Have you noticed what is happening in the crypto market and wondered if maybe now is the time to start investing, but at the same time wondered if the frequent ups and downs in price could make investing in crypto too risky? If this sounds like you, you may want to explore crypto staking, an investment strategy that lets you get more from your crypto holdings just by holding your crypto. Staking isn’t affected by the natural swings of the market so you can gain whether the market is gaining or losing.
Crypto stakingthe basics
At its simplest, staking is like mining. Like gold staking of yore, crypto staking is a way to build on value that already existshough not in riverbeds or in mines with pickaxes and heavy machinery, but in the crypto you already hold in your portfolio.
How then do you benefit? Staking is a fundamental part of blockchain operations and supports the network of the token being mined. The benefit or reward proffered by the network is a bonus given for your investment. The reward is not in cash or gold, however. It is a reward extended in addition to the held cryptocurrency. Staking ADA? Your reward is more ADA. At eToro, staking is rewarded in automatic monthly payments depending upon the percentage yield. In this sense, crypto staking is less like gold mining and more like an interest-bearing savings account.
Cardano (ADA) staking
Cardano (ADA) is an open-source blockchain project built on peer-reviewed research. Public and decentralized, it supports smart contracts, and its cryptocurrency is known as ADA. Launched back in 2017 to offer a fast and secure blockchain platform, Cardano’s July 2020 Shelley upgrade was undertaken to enhance the crypto’s commitment to decentralization and autonomy. Another important feature of the move to the Shelley era, especially for ADA tradersthe beginning of staking for ADA.
At first glance, Cardano staking looks like the staking systems of other cryptocurrencieshold and stake the cryptoassets to help the token’s network and get compensated for your participation. However, Cardano is quite different in one crucial aspect. The system, in an effort to make certain there are a sufficient number of node operators within its realm, does not approve solo staking. Thus, to partake in ADA staking, you must choose to set up and facilitate your own ADA staking pool, opening it up to other member investors who entrust their holdings to you, or join another staking pool, delegating your ADA assets to their pool.
Cardano staking without the hassle
If you decide that running or joining someone else’s staking pool is not in your future Cardano (ADA).nor in your best interest how can you reap the benefits of staking Cardano? By trading and holding your ADA on a platform like eToro. Trusted and secure, eToro was one of the first regulated platforms to extend staking for
With eToro’s new staking service, you can earn Cardano rewards automatically every month just by holding your crypto on eToro. Your crypto tokens remain yoursheld in your portfolio like your other investments reaping the rewards of staking without you taking any action whatsoever. Executed entirely, securely and transparently by eToro, your staked Cardano is reaping some of the most generous rewards in the market and is executed with 100% transparency. When you stake crypto on eToro, you will know exactly how your monthly rewards are determined.
Staking TRON on eToro
Cardano is one of two cryptoassets currently supported on eToro TRON (TRX). TRON’s founder Justin Sun said,the other is
“We are thrilled that eToro has chosen TRON as one of the first assets to be offered on their new staking service. Services such as eToro’s new staking service takes the complexity and confusion out of the staking process and makes it accessible to everyone.”
As with Cardano, staking TRON offers users the ability to reap monthly staking rewards just by holding TRON on eToro’s trading platform.
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Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.
All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.