Qovex Earn - Crypto Staking enables you to earn additional cryptocurrency as rewards for supporting operations and security of a Proof-of-Stake (PoS) blockchain network. For your participation, you receive crypto rewards which are determined and distributed by the underlying PoS protocol. Qovex Earn – Staking program has no control over the protocols or rewards. Qovex acts solely as a service provider connecting you, the validators, and the protocol. Qovex receives the crypto rewards from the underlying protocol and passes along any rewards earned from staking to you, minus a fee of 15%.

Who is eligible for staking?

Availability of Qovex Earn - Crypto Staking depends on a number of considerations, including the jurisdiction where you reside. So, before you can stake your crypto, you will have to undergo identity verification process and live in a jurisdiction eligible for staking that specific cryptocurrency.

What crypto is eligible for staking?

Currently, you can stake Algorand (ALGO) and/or Ethereum (ETH) cryptocurrencies, depending on your country of residence. You will also need to have a minimum balance of the specific cryptocurrency to be able to stake it. Please see the individual asset pages for more details:

• Ether (ETH) Learn more.

• Algorand (ALGO) Learn more.

How does staking work?

By staking, you are pledging your cryptocurrency to support a PoS blockchain network. On such blockchains, blocks are produced by validators that stake (or pledge) crypto assets to the network in order to be able to participate in staking. Validators are incentivized to participate in staking by crypto rewards that are issued by the protocol for successfully building and verifying blocks. By staking your assets, you pledge them to the network and in turn earn crypto rewards for successfully building and validating the blocks.

You can opt-in to stake your cryptocurrency in order to earn rewards from the PoS blockchain. Rewards are determined by the protocol, are proportional to how much is staked, and can change over time. The protocol determines the amount and frequency of rewards. Qovex has no control over the protocols and acts only as a service provider connecting you, the validators, and the protocol. Qovex receives the crypto rewards from the underlying protocol and passes along any rewards earned from staking to you, minus a fee of 15%.

You retain full ownership of your staked assets at all times. In rare cases, your staked assets may be lost due to network penalties or other errors. You can learn more about the risks associated with staking here.

When do I receive crypto rewards for staking?

Staking crypto rewards distribution frequency depends on the underlying protocol. Note that when you start staking, it typically takes some time before you start earning crypto rewards. This delay can vary as it depends on factors such as network congestion, and it could take up to a few days. Unless specified otherwise, staking rewards will be automatically added to your staking balance. Please see the individual asset pages for more details:

• Ether (ETH) Learn more.

• Algorand (ALGO) Learn more.

How much do I earn by staking?

The size of the crypto rewards depends on how much you have staked and how much competition there is in staking across the entire blockchain.

To see the latest staking crypto rewards, please see the Earn staking page.

Can I trade, stake or withdraw my rewards?

Whether you can trade, stake or withdraw your crypto rewards depends on the type of asset you’re staking. The lock-up periods, if any, are determined by the underlying protocol and not Qovex. Please see the individual asset pages for more details:

• Ether (ETH) Learn more.

• Algorand (ALGO) Learn more.

Are there any fees associated with staking?

Qovex earns a commission of 15% on all rewards received. The estimated rewards rate for our customers already reflects this commission deducted.

How do I unstake or sell my staked crypto?

How to sell your staked crypto or unstake it depends on the specific asset and the jurisdiction where you reside. Some protocols impose waiting periods before assets can be unstaked. You can ask us to unstake your assets at any time. Please see the individual asset pages for more details:

• Ether (ETH) Learn more.

• Algorand (ALGO) Learn more.

For more information on risks related to the Qovex staking services, please refer to our terms of use.

If you reside outside of the US, you can find Staking Terms here.

Staking is not available in Canada, Japan, Singapore, the UK, and the US.