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Bitpanda Staking

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Bitpanda, as one of the leading crypto exchanges in Europe, has expanded its range of functions and has been offering staking of various assets since May 2022. As with all other features, Bitpanda focuses on user-friendliness and ease of use. Bitpanda is a highly recommended platform, especially for newcomers to crypto. The developers have done a great job here and you are introduced to the functions in a playful way. This article aims to provide a simple overview of staking and especially staking on Bitpanda.

What is staking?

In simple terms, staking is the process that enables participants in a blockchain network to receive rewards. They must lock their coins in their wallet in order to receive the rewards. These blocked coins are then used to confirm transactions in the respective network or are used as liquidity. Participants then receive their rewards for these actions. Staking rewards from cryptocurrencies are comparable to interest from our fiat currencies. As long as there is money in our savings account, interest is paid out. It works in a similar way with staked assets. The amount of interest depends on the amount of cryptocurrencies and the period for which they are staked.

How does Bitpanda Staking work?

As mentioned at the beginning, Bitpanda focuses on simplicity and users of the platform do not have to worry about any blockchain interactions. Owning the respective assets on Bitpanda is sufficient to qualify for staking. An additional button then appears on the cryptocurrency that allows staking to begin.

Bitpanda Staking Start

As soon as you click on stake, a modal appears asking for the desired quantity:

Bitpanda Staking Mengenauswahl

Click on the “Continue” button to confirm and agree to the terms and conditions, after which the success message is displayed and when you can expect to receive the first staking rewards on Bitpanda.

Bitpanda Staking Erfolgsmeldung

Is there a locking period for Bitpanda’s staking assets?

Bitpanda also stands out from the crowd when it comes to the holding period and tries to avoid the holding period as much as possible. Currently (as of 05.05.2024), only Ethereum has an unlocking period of 2 days. All other staking assets can be removed immediately after the start and the cryptocurrencies are immediately available again. Of course, competitors also offer staking without a locking period, but the potential rewards differ enormously. Binance, for example, only offers comparable rewards after a holding period of 60 days:

Bitpanda Staking Rewards Vergleich mit Binance Staking Rewards

How often are staking rewards paid out?

Bitpanda’s staking rewards are paid out at weekly intervals. This usually takes place on Tuesdays in the evening. The summary of the rewards received is usually sent by email the following day. You can also see when and how many assets you have received on the cryptocurrencies overview page. The rewards you receive are automatically added to your staked pool, allowing you to benefit even more from the compound interest effect.

What staking rewards / returns can I expect?

Since staking rewards depend on external factors, such as the number of participants in a network, the returns can vary. Bitpanda provides a value based on current factors, which can change at any time.

In addition to the normal rewards, you can increase your rewards by up to 12.5% by holding BEST (Bitpanda Ecosystem Token).

BEST VIP LevelStaking Rewards
VIP LVL 1 (>= 10 BEST)+ 2.5%
VIP LVL 2 (>= 1,000 BEST)+ 5.0%
VIP LVL 3 (>= 5,000 BEST)+ 7.5%
VIP LVL 4 (>= 10,000 BEST)+ 10%
VIP LVL 5 (>= 50,000 BEST)+ 12.5%
Increase in staking rewards, depending on BEST VIP level

All staking rewards of the current assets can be calculated here, taking into account the BEST VIP level.

Which cryptocurrencies does Bitpanda offer for staking?

Bitpanda regularly expands the staking assets it offers. Below is a list of all current stakeable cryptocurrencies, sorted in descending order by their corresponding APY:

Asset APY
AXS Logo
Axie Infinity Shard
AXS
25,00%
AUDIO Logo
Audius
AUDIO
14,19%
KSM Logo
Kusama
KSM
13,18%
APE Logo
ApeCoin
APE
12,00%
ATOM Logo
Cosmos
ATOM
12,00%
DOT Logo
Polkadot
DOT
11,50%
INJ Logo
Injective
INJ
10,00%
SCRT Logo
Secret
SCRT
10,00%
AKT Logo
Akash
AKT
9,00%
OSMO Logo
Osmosis
OSMO
8,32%
AZERO Logo
Aleph Zero
AZERO
8,00%
TIA Logo
Celestia
TIA
8,00%
DYM Logo
Dymension
DYM
7,00%
CSPR Logo
Casper
CSPR
7,00%
NEAR Logo
NEAR Protocol
NEAR
6,88%
GRT Logo
The Graph
GRT
6,87%
RONIN Logo
Ronin
RONIN
6,80%
FET Logo
Fetch.ai
FET
6,40%
ONE Logo
Harmony
ONE
5,50%
SOL Logo
Solana
SOL
5,30%
KAVA Logo
Kava
KAVA
5,30%
MINA Logo
Mina
MINA
5,00%
FLOW Logo
Flow
FLOW
4,80%
AVAX Logo
Avalanche
AVAX
4,80%
XTZ Logo
Tezos
XTZ
4,70%
APT Logo
Aptos
APT
4,70%
EGLD Logo
MultiversX
EGLD
4,10%
GLMR Logo
Moonbeam
GLMR
4,00%
AAVE Logo
Aave
AAVE
4,00%
MATIC Logo
Polygon
MATIC
3,82%
ZETA Logo
ZetaChain
ZETA
3,70%
SEI Logo
Sei
SEI
3,70%
CELR Logo
Celer Network
CELR
3,50%
ETH Logo
Ethereum
ETH
3,00%
TRX Logo
Tron
TRX
2,68%
ADA Logo
Cardano
ADA
2,40%
SUI Logo
Sui
SUI
2,00%
ROSE Logo
Oasis Network
ROSE
1,80%
FTM Logo
Fantom
FTM
1,50%
BNB Logo
BNB
BNB
0,30%

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