A beginner's guide to staking cryptocurrencies
What is cryptocurrency staking?
Fundamentally, staked coins are akin to interest-bearing savings accounts or bonds as they all provide interest income on your initial investment.
As part of staking, the cryptocurrency holder locks up, or commits, their holdings in exchange for rewards or interest, paid in the form of additional coins. It’s a way to make more crypto with your crypto.
Cryptocurrency staking is the process of locking up a portion of your assets to qualify to earn staking rewards (interest)