Staking cryptocurrencies is a great way to diversify your portfolio and hedge risks. AlgoTrade has carved a niche for itself in it's staking pool.

Our soft-staking program allows you to easily generate rewards by simply holding your digital tokens on AlgoTrade. Staking rewards can be as high as 10%* for supported Digital Tokens.

A newer consensus mechanism called Proof of Stake has emerged — with the idea of increasing speed and efficiency while lowering fees. A major way Proof of Stake reduces costs is by not requiring all those miners to churn through math problems, which is an energy-intensive process. Instead, transactions are validated by people who are literally invested in the blockchain via staking.

What are the benefits of cryptocurrency staking?

  • Staking has the added benefit of contributing to the security and efficiency of the blockchain projects you support

  • By staking your funds, you make the blockchain more resistant to attacks and strengthen its ability to process transactions.

  • The network chooses validators (as they’re usually known) based on the size of their stake and the length of time they’ve held it. So the most invested participants are rewarded,

  • Many long-term crypto holders look at staking as a way of making their assets work for them by generating rewards, rather than collecting dust in their crypto wallets.

The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.

Staking is only possible via the proof-of-stake consensus mechanism, which is a specific method used by certain blockchains to select honest participants and verify new blocks of data being added to the network.

By forcing these network participants – known as validators or stakers” – to purchase and lock away a certain amount of tokens, it makes it unattractive to act dishonestly in the network. If the blockchain was corrupted in any way through malicious activity, the native token associated with it would likely plummet in price, and the perpetrator(s) would stand to lose money.

staking is only possible with cryptocurrencies linked to blockchains that use the proof-of-stake consensus mechanism.

  • Ethereum

  • Cardano

  • Solana

  • Polkadot

  • Luna

  • Avalanche

  • Tezos

  • Chainlink

  • EOS

  • Cosmos