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One of the many ways that you can earn interest on your cryptocurrency is through crypto staking. To make it easier to calculate your earnings, we offer a convenient crypto staking calculator. Having some background knowledge on crypto staking before you use the calculator will help you confirm that this is the right route to take with your cryptocurrency.
Basics of Crypto Staking
Crypto staking is technically a mechanism for consensus, creating, and verifying blocks. The term has expanded over the years and now many people use the term crypto staking for other situations as well.
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Haru Invest has paid out 4.1M+ separate earnings on time.
Our total transaction volume since launch exceeds $2.11B. We have more than 74,500 members from 140+ countries using Haru Invest. 87.5% of our members continue to use our platform with deposits.
Haru Invest automates crypto trading for you and targets up to 25% APR!
Haru Invest has paid out 4.1M+ separate earnings on time.
Our total transaction volume since launch exceeds $2.11B. We have more than 74,500 members from 140+ countries using Haru Invest. 87.5% of our members continue to use our platform with deposits.
How much you can earn with Haru? Let’s calculate!
Haru is a digital asset management platform and we’re offering up to 16% APY. Click here to calculate your earnings with Haru.
With our Haru Earn Plus product, you’re able to earn compound interest on your crypto. Lock it up as long as you want, earn more. Withdraw your earnings anytime you want.
Why Haru Invest Is the Best Option for Staking
Haru is an excellent choice if you want to stake your cryptocurrency, as you will get the confidence of working with a reputable company with vast experience. Haru offers several options for staking or investing your cryptocurrency. Check out our Beyond Staking product.
Haru Earn is your best choice if you want to be able to withdraw your cryptocurrency at any time, as there is no lockup period. If you want to increase your interest rate and are willing to agree to a lockup period, Haru Earn Plus is the best choice. You can also opt for a Haru Invest account, which has larger potential returns but slightly higher risk.
You can automate crypto trading with Haru Invest
Enjoy the highest earning rates in the market with top performing trading strategies.
You can automate crypto trading with Haru Invest
Enjoy the highest earning rates in the market with top performing trading strategies.
Consistent Earnings
To provide an idea of what you can expect from staking with Haru, consider the most recent performance numbers. Haru publishes the biweekly performance of the Haru Invest accounts for transparency. The last biweekly period was from April 1st to 15th. The BTC account had a biweekly return of 0.8025% or 19.53% annualized. The USDT account had a biweekly return of 0.7355% or 17.90% annualized.
You can also view the most recent weekly earn rates for the Haru Earn and Haru Earn Plus accounts. To provide an idea of what to expect, for the week starting April 22nd, earnings could be up to 15.5% for BTC and USDT or up to 15.0% for ETH and KRT.
Between the consistent staking rewards and the platform’s reputation, Haru offers the best option for staking your crypto. Use the crypto staking calculator to get a better idea of what you could earn with Haru.
Learn more: Crypto staking platforms.
What Is Crypto Staking?
The original definition of crypto staking is to lock up your cryptocurrency in a wallet in exchange for voting rights and the ability to earn block rewards. In this sense, staking your cryptocurrency is an important part of Proof of Staking, which is an alternative to the Proof of Work algorithm that Bitcoin uses. By staking crypto, you get the right to earn rewards when new blocks are generated. You also frequently get the ability to vote on governance and other decisions for the cryptocurrency in question.
Notably, this definition applies only to the handful of cryptocurrencies that use Proof of Staking.
The term cryptocurrency staking also refers to any other situation where you hold your cryptocurrency in a set wallet or account in exchange for profits. A more common option now is to use a crypto savings account that lets you earn interest. The benefit of these accounts is that you can find options for cryptocurrencies that do not use Proof of Stake. This makes it possible to stake Bitcoin, Ethereum, USDT, or other cryptos that you could not otherwise stake.
Ethereum Staking
With the upgrade of ETH2, the Ethereum network went from a proof-of-work model to a proof-of-stake model. With this change, token holders became able to stake their Ethereum tokens and earn rewards in return. This also opened a room for crypto passive income.
Is Crypto Staking Legit?
Yes, crypto staking is legit. The key is to make sure that you always use a reputable platform when staking your crypto. In addition to the interest rate or potential staking rewards, pay attention to the reputation of the platform you choose to stake with; this can confirm that the provider will be able to deliver their promised rewards. It will also help you ensure the safety of your funds.
How to Earn Staking Rewards – Profit
Making a profit with crypto staking is straightforward. All you need to do is deposit your cryptocurrency in/on the appropriate wallet or platform and wait for the results come through.
If you want to maximize your profit, however, you should pay attention to the interest rates offered and use a crypto staking calculator to see if you are happy with the potential rewards. Remember that you cannot use your cryptocurrency during staking.
What to Know Before Staking
While the act of staking your Bitcoin, Ethereum, or USDT is straightforward, there are a few important things to know ahead of time.
That Your Platform Is Reputable
As mentioned, you should always make sure that you choose a staking platform with a good reputation. This will protect your funds and help guarantee you get your advertised staking rewards.
To evaluate the reputation of the platform, check out reviews. You should also look at its history, including the history and experience of its team members.
This is also the ideal time to see how the platform earns crypto to pay you interest. The platform should have a reliable method that is proven to be effective and is not too risky.
Lock-Up Period
Every staking system works slightly differently. Some will require you to lock up your cryptocurrency for a set amount of time, which means that you cannot withdraw your cryptocurrency during that period. Others will let you choose your lockup period or even opt-out of one entirely.
Before you choose your lockup period, consider how long you can be without your cryptocurrency. Think about future plans and whether you want it accessible to trade or buy something. If it is a long-term investment and you do not have any immediate plans, this can be less important; however, you should still account for potential changes in your mind.
Interest Rate
You will also want to consider the interest rate for your chosen platform, as this directly affects the results of your staking rewards calculator. A higher interest rate results in larger rewards. You should also pay attention to how frequently that interest rate is compounded. Ideally, you want an account with daily compounding interest.
What Earnings to Expect
The best platforms will offer a higher interest rate if you lock up your cryptocurrency for a longer period of time. This means that you may want to play around with a crypto staking calculator to find the right balance for you between a high interest rate and a lockup period you can handle.
