With Bitvavo staking, you have the opportunity to earn interest on your crypto coins and token in the form of rewards. A passive income as it were. The rewards come from flexible off-chain and on-chain (blockchain) staking services, where you receive a percentage reward in the crypto you have on staking. For example, if you have 1000 Cardano (ADA) in your wallet with a 2.75% reward per year, you will receive 27.5 Cardano (ADA) for the Bitvavo staking service. The interesting thing about staking is the compound interest that accumulates as revenue. Suppose you receive 2,75 ADA as a reward per week, then that 2.75 ADA is added to the total number of Cardano you own on which you then also receive interest. Whatever the percentage returns of a crypto is, it is always more than you get on your fiat currency at your bank!
On this page about Bitvavo staking, we would like to tell you all about the staking options at this crypto exchange. Whether you’re new or already somewhat experienced in the crypto market, it’s logic that you have questions. That’s what CoinCompare is for, also. After reading this info page you will know and be able to do the following:
Staking crypto at Bitvavo is an easy and accessible process. You have a choice of 24 crypto coins and tokens that are both off- and on-chain to stake, including Bitcoin (BTC) and Cardano (ADA). Annual staking rewards range from 0.49% to 15%, depending on which crypto you want to staking. Bitvavo offers a flexible turnover which means the crypto you put in staking are available for sale and withdrawal at all times. The exchange does not offer locked staking where you receive higher returns than flexible staking. If you intend to get rich during sleep by generating passive income with staking, you will need to invest heavily to achieve that! That is out of reach for 99% of people.
Note that staking crypto does not automatically generate profits! You are at risk if the price of a crypto you have in staking falls below your purchase price, then you may theoretically suffer a loss as the staking rewards can’t compensate that loss. Of course, the loss is only made when you sell the purchased crypto for a lower price. So the risk remains limited with staking.
|Via web and app:||Yes|
|Highest reward:||Axie Infinity (AXS)|
|Max. return p/y:||±15%|
|Min. return p/y:||±0.49%|
Bitvavo staking service is one with a flexible timing. You decide when to turn the staking functionality on or off and thus have access to your crypto and rewards at all times! You always remain the owner of your crypto and can withdraw it at any time. There are two ways how the staking service is offered. It depends on the type of consensus of the blockchain of the crypto. The staking services that Bitvavo supports are:
Off-chain staking offers the possibility to receive rewards in crypto by making your purchased or sent crypto available through your wallet. Bitvavo then lends out your crypto at a higher interest rate for which you are then rewarded. Think of it as lending money that you get interest on. However, lending rarely happens due to the volatility of the market. It is more common for Bitvavo to reward you in staking rewards for using the platform. Crypto’s that support off-chain staking at Bitvavo staking have a Proof-of-Work (PoW) consensus. These are crypto like e.g. Bitcoin (BTC) and Bitcoin Cash (BCH) and with mostly low staking rewards compared to on-chain staking.
On-chain staking services allow you to receive rewards from a crypto with a Proof-of-Stake (PoS) consensus. By storing your crypto in the Bitvavo wallet and leaving it there you actively contribute to approving transactions, among other things. Approving those transactions is similar to mining with PoW blockchains. When you leave your crypto in your wallet, you receive Bitvavo staking rewards that are often higher than the off-chain staking rewards. On-chain staking is also more common, because the rewards come from the crypto project itself and not from the exchange or broker. Crypto that support on-chain staking on the trading platform include Ethereum (ETH), Cardano (ADA), Sui (SUI), Axie Infinity (AXS) and more.
There are perhaps thousands of crypto coins and tokens that you can stake. It depends on the exchange and broker whether it offers those crypto and whether they supports staking itself. At the time of writing, there are 24 crypto at Bitvavo where it is possible to earn rewards through the staking service. It is no longer possible to stake Chainlink (LINK), Dai (DAI), Litecoin (LTC) and Tether (USDT) at the exchange. These have been excluded from service and it is not known if they will be added again. Below are all the crypto you are able stake at the exchange, including annual rewards in percentages:
Overview updated July 28, 2023
Note! This exchange reserves the right to change the staking percentages. Changing them can have several reasons. Think about changes in the crypto’s blockchain, interest in the crypto, type of staking, etc. Latest updates are dated from July 2023. If you believe that Bitvavo offers low staking rewards or too little crypto to stake, you can use other exchanges and brokers like Coinmerce, BLOX and BCM. Or if you want to know more about this exchange you can also check out our review.
Out of all the exchange offerings that you can stake, the gaming crypto Axie Infinity (AXIE) is the one that earns you the most interest annually. It is even the crypto with the highest reward of all crypto providers in the Netherlands. When you have Axie Infinity (AXIE) in your Bitvavo wallet and activate staking you will receive 15% in staking rewards annually! The crypto with the second highest reward is COSMOS (ATOM) with an annual reward of 8%. After that you have the choice of Kusama (KSM) with an annual reward of 7%. With all of these cryptos, you receive rewards via on-chain staking by doing your part to help secure the network by leaving the crypto in your wallet.
When you enable Bitvavo staking, remember the following; Bitvavo is not a bank and is not regulated as a bank or similar banking institution. Staking is not part of any national or European deposit guarantee scheme and is not insured in any way. You are only entitled to use the staking services with the crypto you initially purchased or sent to your wallet with the intention of trading them on the exchange’s trading platform.
In order for you to be eligible to use the Bitvavo staking service, you must meet these four criteria:
If it is already enabled, then you will automatically qualify for the staking rewards when you buy the supported crypto or send it to your wallet. To check if it’s enabled you first need to log in via the website or app. We have described how to log in to Bitvavo via web and app in our dedicated login page.
Are you registered, logged in via web browser and already have stakeable crypto in your wallet? Then it’s time to check if the staking service is enabled. From the dashboard, take the following five steps:
1. Click on your account name in the top right corner which will open a menu.
2. Then click on “Settings”. You’ll immediately see whether it is enabled or not.
3. To enable, click “Enable staking,” and a new page will open.
4. Click “Select an option…” and then “Enable” and then “Continue”.
5. Staking rewards preference is now set. Click “Continue” to return to your account.
To check if staking is enabled through the app, you must not only be registered but also have the Bitvavo app operational. You can read more about that in our dedicated app page. The process to check if staking is enabled in the app and to enable it if it is not, is easier than through the web browser.
1. Open the app and login.
2. Go to your account by pressing the little figure in the upper right corner.
3. Then press “Staking” under “Account settings.”
4. At the staking notification, press “Continue”.
5a. Is the “Staking status” “Enabled” or “Disabled”? If “Enabled”, then no action is needed.
5b. If “Disabled,” read through the risks and mark “I understand and am…” and press “Enable staking.”
6. If everything went well through the app, staking is now enabled. Press “My wallet” to return to the main menu.
If you want to sell or withdraw the crypto you have on staking, you can also stop the staking. After all, Bitvavo’s staking service is flexible. Go through the process from above again, but instead of selecting the ‘Enable’ option, select ‘Disable’. Your crypto including the rewards will be available for sale and withdrawal at any time. You may still receive rewards if, for example, you turned off the staking on a Thursday. The staking rewards of Tuesday and Wednesday will be paid out on the Monday after disabling it.
The most important thing to know is what you will receive in Bitvavo staking percentages per crypto. Before we show where that can be done, it’s good to know that Bitvavo staking rewards are calculated daily and paid out every Monday. Gaining insight into the annual returns, based on the current daily returns, can only be done via the web browser. The app is somewhat limited in this regard. Take the following steps from the dashboard, after logging in, to gain insight into the estimated returns:
1. Click above on “Staking” after which the staking overview appears.
3. The overview below shows the estimated returns for each crypto. This overview is not live and may differ from the percentages shown in your dashboard.
If you click on one of the crypto in the overview, you will be shown the complete staking overview of the specific crypto with the following topics:
In general, staking at Bitvavo only offers advantages. You have the opportunity to put your crypto to work if you don’t do anything with it in the short term. Passive crypto earning! Below are all the pros and cons:
Staking at Bitvavo means that you get ‘interest’ on the coins you leave in your wallet. Staking can be done via off-chain where you get rewards for using the trading platform and via on-chain where you are rewarded for securing the network. When you buy coins from Bitvavo, enable staking and leave the crypto you get more crypto. So you don’t receive money as interest, but the crypto in question.
Bitvavo offers off- and on-chain staking services for every user, as long as the user has the intention to trade on the platform.
With off-chain staking, you earn rewards from Bitvavo for making your crypto available through your account. Bitvavo lends out the crypto for a higher interest rate which you are then rewarded for. But mainly with off-chain staking Bitvavo will reward you for using the trading platform. Off-chain crypto include Bitcoin (BTC), Bitcoin Cash (BCH) and many more.
On-chain staking offers you the opportunity to receive rewards for actively contributing to approving transactions and voting for protocol changes. All on-chain staking services happen on a Proof-of-Stake (PoS) blockchain. These include cryptos like Axie Infinity (AXS), Cardano (ADA), Cosmos (ATOM), Tron (TRX), Waves (WAVES) and many more.
Currently, you can stake the following 20 cryptocurrencies at Bitvavo: Ark (ARK), Axie Infinity (AXS), Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), COSMOS (ATOM), Ethereum (ETH), ICON (ICX), Komodo (KMD), Kusama (KSM), LTO Network (LTO), Near (NEAR), NEO (NEO), Ontology (ONT), Solana (SOL), Sui (SUI), Terra (LUNA), Terra Classic (LUNC), Tezos (XTZ), The Graph (GRT), TRON (TRX), USD Coin (USDC), VeChain (VET) and Waves (WAVES).
How much percent in rewards you receive depends on which crypto you buy or deposit at Bitvavo. Annual percentage rewards range from 0.49% to 15%.
At Bitvavo, currently the gaming crypto Axie Infinity (AXIE) is the crypto with the highest annual rewards. If you have it in your wallet and the staking option enabled then you will receive 15% interest annually.
With Bitvavo staking you have access to your crypto at all times. This is because the staking service is flexible and therefore has no fixed term wherein you must make your crypto available.
Bitvavo calculates all the rewards daily and pays them out every Monday. You can find the progress of staking in the dashboard of the ‘Staking Overview’.
When you own Bitcoin (BTC) in your wallet you have the option to stake it off-chain. Just make sure you enable the staking service to make use of it.
When you own Ethereum (ETH) in your wallet, by buying or depositing it, you have the option to stake it on-chain. Just make sure you enable the staking service to take advantage of it.
If you own Cardano (ADA) in your wallet, by buying or depositing it, you have the option to stake it on-chain. Just make sure you enable the staking service to take advantage of it.
Unfortunately, it is no longer possible to stake Tether (USDT) at Bitvavo. Whether the option for this Proof-of-Stake stablecoin will return is not known.
Besides Bitvavo, there are three other crypto exchanges and brokers where you can stake crypto. These are Coinmerce, BLOX and BCM. Do your due diligence for which provider suits you best.