Total staked in CryptoStake
Annual clients income
The blockchain industry offers many opportunities to profit through investments in digital assets. Despite being a relatively new phenomenon, crypto staking has quickly become one of the most popular methods for generating income from holdings. It began to gain significant traction following the transition of the Ethereum blockchain from the Proof of Work (PoW) to the Proof of Stake (PoS) consensus mechanism during the network upgrade known as The Merge. There are numerous other PoS cryptocurrencies that also boast superb technological features and various staking rewards options, with the best of them accessible through the CryptoStake app.
CryptoStake, headquartered in Switzerland, offers non-custodial cryptocurrency staking services prioritizing simplicity, efficiency, privacy, and security. Our flagship product is a state-of-the-art mobile and desktop application with a crypto staking wallet feature that represents the epitome of these qualities.
Staking crypto involves contributing to the security and functionality of a blockchain by locking up a certain number of tokens and allocating your staking power to a dedicated smart contract or protocol. Cryptocurrency staking can be loosely compared to bank deposits, where one also earns interest on funds entrusted to a financial entity. However, while similar on the surface, crypto staking is inherently more complex, as PoS blockchains utilize different mechanisms for block confirmation, node selection, and reward distribution. Navigating through such complexities requires expertise to avoid losses from network penalties such as slashing.
One of CryptoStake's primary objectives is to simplify the staking process and ensure its ease and intuitiveness across various blockchains. When utilizing the CryptoStake app, users are relieved from the burden of deciphering the nuances between Ethereum validator staking and Polkadot or Solana staking. Instead, they simply select the token or tokens they wish to stake, considering factors like entry threshold, staking duration, and desired yields. With just a few taps on the screen, users seamlessly transition into becoming full-fledged stakers in their chosen blockchain. At CryptoStake, all staking processes are managed seamlessly by our platform, allowing users to simply monitor how crypto staking rewards accumulate in their wallets. In other words, we handle the heavy lifting while users earn crypto.
CryptoStake provides industry-competitive rates or APYs (Annual Percentage Yields) for all cryptocurrencies available for staking within the application. Our policy is to pay out only what the blockchain rewards the stake, minus the fee. All staking rewards are promptly disbursed, accumulated, and securely stored in native utility tokens within our proprietary crypto staking wallet. This approach ensures transparency and fairness in reward distribution while offering users the opportunity to maximize their earnings through staking various cryptocurrencies with ease and confidence.
Apart from being a gateway to the best PoS cryptocurrencies and their blockchains, the app also features a crypto staking wallet boasting an intuitive interface and robust security measures. This wallet is an integral component of CryptoStake's setup, ensuring that staking crypto and receiving rewards are both seamless and secure for all users.
However, the functionality of the CryptoStake wallet extends beyond Proof of Stake cryptocurrencies. It also accommodates the storage and transactions of several popular non-PoS coins, such as Bitcoin (BTC), Litecoin (LTC), and XRP (XRP), among others. This versatility ensures that users can manage a diverse portfolio of digital assets within the same secure and intuitive interface, further enhancing the convenience and utility of the CryptoStake app that you can download now from the website or popular app stores.
Crypto staking in general is a complicated process, but for a lot of crypto users, knowing that staking is a way of earning rewards while holding onto certain cryptocurrencies is the key takeaway. Further in the text, we will try to explain how staking works...