eToro Introduces Crypto Staking: Earn Rewards By Holding Crypto

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Written By
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

eToro has brought in crypto staking, enabling users to earn potential rewards by holding supported digital assets.

Key Takeaways

  • eToro now offers staking for supported cryptocurrencies, allowing users to earn passive income.
  • Most digital assets are staked automatically, except for Ethereum (ETH), which requires opt-in.
  • Users can opt-out via account settings anytime (Settings > Trading > Crypto Staking Program > Toggle Staking OFF).
  • Staking rewards may have tax implications, so you may want to consult a tax advisor before participating.

Don’t invest unless you’re prepared to lose all the money you invest. 

eToro banner for adding crypto staking

What Is Crypto Staking?

Crypto staking is a process where you hold specific cryptocurrencies in your wallets to support blockchain network operations.

In return, you can receive staking rewards, similar to earning interest on savings.

Staking can be an attractive way to generate passive income, but it comes with risks, such as market volatility and potential penalties for early withdrawals.

About eToro

eToro is a leading global trading platform, excelling for its user-friendly interface and social trading features.

It offers a diverse range of financial instruments, including stocks, crypto, forex, CFD, and its own Smart Portfolios.

The brokerage is well-regulated, including by the FCA in the UK, ASIC in Australia, and CySEC in Cyprus.

eToro’s latest addition of staking services further enhances its aim to provide a comprehensive trading experience.

New traders can get started with a $50 minimum deposit.

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail accounts lose money.
51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.