Supported Staking Crypto
Click on the currency name or icon to view the staking steps.
What Is Staking
Crypto staking is the process of locking up crypto assets for a period to support a blockchain network that utilizes a proof-of-stake (PoS) consensus mechanism. By staking their crypto, stakers contribute to the network’s security and validation process. In return, these stakers are rewarded with additional coins.
Staking presents an opportunity to earn passive income while also promoting network decentralization. However, staked coins are usually locked for a specific period, meaning the stakers cannot be readily accessed or transferred during that time.
How to Stake and Earn Rewards
Why Staking on CoolWallet
Advanced Security for Staying Ahead of Threats
- EAL6+ SE cold-storage protects against hacks and scams
- Encrypted Bluetooth with AES 256 military-grade security
Simplicity at Your Fingertips
- Intuitive interface for easy navigation
- Enjoy true mobility anytime, anywhere
Endless Possibilities in One App
- Simplify your crypto journey with purchase, swap, and staking
Validators & Service Providers
What is Proof-of-Stake?
Proof-of-Stake (PoS) is a consensus mechanism used in blockchain networks to validate and authenticate transactions and create new blocks. It is an alternative to the more traditional Proof-of-Work (PoW) mechanism used in cryptocurrencies like Bitcoin.
In a PoS system, validators are chosen to create new blocks and validate transactions based on the amount of crypto they hold.
What Are Staking Rewards?
Staking rewards are incentives earned by individuals or entities who participate in the process of staking crypto within a blockchain network. Staking rewards can vary significantly depending on the blockchain network, the amount of crypto staked, and the network’s reward distribution mechanism. Users and investors often participate in staking to earn these rewards while contributing to the security and functionality of the blockchain.
Do All Staking Coins Work the Same Way?
No, not all staking coins work the same way. Staking mechanisms and the specific details of how staking works can vary significantly from one blockchain or cryptocurrency to another. Key variations like staking amount, staking duration, reward mechanism, penalties, governance, inflation rate, and network purpose.