Coinmerce Staking and Earn are the ways to get ‘interest’ on your crypto coins and tokens. With staking and earn, it is possible to generate passive income at Coinmerce. The interest manifests itself in rewards in the crypto you are staking or where earn is activated. For example, if you stake Cardano (ADA) you receive Cardano (ADA). This creates an ‘interest-on-interest’ compound effect that increases your rewards at the exchange. The rewards are made possible by on-chain staking via the Proof-of-Stake (Pos) consensus on the blockchain. Not all blockchains work with this consensus which limits the number of coins that can be staked. The fact that a crypto has a Proof-of-Stake consensus does not automatically ensure that you can stake it. The exchange must also support the crypto in question. With Earn, you make your crypto available through Coinmerce to traders who borrow it from you to trade. For making your crypto available, you receive a reward in the form of interest. These do not need to be PoS crypto that pay out via on-chain rewards, but pay out via off-chain rewards. Below we do not further distinguish between the services and call it in general staking.
On this page we will take you through all the ins and outs about what you need to know about Coinmerce staking. You know and can do the following, when you have taken this page through:
Getting crypto by leaving crypto in the wallet. Sounds like too good to be true, yet it is possible with over 25 different crypto’s on Coinmerce’s trading platform. From Algorand (ALGO), ApeCoin (APE) to Verasity (VRA) and Zilliqa (ZIL), you can flexibly stake and annually receive from 0.09% to as much as 10.00% ‘interest’ in crypto rewards. The rewards are paid out on a weekly basis. When you enable Coinmerce staking, which is easy to do, you will get insight into all the details related to staking. Think of period, number of crypto, rewards, percentage, etc. When you want to sell or withdraw the crypto you’re staking, you only have to stop the service. This is because there is no lock-up period in which your crypto is fixed. So you have access to it at any time. You can read more about this exchange on our Coinmerce review page.
|Coins and tokens:||28|
|Via web and app:||Yes|
|Max. reward p/y:||10.00%|
|Min. reward p/y:||0.09%|
Coinmerce staking only works with crypto coins and tokens that they offer for the service. By simply leaving your crypto in the wallet and enabling staking, you are rewarded for contributing to the security of the protocol (on-chain) and usage of the tradingplatform (off-chain), among other things. Bitcoin has a Proof-of-Work (PoW) consensus, which means you cannot stake bitcoin, but you are able to get rewards through Earn. Well-known crypto with a Proof-of-Stake (Pos) consensus are Cardano (ADA), Solana (SOL), Tezos (XTZ) and many others that have to staked through staking. The fact that a crypto is built with this consensus does not automatically mean that you can also stake it at the exchange. The crypto in question must first be offered and, in addition, it must be supported to start staking.
If you have bought or deposited crypto that is eligible for staking, you can start staking by enabling it. Enabling can be done through the website and the app. When you enable staking you commit into a flexible agreement, where you are rewarded for holding the crypto in your wallet. Flexible means that you can access your crypto at any time. So there is no lock-up period. You can deposit, withdraw and trade the crypto in question at any time. Just make sure you stop staking before you want to withdraw or sell.
Today, there are more than a thousand different crypto coins and tokens that you can stake at different exchanges and brokers. Whether a crypto is stakeable depends on whether it is offered at the provider or not. At Coinmerce staking, the service is supported for 28 different crypto at the time of writing. The exchange will be adding more coins and tokens to its service with regularity. Currently, only the following are eligible for staking:
How much can I receive in staking rewards? Rewards are determined using annual estimated percentages, with returns being the earnings. So you can speak of staking percentages, staking rewards and staking returns. All correct, but mean slightly different. The rewards are paid out weekly, but on which day differs per crypto. Also, the minimum deposit varies. Hereby the Coinmerce staking rewards in percentages:
|Binance USD (BUSD)||2.00%|
|Injective Protocol (INJ)||0.16%|
|LTO Network (LTO)||0.09%|
|The Graph (GRT)||1.00%|
Note: all information regarding staking the crypto in question and its rewards is only visible when you own the crypto itself and have it in staking.
Notice! Coinmerce reserves the right to change the staking percentages and minimum deposit. Does this provider offer low staking percentages? Then use the staking services at Bitvavo.
Do you have an account and want to enable staking through the website? Then follow the process step by step to earn ‘interest’ on your crypto purchased or deposited at Coinmerce. In our example, we used Cardano (ADA):
1. Open the website;
2. Log in to your account;
3. Then click on ‘Wallets’ at the top. In your wallet, you will see crypto that you can stake through a gray status bar with ‘Not staking’;
4. Then click on the three dots behind the crypto in question and click on ‘Start staking’ at the bottom.
Then follows a summary of the ‘agreement’ with amount in euros and the number of crypto you want to stake.
5. Read through it and press the blue button marked ‘Stake’ to turn it on;
6. A notification will follow on your screen that staking has started after which rewards will be paid out weekly;
7. Back in your wallet, you will see that the gray status bar with ‘Not Staking’ has been updated to a blue bar with ‘Staking’.
If you are more active on the app, then you can also enable staking via Coinmerce’s app. This is just as easy and visually looks the same as enabling via the web. Go through the following process step by step to receive rewards by staking the crypto. Again, we used Cardano (ADA) as an example:
1. Open the app on mobile or tablet;
2. Log in to your account with PIN;
3. In the menu, press the crypto to be staked in ‘My Wallets’. Near the crypto you will see a gray status bar. This means that staking is not active;
4. Then swipe to the center of the screen to the ‘Proof of Stake’ topic.
5. Press ‘Start’ and an overview of the ‘agreement’ follows with annual rewards, payout, number of crypto and value in Euros;
6. Read through it and press the blue button marked ‘Stake’ to turn it on;
7. A notification will follow on your screen that staking has started after which rewards will be paid out weekly;
8. Back in your wallet, you’ll see that the gray status bar has been updated to a blue bar.
After staking is enabled for the crypto in question, the dashboard is updated with staking details. These details are displayed in an overview both via web and app when you click or press on the crypto. In this overview you will find the estimated annual rewards in percentages, minimum deposit to stake, status, number of staking days, rewards earned, when the next reward will be paid out and the history of payouts.
How easily you can enable staking, you can also just as easily stop it. Stopping is necessary when you want to sell or withdraw the crypto in staking. Your weekly rewards will then stop. You can restart staking at your convenience. The following steps apply to both web and app:
1. Go to the menu of the crypto;
2. Scroll or swipe down to the staking details;
3. Click or press the gray button with ‘Stop Staking’.
4. A screen will then follow with information about the period and stopping the staking service;
5. Check these and press ‘Stop Staking’.
In general, investing is not risk-free. Same as with investing in crypto. The rate of the crypto you bought will determine whether you make a profit or a loss. If you engage in Coinmerce staking, the price of the crypto in question will also determine whether the staking is profitable. If the price drops more than the percentage of the reward, you will still suffer a loss. It will only hurt less, because you have more of the crypto ‘for free’ than when you bought it. On the other hand, if the price of the crypto in question rises, the return will than be much higher if you didn’t stake. So you are a thief of your own wallet if you would not use the staking service.
The exchange offers staking and earn for 28 different crypto. These are Algorand (ALGO), ApeCoin (APE), Audius (AUDIO), Avalanche (AVAX), Binance USD (BUSD), Bitcoin (BTC), Cardano (ADA), COSMOS (ATOM), Ethereum (ETH), Flow (FLOW), Injective Protocol (INJ), Kava (KAVA), Kusama (KSM), LTO Network (LTO), Mina (MINA), MultiverseX (EGLD), Near (NEAR), Polkadot (DOT), Polygon (MATIC), Ripple (XRP), Secret (SRCT), Solana (SOL), Tether (USDT), Tezos (XTZ), The Graph (GRT), TRON (TRX), Verasity (VRA) en Zilliqa (ZIL). More coins will be added in the future.
The number of percent ‘interest’ in rewards ranges from 0.09% to 10.00% per year, depending on which crypto you want to stake. Rewards are calculated and paid out weekly.
At this provider you commit to a flexible staking term. This means that there is no lock-up period and you can access your crypto at any time. You do have to stop staking for this, before you can sell and withdraw.
Coinmerce pays out the rewards on a weekly basis. Which day that is can be found in the staking overview which can be found in the dashboard of the crypto.
The exchange supports Proof-of-Stake (Pos) consensus crypto for staking (on-chain) and crypto supported by the Earn service (off-chain). Bitcoin has a Proof-of-Work (PoW) consensus that can be earned off-chain through the Earn service with an annual reward of 0.23%.
Ethereum transitioned from a Proof-of-Work (PoW) consensus blockchain to a Proof-of-Stake (PoS) consensus in 2022 and can therefore be staked at Coinmerce. Ethereum’s annual reward is currently 0.20%.
Besides being able to stake Ethereuem (ETH) among others, the service is also offered for Cardano (ADA). You can stake Cardano at any time with a annual reward of 1.50%.
Besides crypto, whose price fluctuates, there are also crypto where the price remains stable, called stablecoins. Coinmerce offers among these stablecoins Binance (BUSD) and Tether (USDT) which you can also earn through the staking service. Binance USD (BUSD) has an annual reward of 2.00% and Tether (USDT) also 2.00%.