do is hold your crypto in place while the blockchain puts it to work.
What is staking?
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Staking in crypto is a process that allows you to earn rewards while blocking certain digital currencies (put them «at stake») via a consensus feature called Proof of Stake (PoS) during an amount of time defined by you. Your locked assets are used to achieve a consensus mechanism that is required to ensure the security of the network and the validity of each new transaction. That’s why crypto stakers are also called «validators». For locking assets and providing services to the blockchain validators are rewarded with new coins.
Nice side effect
Proof of Stake is a consensus algorithm that reduces the energy-intensive processes required by classic crypto mining. The transaction speed is increased while the blockchain is greener.
Bake some Tezzies (XTZ) with Swissquote
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Tezos (XTZ) is one of the most important Proof of Stake blockchains. Staking these coins is called «Baking Tezzies» in insider circles. Ready to put your Tezzies in the oven? Estimate your staking reward rate thanks to our calculator.
Grow your assets on the DOT with Swissquote
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The Polkadot (DOT) community is like a financial parallel universe, where validators and nominators work together in harmony to make the DOT network a safe place for transactions. Ready to be part of it?
Staking with Swissquote
Currently on our staking menu: Tezos (XTZ) & Polkadot (DOT)
Here is how to get started:
1. Connect to your trading account and click on the crypto plug-in
2. Select «Earn»
3. Define your staking parameters and confirm by clicking on «Stake»
Terms and conditions of staking
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| Tezos (XTZ) | Polkadot (DOT) |
|---|---|---|
Possibility to unstake assets | Yes | Yes |
Estimated reward (gross) | 5.7% p.a. (gross) | 13.95% p.a. (gross) |
Payment of the first reward | 34 days to 37 days (= 12 cycles) | Between 48h and 76h (= 2 cycles) |
Payment of the following rewards | ~ Every 2.8 days (1 cycle) | ~ Every 24 hours (1 cycle) |
Minimum to stake | 1 XTZ | 0.1 DOT |
Risks | Rewards slashing | Asset slashing & Rewards slashing |
Request processing time | Up to 2 business days | Up to 2 business days |
Staking fees | 15 % of rewards | 15 % of rewards |
Staking is a complex process that involves high risk.
For further information on the risk associated, please consult the disclosures available on our platform.
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Digital Assets Risk Disclosure