CoinMetro Staking

Crypto can make sure you earn interest. Something everyone got when they put their savings in the bank. Nowadays, these numbers are negligible and we are forced to look for other places. CoinMetro offers these…

Table of Contents

What is staking on CoinMetro? 

Like most exchanges, CoinMetro now offers stake for their users. Staking is locking in your crypto to receive a return on top of that. You will receive this return in coins, and not in dollars or euros. For example, if you stake 1000 coins of a certain currency for a 5% return, you will receive 50 additional coins per year. 

What coins can you stake on CoinMetro? 

CoinMetro offers a number of different coins in their stake program. They do not work with coins that you can stake anytime, but always work with periods, in which you can participate in a stake pool for a certain coin. Currently there are six different coins available to stake, these are:

How much can you earn by staking? 

How much you can earn with staking therefore depends on which coin you are staking, but often also depends on how long you are staking the coin for. A separate program is set up for each coin. 

These are the returns you achieve when you lock in your coins for the maximum time, 1 year. The shorter this time, the lower your return. In most cases you can choose between: flexible, 1 month, 3 months, 6 months and 1 year. 

The returns you can achieve on the coins that you can currently stake can be found in the table

Crypto Asset

Interest (p.a.)

CoinMetro (XCM)

2.5%

Vesper Finance (VSP)

6.9%

Thought (THT)

7.7%

Flux Nodes (FLUX)

8.6%

Kadena (KDA)

18%

When do you receive stake rewards?

The rewards you earn on staking at CoinMetro can be cashed out at any time. To do this, simply go to your stake dashboard. There you will see ‘Pending rewards’, along with the amount you can still claim. When you then click ‘Cash Out Now’, these ‘Pending rewards’ will be moved to ‘Paid rewards’ and the coins will be on your balance. 

What are the risks of going on stake on CoinMetro? 

The risks of stake are really the same everywhere. You’re obviously locking in your coins, which makes for very little flexibility. You can move your holdings around a lot less quickly or sell them, for example. In a market with as much volatility as the crypto market, flexibility might be just what you want. 

For example, you might want to lock in your crypto for 90 days to stake, for which you’ll earn a 15% return. Imagine, for example, that the coins you stake during these 90 days halve in value, then it is indeed true that you have 15% more coins, but the amount at the end of the 90 days is still much smaller than the amount at the beginning of the 90 days. So you will still make a loss. 

Can you stake Bitcoin and Ethereum on CoinMetro?

Both Bitcoin (BTC) and Ethereum (ETH) are unfortunately not available through CoinMetro. CoinMetro simply does not offer the two largest coins on the market in their stake program.

How are stake percentages calculated on CoinMetro?

Like most exchanges, CoinMetro does not share a concrete rule or formulas by which you can calculate stake percentages. These percentages are simply determined internally.

However, you can often assume two rules of thumb, namely: (1) the longer you lock in your coins, the higher your interest rate, and (2) the larger the coin, looking at market capitalization, the lower often the interest rates. It is not always the case that these two rules of thumb are true, but these things often stand out. 

Conclusion

So CoinMetro also offers stake. They, like several other exchanges, often work with separate periods in which a particular coin can be staked. Currently, this applies to XCM, FLUX, KDA, THT, VSP and UST. Compared to other exchanges, they do not offer extremely high percentages, but they do have a clear and simple to use interface, which is understandable even for beginners. In addition, CoinMetro offers a lot of free information when it comes to stake, so you really know what you’re getting into. 

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