eToro users can now get monthly staking rewards on Cardano (ADA) and TRON (TRX), with the first wave of staking rewards to be distributed in November.
eToro users can now benefit just from owning ADA and TRX. With eToro’s new dedicated staking service, users enjoy simple, secure and hassle-free growth on their cryptoasset investment.
What does staking mean?
Staking with eToro is a process that allows users who own and hold supported cryptoassets to earn rewards — just for holding them. eToro executes the staking process on behalf of its users. The rewards are more of these cryptoassets, which means that users grow their cryptoasset holdings, using a similar mechanism to the way in which a person can earn interest on money.
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 ADA and/or TRX respectively, with no action at all required on their 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.
Who can receive staking rewards?
Users on eToro USA LLC, eToro (UK) Ltd., or eToro (Europe) Ltd. are eligible to receive staking rewards if they hold any of the supported cryptoassets. 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.
To get started, all eToro users need to do is simply buy Cardano and/or TRON on eToro.
Note: eToro offers users the ability to waive their right to receive staking rewards on eToro. Users simply need to open a ticket to Customer Service, and they will be sent a waiver form to sign.
Disclaimer: Buying Cryptoassets is unregulated in most EU countries and, therefore, is not supervised by the EU regulatory framework and carries no EU protections. Your capital is at risk.