What is Staking?

Staking is a method used to support the operations of a blockchain network, through buying, holding and then allocating your crypto to a staking pool. In return for doing this, you will automatically receive more crypto as payment from the blockchain network. These payments are known as ‘crypto rewards’.

Crypto rewards are determined in accordance with the rewards program conducted by the underlying blockchain network of the eligible digital asset.

It’s different for every exchange, but fees may be changed for facilitating staking, or if assets are redeemed early for locked staking products. Always check the specific terms of service on the platform you’re using to ensure you understand any fees associated with staking.

When you buy and hold eligible digital assets and allocate them to a staking pool, you will automatically earn extra crypto on top of your existing holdings.

The extra crypto earned from staking is a form of payment from the eligible asset’s underlying network. These payments, or crypto rewards, are offered by the network for helping to grow and secure their blockchain.

Staked asset must be redeemed from the staking pool before they are available for trading again.

Due to the existing regulatory regime in Australia, BTC Markets are currently unable to offer staking. We are working on offering our customers more earning options in the not-too-distant future.