Staking is the simplest way to earn passive rewards on selected cryptocurrencies.
What is staking on VALR Exchange?
Staking on VALR Exchange allows you to earn rewards by holding certain cryptocurrencies in your VALR wallet. It is a way to passively generate additional rewards at a competitive APR (annual percentage rate) on your crypto investments.
Which cryptocurrencies can be staked on VALR Exchange?
Currently, VALR Exchange supports staking for the following cryptocurrencies: Solana (SOL), Avalanche (AVAX) and TRON (TRX). Please note that the available staking options may change over time.
How do I stake my cryptocurrencies on VALR Exchange?
VALR Website
- Sign up and create an account on VALR if you haven’t already.
- Complete the necessary verification process.
- Login to your VALR account.
- Click on Staking on the menu bar at the top of the page.
- Click on the Stake button next to the Crypto you wish to stake. If you do not have the balance, you can click on the Buy option and buy the crypto instantly.
- Enter the amount and click on Stake.
- The balance will be deducted from your account and staked instantly.
VALR App
- Sign up and create an account on VALR if you haven’t already.
- Complete the necessary verification process.
- Login to your VALR account.
- Click on Staking on the Home page.
- Click on the Stake button next to the Crypto you wish to stake
- Enter the amount and click on Stake.
- The balance will be deducted from your account and staked instantly.
Staking Rewards and History:
- The estimated APR (annual percentage rate) of crypto will be visible on the Staking screen.
- You can view the Staking Rewards and History on the Staking home page.
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The staking rewards are distributed hourly and will be allocated to your VALR spot account.
Unstaking of Crypto:
- You can unstake your crypto at any point in time instantly without any lock-in period by clicking on the Unstake button.
- Once the crypto is unstaked it will be visible in your Spot wallet right away.
Frequently Asked Questions:
What are the rewards for staking on VALR Exchange?
The specific rewards for staking on VALR Exchange depend on the cryptocurrency you stake. The rewards are given in the form of additional tokens of the staked cryptocurrency. The exact reward rates may vary and are determined by factors such as network conditions and market demand.The staking rewards are distributed hourly and will be allocated to your VALR spot account.
Are staking rewards guaranteed?
Rewards for staking are not guaranteed. The indicated rewards percentage is an estimation only and may differ from the real rewards received by VALR from the supported digital asset protocol.
What happens to my assets while staked on the VALR Exchange?
When you opt in for staking, the staked assets are transferred into a separate account managed by VALR on your behalf. The rights, title and ownership of staked assets still remain with the account holder.
Are there any risks associated with staking on VALR Exchange?
Staking involves certain risks that account holders should be aware of. These risks include, but are not limited to market volatility, liquidity concerns, reliance on external validators, varying rewards frequency and the absence of guarantees regarding the on-chain staking services. It's important to do your own research and assess the risks before participating in staking activities.
- Potential loss of staked funds due to network attacks or vulnerabilities.
- Fluctuations in the value of the staked cryptocurrency.
- Changes in the staking rewards or fees.
- Technical issues or downtime on the VALR Exchange platform.
The unstaking process typically involves a waiting period before you can access your funds, which can vary depending on the specific cryptocurrency and network. However, on VALR you can unstake your crypto almost instantly at any time.
How often are staking rewards distributed?
Staking rewards on VALR are allocated hourly, based on an annual percentage rate.
What is APR?
APR stands for Annual Percentage Rate. It is a representation of the annualized interest rate or reward rate on an investment or staking activity.
How is APR calculated?
APR is calculated by multiplying the periodic interest rate (reward rate) by the number of periods in a year. For example, if the reward rate is given on a monthly basis, you would multiply it by 12 to obtain the APR.
What does it mean if rewards are allocated hourly but the APR is based on an annual percentage?
When rewards are allocated hourly, it means that you will receive rewards every hour based on your staked assets. However, the APR is still calculated based on the annual percentage to provide a standardized measure for comparing returns across different platforms and investments. The hourly reward allocation allows you to see more frequent updates on your earnings, while the APR reflects the annualized rate based on the current reward rate.
Can I stake multiple cryptocurrencies simultaneously on VALR Exchange?
Yes, you can stake multiple cryptocurrencies simultaneously on VALR Exchange. Simply follow the staking process for each individual cryptocurrency you wish to stake.
Can I trade or sell my staked cryptocurrencies on VALR Exchange?
Yes, you can trade or sell your staked cryptocurrencies on VALR Exchange. There is no lock-up period and your assets will become available immediately upon unstaking.
It is important to note that in rare instances, unstaking your cryptocurrencies may involve a waiting period before you can access and transfer them. During this period, you may not be able to trade or sell the staked amount.*
Do I maintain control over my staked cryptocurrencies on VALR Exchange?
Yes, you maintain control over your staked cryptocurrencies on VALR Exchange. Your staked funds remain in your VALR wallet, and you can manage them as you would with any other funds in your wallet.
What happens to my staked funds if VALR Exchange discontinues staking services?
In the event that VALR Exchange discontinues staking services for a particular cryptocurrency, you will typically be able to unstake your funds and withdraw them from your VALR wallet. VALR Exchange would provide instructions and a suitable timeframe to ensure a smooth transition for its users.
Where does the staking yield (APR) come from?
The staking yield (APR) is derived directly from the blockchain network, eliminating the need for any external entities and safeguarding customer funds. VALR does not engage in lending customer funds to generate the staking yield.