F.A.Q

Frequent Asked Questions

What is staking?

Crypto staking allows you to earn rewards on your cryptocurrency holdings, particularly for assets using the Proof-of-Stake (PoS) consensus mechanism.
When you stake crypto, your assets are dedicated to securing the PoS network by verifying transactions, supporting decentralized governance, and improving the network’s security. The network incentivizes staking participants by distributing rewards through newly created block rewards or transaction fees from circulating assets. These rewards, generated by blockchain validation, are passed to you after deducting a service fee.
For many, independent cryptocurrency staking can be complex, often requiring specialized hardware and the setup of personal nodes, depending on the asset. StakeXcel simplifies this process with its user-friendly interface and leading node uptime, making it the preferred platform for users looking to contribute to the security of blockchain protocols while earning rewards

How does staking work on StakeXcel?

With Stakexcel, the staking process is simplified to just a few clicks, making it easy, secure, and convenient for users to stake their tokens.
Stakexcel supports a wide selection of Proof-of-Stake (PoS) cryptocurrencies, including popular options like Ethereum (ETH), Cardano (ADA), BNB, Polygon (MATIC), and more.
To start staking with Stakexcel, simply select a supported cryptocurrency and stake your funds. Once your staking request is submitted, you'll begin earning rewards based on the amount of cryptocurrency you have staked, with the reward rate adjusted according to the asset and network activity.

When will I receive my staking rewards?

Staking rewards for most assets on StakeXcel are distributed on a weekly basis.

What does StakeXcel actually do with your tokens?

When you stake on Stakexcel, we handle the bonding process on your behalf, ensuring both security and efficiency. This includes:
1) Securely storing your assets in cold wallets to provide the highest level of protection against online threats.
2) Staking your assets to nodes managed by trusted *third-party staking service providers* (“Staking Services Providers”) who maintain the infrastructure necessary for validating transactions and earning rewards.
This approach ensures that your assets are protected while still allowing you to participate in staking without the complexities of running your own nodes.

Is StakeXcel lending, borrowing, or trading with your tokens?

At Stakexcel, we prioritize the security and integrity of your staked assets. Under no circumstances are your staked assets used for other purposes, such as lending or providing collateral, regardless of the asset you choose to stake. This ensures that your assets are exclusively committed to the staking process, maintaining transparency and safeguarding your funds throughout the staking period.

Where do staking rewards come from?

At StakeXcel, all staking rewards are generated solely by the protocols underlying each token that is eligible for staking.
StakeXcel utilizes third-party staking service providers to ensure efficient staking operations and asset validation.

When you stake on StakeXcel, is the network genuinely generating value, or is it simply issuing new tokens that reduce the value of the ones I already hold?

It's essential to clarify a common misconception: *staking* is not primarily a rewards mechanism or an investment strategy. Instead, it is fundamentally a *consensus model* that contributes to the security, stability, and operation of *Proof-of-Stake (PoS)* blockchain networks.
While it's true that blockchain networks offer rewards as an incentive for participants to stake their assets, the main purpose of staking is to *support network security and transaction validation*. When you stake your tokens, you're actively helping maintain the integrity of the blockchain, ensuring that transactions are validated, and protecting the network from potential attacks. The rewards generated are a byproduct of this participation, not the main goal.
In this sense, staking shouldn't be viewed as a typical investment, but rather as a means of contributing to the health and security of the blockchain ecosystem. The rewards are an incentive for you to commit your assets and engage in this vital process, but the primary role of staking is securing the network.