Coinhouse offers you the possibility to generate rewards through Staking: a process that allows you to provide your funds to the network to validate transactions, in exchange for crypto rewards.
The crypto assets concerned by staking are those based on the proof-of-stake consensus where “mining” does not exist.
To learn more about proof of stake or "Proof of Stake", feel free to check our article on the subject 👈🏻
What crypto assets are available?
Coinhouse gives you the opportunity to generate profits by staking:
- Ethereum (ETH)
- Solana (SOL)
- Polkadot (DOT)
- Avalanche (AVAX)
- Tezos (XTZ)
- Cardano (ADA)
- Polygon (MATIC)
- Cosmos (ATOM)
- Near Protocol (NEAR)
How does it work exactly?
To stake your cryptos, we invite you to follow these steps:
- Go to your new section: Yield.
- In the list of available cryptos, click on "stake" or "buy" if you don't yet own the crypto to stake.
- Enter the amount you want to stake.
- Read carefully the risks associated with Staking before confirming.
- Click on "Stake".
Is the withdrawal of my staked cryptos instant?
Staking mechanisms are generally defined by the crypto asset protocols themselves. Each staking mechanism has a lock-up period (or "lock-up period") before the funds can be released.
- Lock-up period: Coinhouse will respect this lock-up period proposed by the protocol during which no reward will be paid and your funds remain securely stored.
- Warm-up period: Note that some protocols require a warm-up period (or "warm-up period") before the first rewards are paid. In good faith, Coinhouse will still pay rewards during this warm-up period.
Why stake my cryptos with Coinhouse?
Staking has become over the years a highly valued tool among crypto investors. The ability to generate rewards attracts many, but it can still present complexity that discourages some.
Indeed, deploying a validator on your own, which requires maintenance management, presents numerous constraints such as technological barriers, financial costs, continuous hardware maintenance, or updates.
Specialized players therefore offer investors staking solutions without all these burdensome layers.
Coinhouse logically finds you the right balance between risk and reward. As you can see, we do not offer exorbitant interest rates that would put your cryptos at risk by taking excessive risks.
Additionally, apart from the risks detailed below, we are committed to considering all other potential risks that may arise.
What are the risks associated with Staking?
Legal & regulatory risk: As Staking is a relatively new product, the government may legislate on Staking, especially regarding regulatory, tax, or administrative requirements.
Technological Risk:
Just like the crypto-assets you own, the mechanisms used for Staking may experience malfunctions, bugs, or unexpected behavior.
Reward Volatility Risk:
You make your crypto-assets available, and in return, their underlying protocol provides rewards that we pass on to you. However, these rewards may sometimes fail to be transmitted to us, which can consequently impact the rewards distributed to you.
What are the yield rates per crypto?
To view the specific yield rates for each crypto, please visit our dedicated page: Yield Rates per Crypto.
If you have any further questions, we are at your disposal !
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Contact us by phone 👉 +33 1 82 88 29 51