TL;DR – Should I use Bitvavo to stake my crypto?

Bitvavo offers flexible staking on 17 coins, including 3 stablecoins. Rewards are minimal compared to direct rivals, but Bitvavo does offer more than 6% APY on all 3 of its stablecoins. The platform is easy to use and perfect for beginners looking to learn more about staking and how it works, but advanced and more experienced traders will find it lacking in suitable coin offerings and returns.

Pros

Beginner friendly and straightforward to use
3 stablecoins with returns of up to 6.10%
Staking is flexible with weekly payouts

Cons

Small crypto offering, with only 16 coins supported
Low APY returns on most coins

Types of staking on Bitvavo

The Bitvavo exchange was developed to be simple and beginner-friendly, so it’s no surprise to see a very simplistic approach to its staking products too. Bitvavo has two different types of staking: on-chain and off-chain. On-chain staking is the most common type of staking. It uses blockchain POS (Proof-of-Stake) protocol to validate transactions on a blockchain, which generates rewards, normally in the form of the currency that is being staked. Off-chain lets you earn rewards on your crypto sitting idle in your account or wallet without locking them into a blockchain.

Bitvavo has support for 17 staking coins, including BTC, ETH, and LTC. It is flexible, meaning you don’t need to lock your crypto into the exchange or blockchain to earn rewards. With the volatility of crypto, this is a great way to stake but without the risk of losing money should your asset depreciate while it is locked in and being staked. Rewards are paid out weekly and vary from 0.49% for VET and LINK and 7.50% APY for ICX.

Staking Management

You can control all your staking from one central staking dashboard. If you didn’t opt into staking when you signed up, you’d need to enable staking on your account before accessing any staking features. You can do this in your account preferences, and once enabled, you’ll be able to access your staking dashboard and start staking any of your assets. You can see your estimated APY, estimated reward value, rewards that have already been paid, and your pending rewards from the dashboard.

A selection of coins supported for staking from the Bitvavo staking dashboard
A selection of coins supported for staking from the Bitvavo staking dashboard. Source: Bitvavo.com

Staking on the app

The Bitvavo mobile app’s functions are minimal and have only really been developed to buy and sell crypto and don’t have any advanced features. So, unfortunately, you’ll need to do all your staking on the desktop platform.

Conclusion

Staking with Bitvavo is easy, and most beginner and intermediate traders not familiar with staking shouldn’t have any issues understanding how staking works. We like that it’s flexible, and there’s no need to lock up your crypto to earn rewards on it. Unfortunately, though, we think the rewards are pretty meagre compared to Bitvavo’s rivals. If we had to do a like-for-like comparison, Kraken offers up to 5% for Tezos, whereas Bitvavo only offers 0.66%. That being said, we were impressed with the rewards on its stablecoins.

If you’re looking for a staking platform to learn how staking works, then you will find value in using Bitvavo. If high rewards are important to you, we don’t think you’ll be happy using Bitvavo and would find more value from using Binance or Kraken to stake your crypto.

faqs

Unfortunately, we don’t think Bitvavo’s staking options are the most attractive. Many of the coins have rewards of around 1% and below, and the number of coins on offer isn’t big either. The caveat to that is its rewards on its stablecoins, with 6.10% for all 3; that’s more than most traditional banks would offer on your fiat savings

Bitvavo’s rewards are calculated daily and can be viewed on your staking dashboard but will only be paid out every Monday.

Staking rewards range from 0.49% to 7.50% APY. A full list is below.

  • ARK (ARK) – 1.07%
  • Bitcoin (BTC) – 0.77%
  • Bitcoin Cash (BCH) – 1.02%
  • Cardano (ADA) – 5.00%
  • Chainlink (LINK) – 0.49%
  • Dai (DAI) – 6.10%
  • Ethereum (ETH) – 1.01%
  • Litecoin (LTC) – 1.04%
  • ICON (ICX) – 7.50%
  • NEO (NEO) – 0.52%
  • Ontology (ONT) – 0.51%>
  • Tether (USDT) – 6.10%
  • Tezos (XTZ) – 0.66%
  • Tron (TRX) – 1.03%
  • USD Coin (USDC) – 6.10%
  • VeChain (VET) – 0.49%
  • Waves (WAVES) – 5.50%

No. Staking with Bitvavo is flexible, and you can withdraw your coins at any time, lessening the risk of volitation and losing out while your coin is locked in.

Bitvavo has support for 3 stablecoins. Dai (DAI, Tether (USDT) and USD Coin (USDC).

Bitvavo has a selection of 17 coins available for staking. The coins include ARK (ARK), Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dai (DAI), Ethereum (ETH), Litecoin (LTC), ICON (ICX), NEO (NEO), Ontology (ONT), Tether (USDT), Tezos (XTZ), Tron (TRX), USD Coin (USDC), VeChain (VET), and Waves (WAVES).

The Bitvavo exchange was developed with simplicity in mind, and so too was its staking service. You can stake every coin on offer from one screen and view the estimated APY, estimated reward value, your rewards that have already been paid, and your pending rewards from the same screen