How to earn staking rewards on crypto
Once you open a Gemini account, you can purchase any amount of crypto1 and immediately transfer it to Gemini Staking to start earning rewards on your holdings. Unlike other staking options, there is no minimum amount of crypto required to stake on Gemini, and no transfer or redemption fees for staking.
This only applies to assets that are available in Gemini Staking.
Signing up is fast, easy, and secure. Get Started Today.
Select a crypto to stake and press “Start Staking.”
If you already own the crypto you want to stake, press “Transfer trading balance.” Otherwise, press “Buy new crypto,” and you’ll be prompted to choose whether you want to make a one-time or recurring purchase.
Confirm the transfer and start earning rewards!
What is Staking?
Proof of Stake
Staking is an essential feature of proof of stake (PoS) protocols. Large PoS protocols including Polygon, Solana, and Polkadot allow users to stake their native tokens and earn rewards.
An incentive for validators
Blockchain node operators must pledge their tokens, also known as staking, to a network in order to be selected as a block validator. As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking rewards.
Node operators who perform invalid functions (eg. adding a corrupted block to the blockchain) could lose a portion of their pledged tokens, a function known as slashing. Our staking validators are highly effective, and we guarantee to reimburse any losses (slashes) due to our validation process.
Why stake your crypto?
Staking can be complicated because it typically takes place on a decentralized platform, and requires technical skills to manage your crypto wallet, validate blocks, and claim rewards. Gemini Staking simplifies the process for you and allows customers to generate crypto rewards from a decentralized system on a secure and regulated platform. It’s the best of both worlds: the benefit of decentralization with the power of Gemini.
No gas fees
Redeem your assets at any time
Why choose Gemini?
Gemini is one of the safest cryptocurrency exchanges where you can buy, sell, store, and earn interest on bitcoin and other cryptocurrencies.
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law—on par with traditional financial institutions.
Two-Factor Authentication (2FA) is required when you log in to your account or make crypto withdrawals.
Learn more about our commitment to security
We are proud to have been awarded The Ascent’s Best-Of 2022:
- Best Cryptocurrency Exchange Overall
- Best Cryptocurrency App for Earning Interest
- Best Cryptocurrency App for Beginners
Assets available for staking on Gemini
Check here to find the tokens available for staking on Gemini. Staking reward APYs may increase or decrease in the future.
How is Gemini Staking different from Gemini Earn?
Staking APYs change over time for each PoS blockchain network. A variety of factors can impact the rate, including network operations, and supply and demand dynamics
Up to 8.05% APY
Redemption times for staked crypto vary depending on the network and the volume of unstaking requests at any given time
Up to 5 days redemption time
Tokens are stored on the blockchain network
Gemini partners with accredited third-party borrowers
Frequently asked questions
What is Staking?
Staking is an essential feature of proof of stake (PoS) protocols. Large PoS protocols including Polygon, Solana, and Polkadot allow users to stake their native tokens and earn rewards. Blockchain node operators must pledge their tokens, also known as staking, to a network in order to be selected as a block validator. As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking rewards. Node operators who perform invalid functions (eg. adding a corrupted block to the blockchain) could lose a portion of their pledged tokens, a function known as slashing. Our staking validators are highly effective, and we guarantee to reimburse any losses (slashes) due to our validation process.
Where do the staking rewards come from?
Node operators pledge tokens to a network as a guarantee for correctly performing block validation operations. These node operators receive newly minted tokens and transaction fees as rewards for adding valid blocks to the network. Those newly minted tokens and transaction fees are the rewards for staking and will be passed onwards to those who have staked their tokens.
Where is staking available?
Gemini staking is available in Argentina, Australia, Bahamas, Bermuda, Bhutan, Brazil, British Virgin Islands, Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Hong Kong, India, Israel, Jersey, South Korea, Malaysia, Mexico, Myanmar, New Zealand, Nigeria, Panama, Peru, Philippines, Puerto Rico, Saint Lucia, Saint Vincent and the Grenadines, Singapore, South Africa, Taiwan, Thailand, U.S. Virgin Islands, United States (excluding New York), Uruguay, and Vietnam.
We are seeking approval to expand our staking product in New York and hope to support staking in New York in the near future.
Why are staking rewards not fixed?
Staking rewards are a function of several supply and demand factors on the network, and the actual reward granted to staking participants is determined at the time rewards are granted. For example, because the number of newly minted tokens is usually a fixed amount in a specific timeframe, staking rewards are higher with fewer node operators and vice-versa. These rewards are distributed proportionately on each successful checkpoint submission to each delegator based on their stake relative to the overall staking pool of all validators and delegators.
How do I redeem my staked rewards / assets? When can I get my staked assets back?
The unbonding period on Matic is approximately 4 days. This period applies to the originally delegated amount and re-delegated amounts - it does not apply to any rewards that were not re-delegated.
Please note that you will not be able to unstake ETH until a future Ethereum network upgrade.