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01. How do I stake on NDAX? (Web and mobile app)

Updated April 4, 2022

Crypto staking is the process of actively participating in transaction validation on a blockchain (similar to mining) through a proof-of-stake (PoS) protocol allowing users to stake their digital assets and earn rewards.

NDAX’s staking model ensures that users can easily stake their Ethereum, Polkadot, and Cardano holdings on NDAX and earn competitive reward rates, yielding up to 12% Annual Percentage Yield (APY). Through flexible subscription plans, DOT and ADA participants can also choose to unstake their assets at any time.   

    

      

How to get started:

Web

  • On the NDAX web dashboard, click Staking on the left-hand side toolbar.
  • Scroll down to assets and select the coin you would like to stake.
  • Click the green Stake button > Read and agree to NDAX's staking disclaimer.  
  • Select a staking plan and the amount you would like to stake. You can also choose 25%, 50%, 75% or 100% of your balance.
  • Click Continue.
  • Review the details of the plan and click Start staking.

Mobile

  • On your NDAX mobile app, click Wallet.
  • Click Staking on the sub-menu. 
  • Select the coin you would like to stake.
  • Click the blue Stake button > Read and agree to NDAX's staking disclaimer. 
  • Select a staking plan and the amount you would like to stake. You can also choose 25%, 50%, 75% or 100% of your balance.
  • Click Continue.
  • Review the details of the plan and click Start staking

That’s it! You are now staking!