Earn up to 10% per year by staking your crypto

FAQ's about Staking

• What is staking?

  Staking is a way to earn rewards in the form of interest on your crypto. You temporarily stake your coins to support the safety and functioning of a blockchain protocol, and in return, you receive periodic rewards.
  
  With Finst, you can stake flexibly without locking your coins. This means that, except in cases of extraordinary market circumstances, you can always sell or withdraw your staked assets without any lock-up or bonding period.

• Which cryptocurrencies are available for staking at Finst?

  Finst supports a broad range of coins available for staking, which can be enabled easily on our platform.. Currently, you can stake Ethereum (ETH), Cardano (ADA), Solana (SOL), Near Protocol (NEAR), Cosmos (ATOM), Polkadot (DOT), and Polygon (POL).
  
  Thanks to our flexible staking service, your coins are never locked. You can withdraw or sell them at anytime without a lock-up period or bonding period.

• How high are the staking rewards at Finst?

  Finst offers some of the highest flexible staking rewards in Europe. With flexible staking, you can earn up to 10% APY (Annual Percentage Yield), depending on the coin you stake. Rewards are calculated daily and distributed weekly to your Finst account.

• What is flexible staking at Finst?

  Flexible staking means no lock-up or bonding period. You don’t have to lock your crypto and can trade or withdraw anytime while earning staking rewards passively.

• How do I start staking at Finst?

  Staking crypto at Finst is very easy. Once you have bought your favorite crypto, you can enable staking in one click directly in your Finst account. From then, you’ll automatically receive staking rewards weekly.

• How are staking rewards calculated?

  Staking rewards are calculated based on the Annual Percentage Yield (APY) displayed on our website and platform. You can view the current interest rates (APY) per coin in your account. Please note that staking APY may vary at anytime and without prior notice based on the rates observed on the market or other market circumstances.
  
  The rewards are calculated daily based on the balance you held on all eligible coins at midnight each day, multiplied by the applicable APY.
  
  If you sell or withdraw a coin, you stop earning rewards from that moment.
  
  You can easily track your previous and upcoming staking rewards in real-time via our staking dashboard. Rewards are calculated daily and distributed every Monday in crypto.

• When do I receive my staking rewards?

  At Finst, you receive staking rewards every Monday. Rewards are automatically re-staked so you can earn compound interest.

• What are the costs of staking crypto with Finst?

  There are no direct costs for staking crypto with Finst, and you can disable staking at anytime without commitment. We only charge a small commission to cover our costs and offer this service to our clients. Our commission is already included in the staking APY displayed on our website and platform. More information about the costs of staking can be found here.

• Is there a minimum amount for staking crypto?

  With Finst, there’s no minimum amount needed to start staking. You can start with any amount.

• What are the risks of staking?

  Just like investing, Staking also involves risk of losses. For example, due to slashing penalties or bugs in the protocol or smart contract. We recommend you to read our Risk Disclosure for more information about the risks of staking.