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.
Oops! Something went wrong while submitting the form.
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.
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)
(AXS) Axie Infinity
(EGLD) Elrond Gold
*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.
Sign up to CoinSpot, complete your KYC and the verification process
Visit the 'Deposit AUD' screen and select your desired payment method and deposit the amount of AUD you wish to invest
Click the 'Buy/Sell' tab and choose the cryptocurrency you wish to buy, then input the dollar amount you want to purchase
Go to the 'Wallets' tab and choose the cryptocurrency you wish to stake, then click 'Staking'
Coinspots Staking Terms & Conditions