Staking is a powerful way to grow your crypto. When you stake a cryptocurrency, you are helping support the operations of a blockchain network, specifically those that use a Proof of Stake (PoS) or similar consensus mechanism. 

In return for supporting the network, you may receive rewards, paid in crypto, credited to your BitcoinIRA account. This process allows investors to grow their digital holdings while also contributing to the health and security of blockchain ecosystems, all within the safety and structure of their BitcoinIRA¹ account. 

Staking involves committing your cryptocurrency to help secure and operate a blockchain network that uses a Proof of Stake (PoS) system. When you stake, your crypto is temporarily “locked” as collateral, which helps ensure validators act honestly when verifying transactions and maintaining the network. 

In return for supporting the network, you can earn staking rewards. These rewards are typically a small percentage of additional cryptocurrency, paid out in the same type of coin you originally staked (e.g., staking ETH earns rewards in ETH). Rewards are usually distributed at regular intervals and can vary depending on the network’s rules, performance, and total participation. 

Getting started is simple and seamless. You can select from eligible cryptocurrencies directly within your dashboard and choose how much you’d like to stake. After you opt in to staking, your cryptocurrency will go through a fulfillment and bonding period before it begins actively staking. From there, you can sit back as your staked assets begin earning rewards. 

Staking rewards are earned in the form of additional crypto and are based on:  

• The rules of the specific blockchain protocol 

• The amount of crypto you have staked 

• Validator performance 

• Network conditions 

BitcoinIRA credits staking rewards to your account on a monthly basis, adding them to your staked asset balance after deducting: 

• Service Provider (validator) fees 

• Custodian (Digital Trust) fees 

Your earnings depend on: 

• Estimated APY (Annual Percentage Yield) for the asset 

• Amount staked 

• Validator performance 

• Network-specific reward structure 

Yes! Staking is now available for ADA (Cardano) and ETH (Ethereum). 

You can start staking your ADA and ETH today and begin earning rewards. But that’s not all, staking for SOL (Solana), and DOT (Polkadot) is coming soon! 

Stay tuned and be among the first to access these new staking opportunities as we roll them out.