Users will not be able to open new Cardano (ADA) or Tron (TRX) positions starting on December 26, 2021. Additionally, staking for those assets will end on December 31, 2021 with the final reward payout going to users on January 15, 2022. These changes are due to business-related considerations in the evolving regulatory environment. Learn More.
What does staking mean?
Staking with eToro is a process that allows users who own and hold supported cryptoassets to earn more crypto – just for holding them. eToro executes the staking process on behalf of its users. Rewards are earned in the same cryptoasset that was staked, kind of like earning interest. This means if you stake ADA, you’ll be earning your rewards in ADA.
See “What is Staking?” in the FAQ below.
Staking With eToro – How You Benefit
Staking with eToro is simple, secure and hassle-free. Staking rewards are paid out to users every month in the supported cryptoasset, with no action at all required on the user’s part.
The staked cryptoassets remain the property of the eToro users; in turn, eToro users entrust eToro to execute the entire staking procedure for them, securely and effectively.
eToro takes great care to protect our users’ cryptoassets against exposure to any additional risks, sparing them the hassle and complication of staking on their own. In return, eToro retains a small percentage of the yield to cover the various operational, technical, and legal costs involved.
Supported Cryptoassets and Staking Rewards
|Cryptoasset||Reward percentage of the monthly staking yield, per level||Cryptoasset intro days|
|Bronze members||Silver, Gold, Platinum Club members||Diamond, Platinum+ Club members|
|Cardano (ADA)||75%||85%||90%||9 staking intro days (rewards begin on 10th day of holding)|
|Tron (TRX)||75%||85%||90%||7 staking intro days (reward begin on 8th day of holding)|
Who can receive staking rewards?
eToro users are eligible to receive staking rewards if they hold any of the supported cryptoassets on eToro USA LLC. The positions need to have been open for a certain number of days, which varies according to the blockchain network of the cryptoasset in question, as presented in the table above.
Note: Staking on eToro does not currently include cryptoassets held using copy trading or copy portfolio positions.
eToro prides itself on being consistently transparent towards its users. It is therefore essential that we explain precisely how we calculate the monthly entitlement regarding the distribution of rewards for all users.
- A daily snapshot of each user’s holdings is taken each day at 00:00 GMT. This shows each user’s eligible staking units for all of their open positions.
See “What are the eligible staking units?” in the FAQ below.
- At the end of each month, the total of all the month’s snapshots is divided according to the number of days in the month, producing an average daily amount.
- The average daily amount is the basic amount on which the calculations are made to get the individual user’s monthly reward. The monthly yield percentage per cryptoasset (see FAQ) is calculated. The applicable rate percentage (see table above) is then added to the calculation.
The amount of a reward must be of a value that is no less than 1.00 USD.
See “How is the monthly yield per cryptoasset calculated?” in the FAQ below.
Note: Staking on eToro does not include cryptoassets held using copy trading or copy portfolio positions.
How does it work?
What is staking?
Does eToro support staking?
What coins are supported?
Do I receive the entire staking amount?
Why does eToro keep a percentage of the staking reward amount?
Why aren't all coins supported on the eToro platform receiving staking?
When will I receive my staking reward in my account?
How long do I have to be holding the coins to receive the staking?
Does staking apply to coins held in the eToro trading platform, Wallet and the Exchange?
How are rewards shared with users?
Do users need to do anything to be eligible for staking rewards?
In which currency will eToro clients receive their reward?
How does eToro calculate the eligibility of a reward (formula)?
What is the minimum amount you can earn from staking on eToro?
Is staking profitable?
Is staking crypto safe?
Can you stake Bitcoin?
Which coins can I stake?
How do you start staking a crypto on eToro?
What are the eligible staking units?
How is the monthly yield per cryptoasset calculated?
Does the crypto earned from staking compound (like with compound interest)?