News • 3 min read
Staking is one of the most requested features by the Bitpanda community - and it’s coming soon! Bitpanda Staking will give our investors the possibility to earn rewards on various crypto-assets. Stay tuned for updates and read on to discover what staking is really about.
Whether you’re a crypto newbie or a seasoned investor, you’ve probably heard the term ‘staking’ being thrown around and described as a fundamental feature in the future of cryptocurrency - so what’s staking all about?
In order to confirm that a Proof of Stake (PoS) blockchain is secure and decentralised, certain participants on that network commit or “stake” their crypto-assets to validate or to support the validation of transactions and ensure the system is working optimally.
Staking provides an opportunity for these participants or “validators and delegators” to earn rewards by locking their coins into cryptocurrency wallets to verify network transactions on a PoS blockchain. This means holders of a select range of coins will be able to stake them directly on Bitpanda and potentially earn extra income.
Staking can be a highly-profitable* way to earn interest on your crypto portfolio and provide a high yield extra income source. With Bitpanda, the process is simple, giving you the opportunity to let your portfolio work for you.
Although the security of the PoS blockchain might not be at the top of your list, it’s vital for preserving a network’s effectiveness and the protection of its users, which also includes you.
Proof of Stake (PoS) blockchains are considered to be a better option for the environment, as staking rewards participants for verifying transactions based on their stake in the network - as opposed to PoW networks that reward the fastest miners who solve computationally-complex calculations, which ultimately use more energy.
We know that staking is important to you as an active member of our community, so we’re launching it in a couple of weeks. Keep an eye out for the staking announcement and the latest Bitpanda news via our social media channels and the Bitpanda Blog. Also, don’t forget to subscribe to the official Bitpanda YouTube channel for our weekly recaps and even more video content.
Visit the Bitpanda Academy to find out more about staking soon as well as other crypto topics.
Create a free account in minutes using the Bitpanda app for iOS and Android or our web platform and start investing in commission-free fractional stocks**, ETFs**, cryptocurrencies, crypto indices or precious metals, from as little as €1. Join a 3+ million community of investors all over Europe!
Disclaimer - The information shared in this article does not constitute investment advice. Investing carries risks. Make sure to conduct your own research before concluding a transaction.
*Staking allows you to participate in transaction validation on Proof-of-Stake blockchains for which you will be rewarded. Make sure you understand the risks involved before staking any coins. Bitpanda does not guarantee any reward. The 27% maximum reward limit is only possible during the Early Bird 2x Rewards, more info in the T&Cs.
**Stocks and ETFs are underlying assets of the contracts offered as Bitpanda Stocks, brought to you by Bitpanda Financial Services. More information at bitpanda.com.
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Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
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