Hey bunqers 🌈,

Buying crypto and want to make it work for you? Enable Crypto Staking straight from your bunq app to earn extra on your crypto in weekly payouts.

When you stake your coins, you help validate and secure blockchain network transactions. In return, you receive extra earnings on your crypto. Buying and selling crypto is a service provided by our partner, Kraken.

What is Crypto Staking?

Crypto Staking puts your coins to work by locking them in the blockchain network. By putting your coins at stake, you support the network’s operations which helps validate crypto transactions. Since you contribute to a more stable and secure environment of the blockchain ecosystem, in return – you earn more coins over time.

This works with crypto which uses Proof-of-Stake (POS) to process payments to generate extra earnings. Instead of using energy-consuming machines to process transactions, POS allows crypto holders to stake their coins and lock it in as a form of ‘security deposit’. Kraken offers flexible staking, meaning there is no lock-up period on crypto in your bunq app. You have the choice to disable Staking or sell your crypto, at any time.

Let’s imagine you are holding 1 ETH (Ethereum Coin) in your Wallet. The amount of crypto that you own and hold will not change based on whether you stake or not – you won’t be charged for Staking. The losses or gains of your cryptocurrency will depend on the Market price of the coin and other risks that come when dealing with cryptocurrencies. You can read more about potential risks involved with crypto here.

When you:

• Don’t stake: your balance stays the same - you’ll have 1 ETH, and its value only changes with the market price.

• Stake: your balance grows - the 1 ETH is still yours, but now it works for you. Over time, you’ll earn a little extra ETH, so your balance slowly grows.

How can I enable Crypto Staking?

To enable Crypto staking, you can follow these simple steps:

1. Open your bunq app

2. Go to your Crypto tab

3. Select a Cryptocurrency – the cryptocurrency must be eligible for Staking

4. Tap on the Staking widget under the Coin Position.

5. Tap on Enable Staking and Got it

6. Done ✨

Please note: Once you enable Staking, all of your cryptocurrency eligible for Staking is staked. It isn’t currently possible to stake only one cryptocurrency.

You can also enable Staking by:

1. Open your bunq app

2. Go to your Crypto tab

3. Scroll and tap on the Discover more tile

4. Tap on *Enable Staking**

5. Done

Where will I receive my earnings?

Your Staking earnings are paid out weekly. You’ll receive a payment notification from bunq when your earnings from Staking are in your Wallet 🪙

You can also check how much you earned by following these steps:

1. Open your bunq app

2. Go to your Crypto Tab

3. Go to Earned from Staking right below your Wallet

4. You will see how much you earned with Staking, per coin under Payouts earned per Coin

How much can I earn?

The amount earned depends on the coin and the amount. The payout rate can vary day to day, based on how the coin is performing as well as the supply and demand of the cryptocurrency.

We offer flexible staking in the bunq app with no lock-up periods, so only a portion of your crypto is staked. When staking is enabled, you'll earn up to 50% of all your eligible cryptocurrencies.

Which coins are available for staking?

The following coins are currently available for Crypto Staking:

• Bittensor (TAO)

• Cardano (ADA)

• Celestia (TIA)

• Cosmos (ATOM)

• Dymension (DYM)

• Ethereum (ETH)

• Flow (FLOW)

• Injective (INJ)

• Kava (KAVA)

• Kusama (KSM)

• Mina (MINA)

• Polkadot (DOT)

• Polygon Ecosystem Token (POL)

• Secret Network (SCRT)

• Sei (SEI)

• Solana (SOL)

• Sui (SUI)

• Tezos (XTZ)

• The Graph (GRT)

• Tron (TRX)

If you’d like to have the most up-to-date overview of the available coins and their Annual Percentage Rate payout (APR), you can do so straight from your Crypto tab:

1. Go to your Crypto tab

2. Tap on All

3. Browse and check the rates of your preferred Coins

Please note that the shown APRs in the app are an average estimate of earnings you may receive on your staked crypto before our standard 25% commission on staked earnings.

What are the risks related to Staking?

• Disabling Staking may take some time

In some cases, it might take a bit longer to sell your crypto after you disable staking. The timing depends on how the blockchain is working.

• Earnings from Staking can change over time

Sometimes there may be less or no earnings from Staking, depending on the blockchain performance.

• Market prices apply

The value of your staked crypto can fluctuate, just like non-staked crypto. This depends on the Market price of the coins.

• No deposit protection

Kraken handles all crypto payments. As such, crypto payments aren't protected by the Deposit Protection Scheme.

• Slashing risk

The computer which helps run the POS blockchain is called a validator. When you stake your coins, they’re assigned to a validator to help secure the network and validate transactions. If any malicious actions take place against or by the validator, the POS blockchain can apply penalties called Slashing — resulting in a loss of staked coins for both the validator and anyone who staked through it. This means:

• You could lose part of your staked crypto through no direct fault of your own;

• Slashing doesn’t happen often, but it’s always a possibility when staking;

• The amount you lose depends on the rules of each blockchain.

If Slashing of your crypto occurs due to a Kraken error, it will be covered by Kraken.

• Regulation

Staking operations are managed by Payward Commercial, which is not regulated by the Central Bank of Ireland. As such, earnings are not guaranteed. When you Stake your Coins, your crypto is handled by Kraken PESL. Kraken holds a MiCA license.

There are always risks involved in Crypto - you should always be carefully informed about them before making any investment decisions. You can read more about risks related to investing in crypto here.

How can I disable Crypto Staking?

To disable Crypto Staking, you can follow these steps:

1. Open your bunq app

2. Go to your Crypto tab

3. Go to your Settings in the top right corner

4. Disable the Staking toggle

5. Done ✨

You can also always flip the toggle and turn Staking on, by:

1. Open your bunq app

2. Go to your Crypto tab

3. Tap on your Wallet

4. Tap on Enable Staking

5. Tap Got it

6. All done - Staking is enabled again

Fees

You don’t pay any fees for Staking. However, we retain 25% of the earned crypto from staking as commission.

The Annual Percentage Rates that you see in-app do not automatically include the 25% commission. The final payout you receive may be different from the APR displayed, as the earnings you see in your account are always shown after this commission is deducted.

Should I stake my Crypto?

Staking comes with risks — only stake if you fully understand how staking works, the risks involved, and you’re okay with the chance of losing some or all of your staked crypto