Staking your cryptocurrency on Coinsquare has never been easier! With our straightforward interface and user-friendly tools, you can start earning rewards from your staked crypto in just a few steps. Follow this step-by-step guide to stake on Coinsquare.
Step 1: Navigate to the Staking Dashboard
From the main screen of your Coinsquare account, click on the 'Staking' tab located at the bottom menu.
Step 2: Select Your Asset
Choose the asset you already own and want to stake - in this case, Ethereum (ETH). If you don't currently own the crypto you are trying to stake, navigate back to the 'Trading' tab to purchase some.
Step 3: Choose Your Stake Amount
Decide how much crypto you'd like to stake. You can manually input the amount or use the quick buttons to stake 25%, 50%, 75%, or 100% of your available balance.
Step 4: Confirm Your Staking Transaction
Take a moment to review and understand the staking terms, including the Estimated Rewards Rate, Bonding Period, Payout Frequency, Unbonding Period, and whether the rewards are Auto-compounded or not. Once you're comfortable with the terms, confirm your staking transaction.
Step 5: Enjoy Your Staked Crypto!
Congratulations! Your crypto is now being staked on Coinsquare. Remember to check back on the staking dashboard regularly to see the rewards you've earned.
With these simple steps, you can easily stake your crypto and start earning rewards!
*Please note that these images are for illustrative purposes only. Staking terms are subject to change.
How to Unstake My Crypto
Alternatively, if you wish to unstake your crypto, you can do so by following these steps:
Step 1: Navigate to the Staking Dashboard
From the main screen of your Coinsquare account, click on the 'Staking' tab located at the bottom menu.
Step 2: Select Your Asset
Choose the asset you are currently staking and would like to unstake.
Step 3: Find the Unstake Button
Scroll down to find the “Unstake” button (beside the "Buy" button).
Step 4: Confirm the Unstaking Amount
Enter the amount you wish to unstake and then click the “Unstake” button to complete the process.