Exchange Review

Can I Stake Crypto on CoinSpot

Quick-Take: Yes, CoinSpot offers over 30 different cryptocurrencies to stake and earn up to 78% APY. Their staking platform allows Australian investors to earn passive income on ETH, SOL, AVAX, ADA and more.

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Cryptocurrency staking is a process where investors stake tokens to a protocol in order to earn a yield. This yield can come from protocol revenues, for example the fees of the Avalanche (AVAX) network being distributed to AVAX stakers and validators.

Centralised cryptocurrency exchanges like CoinSpot gives Australian investors easy access to stake and participate in network validation with a variety of coins. You can stake and unstake at any time because there are no lockups.

Related Guides: CoinSpot ReviewCoinSpot vs SwyftX

Table of Contents

Can I Stake Crypto on Coinspot?

Yes, CoinSpot recently announced they have begun offering staking on 22 different cryptocurrencies. CoinSpot does not charge any fees

Please see the below tokens and yields (APY) you can currently earn on Coinspot.

CoinSpot Staking Coins Annual Interest (APY)
(ADA) Cardano 5.2% APY
(ALGO) Algorand 6.1% APY
(ATOM) Cosmos 11% APY
(AVAX) Avalanche 7% APY
(AXS) Axie Infinity 75% APY
(CRO) Cronos 12% APY
(DOT) Polkadot 4.5% APY
(EGLD) Elrond Gold 13% APY
(FLOW) Flow 6.8% APY
(FTM) Fantom 6% APY
(KAVA) Kava 23% APY
(KSM) Kusama 18% APY
(LUNA) Terra 8% APY
(MATIC) Polygon 12% APY
(ONE) Harmony 9% APY
(SOL) Solana 6.5% APY
(VRA) Verasity 19% APY
(WAN) Wanchain 6.3% APY
(XTZ) Tezos 4.1% APY
(ZIL) Zilliqa 14% APY

*APY (Annual Percentage Yield) is estimated and is subject to change. You can get a live update of the available CoinSpot Staking Coins on their help page.

How to Stake Crypto in Australia using Coinspot?

Below is a simple guide to buying and staking crypto using CoinSpot.

  1. Sign up to CoinSpot, complete your KYC and the verification process
  2. Visit the 'Deposit AUD' screen and select your desired payment method and deposit the amount of AUD you wish to invest
  3. Click the 'Buy/Sell' tab and choose the cryptocurrency you wish to buy, then input the dollar amount you want to purchase
  4. Go to the 'Wallets' tab and choose the cryptocurrency you wish to stake, then click 'Staking'
Staking 100 AVAX on CoinSpot Earn.

Coinspots Staking Terms & Conditions

Users staking rewards will be calculated at 12 AM AEDT and is credited to your wallet every day after 10 AM AEDT. If users wish to trade with their staked cryptocurrencies, you will first need to un-stake your crypto. Staking APY rates are estimated and can fluctuate or change without notice due to the market condition. Staking is subject to the volatility of the cryptocurrency, if you would like to learn more, please refer to CoinSpots Terms of Use.

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Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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